disney no longer takeing checks?

maryszhi

maryszhi

Well-Known Member
I just got back from the world. my cousin is leaving in a few weeks and asked : does disney world still take checks. when we went to the world of disney store, we wanted to use a check. they said they no longer accepted them even if you stayed on property at a disney owned hotel.we had to use our key to the world card to charge it. why is this, or was it a mistake? my fam. always usedc checks ( and cash for venders, exc. and key to the world whenmy parents didnt feel like brining the check book or we saw something and we charged it) thanks in advanced, my cousin prefers checks because she thinks its easier to keep track of purchases
so do they or dont they:shrug:
thanks
 
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maryszhi

maryszhi

Well-Known Member
Original Poster
i know, but if you have a credit card to back it up. like on a credit card, you have to pay interest, even if you pay it right away, as with a check, all you have to do is pay the amount with no interest, at least thats what i think. i am only 17, so i dont fully get the difference of the two except one is plastic one is paper, one they attomatically take out of your account, the other you have to send payments
but checks are better then credit card, except for those who buy stuff they cant back up with money
 
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Bug715

Bug715

Member
You are right checks are no longer accepted at Disney World.

I believe that this also helps when there is a huge line at the register. I can't imagine having to write all the info on the check in the huge lines in the Confectionary between parade and fireworks or after fireworks.
 
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unkadug

unkadug

Follower of "Saget"The Cult
maryszhi said:
i know, but if you have a credit card to back it up. like on a credit card, you have to pay interest, even if you pay it right away, as with a check, all you have to do is pay the amount with no interest, at least thats what i think. i am only 17, so i dont fully get the difference of the two except one is plastic one is paper, one they attomatically take out of your account, the other you have to send payments
Click to expand...



In a nutshell:

A checking account tells the merchant that you supposedly have money in the bank to pay for your purchase. It is a contract between you and the merchant. If there is no money in the bank, then the merchant has to go to court in order to be reimbursed.

A credit card tells the merchant that your bank is paying for the purchase. You have to pay the bank back. It is a contract between the merchant and your bank. The merchant is guaranteed their money almost immediately.
 
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maryszhi

maryszhi

Well-Known Member
Original Poster
unkadug said:
In a nutshell:

A checking account tells the merchant that you supposedly have money in the bank to pay for your purchase. It is a contract between you and the merchant. If there is no money in the bank, then the merchant has to go to court in order to be reimbursed.

A credit card tells the merchant that your bank is paying for the purchase. You have to pay the bank back. It is a contract between the merchant and your bank. The merchant is guaranteed their money almost immediately.
Click to expand...
thank you for explaining
 
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tigsmom

tigsmom

Well-Known Member
maryszhi said:
i know, but if you have a credit card to back it up. like on a credit card, you have to pay interest, even if you pay it right away, as with a check, all you have to do is pay the amount with no interest, at least thats what i think. i am only 17, so i dont fully get the difference of the two except one is plastic one is paper, one they attomatically take out of your account, the other you have to send payments
but checks are better then credit card, except for those who buy stuff they cant back up with money
Click to expand...


Credit cards and checks are not the same.

You present a credit card and the merchant knows the money is there (the bank pays and you pay the bank).
With a check they do not know if there is money in the account until the present it for payment and by then the person is long gone and they could be out the money. Its a long costly process to get their money and many merchants no longer are willing to take the risk as the percentage of bad checks being passed is rising.

If you do not pay off your credit card bill right away because you don't have enough money in the bank you pay interest to the bank - it is like a loan. If you pass a bad check you can end up in jail as that is a crime.
 
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Disneykidder

Disneykidder

Well-Known Member
I, too, think this is a great decision on Disneys part. There are plenty of scammers out there who will not make good on their checks so I think it is a smart move. There are what over 25,000 people arriving Disney a day...lots of cons, I am sure. Most checking accounts have a credit card to use instead so why bother to take the time to write a check or even take the book along.

I say smart decision if it is indeed true.:)
 
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lwalker8

lwalker8

Member
Checks are on their last legs as a form of payment in retail. They will soon be relegated only to commercial transactions and eventually they will be gone altogether. It's only a matter of time.
 
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U

UKHelen

Member
I'm sorry but I don't know the answer to the op question. I just wanted to add though that here in the UK, most of the major retailers are no longer taking cheques as a method of payment.
 
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Disney05

Disney05

Well-Known Member
In my business, customers can pay by check but we require a valid credit card on file. Can't tell you how many times "good" customers have bounced checks.
 
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unkadug

unkadug

Follower of "Saget"The Cult
The bad thing about bounced checks is that the bank makes a small fortune off each one. :mad:

The bank charges the business for taking a bad check and then charges the customer for writing a bad check!
 
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P

Philo

Well-Known Member
Cheques are pretty much becomming obsolete now (or at least in the UK). I only ever pay by cheque when it's a choice between that or cash, and even then only when it's a large sum.
 
Upvote 0
GoofyDadKB

GoofyDadKB

Missing my mind...
Premium Member
maryszhi said:
i know, but if you have a credit card to back it up. like on a credit card, you have to pay interest, even if you pay it right away, as with a check, all you have to do is pay the amount with no interest, at least thats what i think. i am only 17, so i dont fully get the difference of the two except one is plastic one is paper, one they attomatically take out of your account, the other you have to send payments
but checks are better then credit card, except for those who buy stuff they cant back up with money
Click to expand...

This is not a dig at you as it is not your fault. But, please go find the principal of your school and slap the _____ out of them. Then tell them it is imperative that they start teaching the students about the basics of personal finance. People lack of understanding of basic finance is a major reason we are in this sub-prime loan mess.

To answer your question though. You do not have to pay interest on a credit card as long as you pay it off each month. You only pay interest if you carry a balance over to the next month. You could also use a debit card for your purchases which would take the money out of your account just like a check.
 
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