How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Tax.appeal.168 Your Own Question

Tax.appeal.168
Tax.appeal.168, Accountant
Category: Job
Satisfied Customers: 3443
Experience:  Tax Accountant
58285678
Type Your Job Question Here...
Tax.appeal.168 is online now
A new question is answered every 9 seconds

Is the check cashing business a good business to get into

Customer Question

Is the check cashing business a good business to get into
Submitted: 1 year ago.
Category: Job
Expert:  Tax.appeal.168 replied 1 year ago.

Every type of business has its pros and cons. One obvious con that I can think of right away is collections. While most of the checks cashed by the center will probably clear, there are some, even payroll checks that may not clear. If that happens, it will be on you to try to collect those funds. There is also the security issue. For your convenience, I have provided a link to a webpage that discusses some pros and cons of owning a check cashing business.

http://www.accountnow.com/content/check-cashing/check-cashing-centers-pros-and-cons/

Let me know if I can be of further assistance to you regarding this matter.