»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp business of a check trader consists of selling checks which the purchaser uses to buy goods at specified shops; the checks can be used as soon as they are issued, but the purchaser pays for them over a period of 20 or 21 weeks. A service charge (or poundage), normally 5%, is also payable. »Ê¹ÚÌåÓýapp check trader settles with the shopkeeper for purchases on his checks and is allowed an agreed discount. »Ê¹ÚÌåÓýapp instalment payments for the checks are normally collected by personal calls by agents who are paid by commission at a specified rate (usually 7½%) on the amounts collected.