“Is this printer a LASER MICR Printer? Can I use it for my business to print payroll checks? Does it take Magnetic Ink?”
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No it is not a MICR printer. HP does not make printers that use Magnetic ink or toner. You can get pre-printed checks and not need magnetic ink. If you need magnetic print, the Troy Group modifies HP printers for resale and provides MICR toner. Here is a link to the Troy Group: https://www.troygroup.com/
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