Cheque in Comet

[BLoO_ZBiR]

Hi, i would like to find out how it is with paying by cheque for goods in comet..

How long it take from the moment when i gave them cheque to the time when that amount gonna be taken from my account ?

And can i take goods straight away or i need to wait untill cheque has been cleared ?

[jaxads]

Hi - Lots of stores have now stopped accepting cheques as methods of payment. Have you checked that Comet still accept personal cheques?

[BLoO_ZBiR]

thats from their website
Help - payment questions

"What payment methods can I use to make a purchase?
Comet.co.uk accepts most major credit and debit cards including Visa, Mastercard, Switch, Delta, American Express and Time Card.

We also offer the facility to pay by cheque or use promotional credit that is offered on some products."

So how does it look exactly.. cuz i never use that kind of paying ?

[patdavies]

Originally Posted by BLoO_ZBiR

Hi, i would like to find out how it is with paying by cheque for goods in comet..

How long it take from the moment when i gave them cheque to the time when that amount gonna be taken from my account ?

And can i take goods straight away or i need to wait untill cheque has been cleared ?

AFAIK, Comet uses Transax - so providing you have adequate ID, you will be allowed to take the goods immediately.

Your account will be debited within a couple of days of handing over the cheque

[kabukiman]

Do they not require the cheque guarantee card before letting the goods go?

[BLoO_ZBiR]

So.. in theory.. i can have an empty account, buy whatever i want and then they let me go with goods.. ? they don't have any possibility to confirm that i have money inmy account ? that sound weird..
how that can works for that many years when it's that easy to cheat.. ?

maybe i ask some silly questions but i'm quite young and curious about that..
i've just open my first bank account with lloyds.. and to many thing are strange for me..

[sequenci]

You can pay with a Cheque providing you have a cheque guarantee card. If yours is a new account it is likely that your guarantee is £50, possibly £100. If you have nothing in your account when the cheque clears you will be subject to bank charges which is not something you will want from lloyds with their brand new charges regime.

[BLoO_ZBiR]

i don't have any cheque guarantee card, i receive only visa debit card and cheque slips.. currently i have 400 pounds in my account and i want to buy some hi-fi for 300, so it means that i cannot pay by cheque ?

[sequenci]

no. you will nbeed a valid cheque guarantee card.

[patdavies]

No. The point of Transax is that it guarantees the payment to the retailer. If the cheque bounces, they pay the retailer and chase the cheque issuer for the amount plus their charges. They also place a marker so that you don't get the guarantee again

I am not aware of cheque guarantee cards beyond £250. The Transax system allows you to purchase and take home items costing more than that

[gyzmo]

can't you just use the debit card to pay? I wouldn't carry that much cash personally.
You could get a friend or relative to pay, and you could write a cheque out to them for the amount whihc they can deposit into their account. that doesn't require a guarantee card (but make sure the money is in though or the bank will sting you!). I regularly transfer large sums of money that way.

Oh, just in case you didn't know, never ever carry your cheque book and card together - keep them separate (and if you know the payee name, try to write it one the cheque before leaving home so that no-one else can use it if it gets lost, just take the individual cheque and leave the book at home).

[BLoO_ZBiR]

ok. now i get averything.. almost :P

so even if i have empty account.. and i will pay 300 by cheque.. they will still let me go ? proceseing cheque take about 2-3 days, thats the thing what i cannot understand, to many people can do that for lots of money.. then they can go somewhere else in the world and start doing same thing.. Is that transax take a loot into Your account while You in shop to see that u have enogh money to make a purchase ? otherwise thats supid

[blitz]

Hence why lots of companys refuse to accept cheques.
If you have enough money in your account why pay by cheque anyway, there are alot more options available in this day and age (chip + pin / chip + signature)
Its used alot by people who will be getting paid in a couple of days or have medical reasons for using cheques, personally I have never used one to pay in a shop and they are becoming redundant except in personal transactions.

[BLoO_ZBiR]

OK. topic closed.. thanks for help and knowledge..
Tomorrow is Friday so i wish You all a good weekend..
Don't lose to much money ;]

[patdavies]

Originally Posted by BLoO_ZBiR

Is that transax take a loot into Your account while You in shop to see that u have enogh money to make a purchase ? otherwise thats supid

Transax do not have access to your account to 'look into it'. They guarantee the payment to the retailer if the cheque bounces, and then pursue the drawer for the money - escalating to court action very quickly.

[patdavies]

Originally Posted by fred2009

pat check up on your advice.

transax do not have access to the account themselves but they do call the banks and verify the shopper via their date of birth and password.

the bank then tell transax to allow autherisation or not.

the banks do not tell transax they amounts available in the account just a simple accept or reject answer.

Bollox!

[blitz]

Transax works in realtime and takes seconds to authorise a cheque, no date of birth is ever requested, and neither is a password. (Argos used to use transaxs when they took cheques, and I have seen cheques accepted/declined in realtime)

Transax keep a database of every cheque logged with them, and whether or not that a) cheque number has been used against that account number/sort code, b) whether they have had a cheque bounced that has been logged with transax

They probably do a few more checks as well but wikipedia doesn't have an entry :/

[Goldlady]

I don't understand the OP's motives here. I use cheques when I know money will be in my account within a couple of days but there are fewer and fewer places accepting them. I believe that Transax is based on past history as I have paid business suppliers using Transax where there is not enough money in the account on that day but there will be by the time the cheque hits our account.