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The cost model, if you are a company, for payroll as an example is:

- cost of check stock paper

- cost of employees time to process the paper - load paper, stuff checks into envelope, etc.

- prorated cost of a printer and printer ink (should also include power, maintenance)

- Cost of stamps....currently bulk rate is $.31 each

- cost of exception handling.....lost or returned checks - have to investigate, stop payment at the bank and re-issue.....returned check with invalid address.

- cost of fraud - someone stole the check out of the mailbox....again investigation, cancelling check cost (if any), re-issue check(s).

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14y ago

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