Think about it, every time a Home Depot or other store customer that uses TeleCheck, stands in line for 20 or 30 minutes just to be told they cannot use a personal or business check, the only other option is a credit card. So they use their credit card instead of the money they actually have in the bank, they pay interest and fees.
Just the thing we are told not to do in these times we are forced to do unless we pack our pockets with enough cash ahead of time, just in case it's the day TeleCheck declines our checks.
Come on, there is something more going on here. These days it's not hard for verification services to instantly check funds availability, and instantly credit the store with those funds. So why use a service that collects, compiles, and does almost anything they want with our personal and financial information.
My life and finances aren't mine anymore. Who is REALLY stealing our identity?