Hey People, What is the bast method of payment 2 choose. Electronic Funds Transfer ??? Or Cheque ?? Thanks..
It depends on you. If you country is in EFT list then go for it otherwise go for cheque. You'll get money immediately with EFT.
I chose Electronic Funds Transfer as it gets to my bank account with no hassle and it can't get lost or delivered late in the mail
EFT is the best because it is fast, easy and secure. There are lots of issues in checks (like late delivery, lost delivery, waiting time for encashment). So if your country is supported for EFT payments, go with that method.
I'd also suggest EFT. We changed when it became available here. Another problem with cheques is that often your bank will charge a fee (ours used to be about $15), which can be quite a chunk out of your cheque especially if it was only a cheque for $100. Cheques also take a while to clear... it used to take a month or so here when we used to get payment by cheque.
EFT is always the best option. The banks do tend to drag their feet over clearing checks because they like to hold on to your funds, hence steal your interest, before they deposit them in your account.