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New Trends for Grocery and Convenience Stores
Are you still accepting paper checks from your customers? Maybe your store policy is to cash payroll checks? If your business is a grocery store, there’s a good chance you’ve already begun to ask yourself if this is still a policy you wish to continue. In fact, many grocery and convenience store chains are beginning to reconsider this as an option they offer their customers. And the reason has everything to do with a dwindling demand for traditional paper check services. More of us are using our debit cards for those expenses such as buying groceries, fueling our vehicles and even paying for lunch at fast food restaurants. Odds are, the majority of your customers are doing the same; but is it wise to completely eliminate this option? Maybe not, say some industry experts.
Small businesses still use traditional checks as a way to keep their petty cash accounts balanced. In fact, the vast majority of companies do not even include debit cards as part of their smaller accounts like petty cash. This means they will continue to have a need for a merchant to accept checks for items such as coffee, office supplies and even cleaning supplies. While they take advantage of the many benefits that come with a business credit card processing network, many who were polled say they have no plans to entirely discontinue paper checks.
Not only that, but the one sector in our society that’s been resistant to incorporating these new technological advances are senior citizens. They have relied on the traditional checking account their entire lives and it’s what they know and trust.
So how can a business, specifically grocery stores and chains, incorporate the needed technology for processing check payments while not eliminating this classic option? FDIS offers check feeders that allow you to include your paper checks in the same way as your debit and credit card processing methods.
If you’re interested in learning more about how FDIS can help you keep all of your options, visit our site today.
