Disclaimer: I did a couple of searches as instructed at the top of the forum and could not find this question asked in the past year. If it has been, please lock this and point me in the right direction, thank you. I’ve also engaged my brain. You folks are pretty tough, huh?
Backstory: So, I’ve started to go the freelance route lately as I require more flexibility with my studies.
I usually get cash for services rendered. Sometimes I will get my fee deposited into my account.
Just today, for the first time, I’m told that two local companies want to pay me by check.
So now we can get to the questions:
Checks, or more succinctly the post-dated check, are an institution here in Taiwan from what I understand, but I am a little wary of them all the same. If you do freelance work of any sort, do any of you accept payment by check, and if you do, is there anything you can do other than trust the company and your belief that their check won’t bounce? I imagine there are little to no fees for bouncing a check here and I will be left with little recourse if, in fact, a check does, er, bounce.
Is there some sort of credit rating or finacial clearinghouse I can contact to see if a company is reputable and I won’t have any problem accepting a check? I am guessing not, but it would be nice.
Can individuals like you and me (i.e. non-companies, non-incorporated people) receive checks as payment and deposit them into a regular bank account easily?
Is there anything else I should know about Taiwanese checks?
I’m probably going to argue that since there is little security, especially given my position as a freelancer, I will only accept cash, or I won’t take the case…I’m just interested in any of your experiences with this. Thanks in advance.