Respuesta :

One advantage is that you don't have to count out your money when you are cashing in. But one con is that people can forge your signature if you give it to them and their dishonest.

Answer:

For detailed answer , refer the information given below.

Step-by-step explanation:

There are various advantages and disadvantages of paying with checks,

some of them are listed below:

Advantages to paying with checks:

  1. No convenience fee : Some business charges money for electronic payment mode so one can save convenience fee by paying with checks.
  2. Safe way to send money : while paying with checks every time you need to sign on individual checks so it is a safe mode of payment.
  3. Proof of payment : One can have a copy of checks given to other authorities with him as a proof of payment.
  4. Time saving : One can save the time of counting money by paying with checks.

Disadvantages to paying with checks:

  1. Scam: One may face the scams of fake checks and fake signature by paying with checks.
  2. Costly : checks available by the providers are costlier then the electronic mode of payment.
  3. Longer processing time : the processing time of payment through checks is longer then other mode of payment.

For more information visit,

https://brainly.com/question/2978061?referrer=searchResults

Otras preguntas