We did ask that question in a recent survey regarding the various payment systems, credit card, debit card, cheque, as well as cash, though not so much. We asked what percentage of the transactions had been returned to them, and it was lower for cheques than it was for, say, credit cards. I can't remember the exact numbers, but I can get you that information. From our members' perspective, it was less likely that they would have a cheque returned than that a credit card transaction would be returned. There could be a charge-back or a bounce-back or something could happen so that the credit card transaction would not go through. In their experience, it is more likely that would happen than that a cheque would bounce.
On February 27th, 2014. See this statement in context.