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glad to hear it. pay by phone is a much better option than mailing in a bill.
Auto bill pay is a better option than both. No idea why people would use any other option.
The only problem I hate with Auto bill pay (from the payee's side) is to cancel a payment is next to impossible.
So since they won't charge the fee for those who pay a certan way they will just look for another way to gain the lost revenue. We will have some sort of a fee increase.
exactly!! the only difference will be that the different fee will be applied to everyone instead of just the people who are too irresponsible or incompetent to manage paying their bills
exactly!! the only difference will be that the different fee will be applied to everyone instead of just the people who are too irresponsible or incompetent to manage paying their bills
exactly!! the only difference will be that the different fee will be applied to everyone instead of just the people who are too irresponsible or incompetent to manage paying their bills
yes lets stoke the fire with some extreme paranoia......
hundreds of thousands in overcharges because you died? how much was your monthly bill? a simple 10 minute phone call from ANY relative solves this
overcharges that are impossible to get corrected....... though rare, overccharges and mistakes do happen..... again a simple 10 minute phone call solves this.... now if youre going to get into a cat fight over charges that you dont think are fair then sure its not going to be an easy phone call..... but typically they are correct and the consumer is just being whiney or ******ed
mature adults can resolve all the paranoid BS excuses .......... theres no reason to pay your bills late........ and those who 'claim' they pay on time but still prefer to call in every month and make a single payment are a very small minority..... I'll do some digging later to find the source but I recall reading sometime last year that something like 65% of all accounts are delinquent on VZW...... THIS has a lot to do with the reason for adding what you would call "greedy" charges.......... and then also consider how many millions of customers VZW has...... if everyone is calling in every month (whether on time or not) to pay their bill, thats a ton of employees they need just to answer billing calls........ forget the tech calls on top of that
so a company wants to save some money and discourage some bad behaviour by YOU..... and all you can do is whine that they are greedy....... remember that in 3 months when they raise the rates for everyone by $5 to pay for all those phone calls...... of course then your response would probably be to send more of those jobs to Habib to save money....... then whine because more jobs are going overseas
YAWN
perfect..... send in that paper check and save yourself $2 (if they left the fee)..... what exactly is all the whining about?
It contradicts your point about VZ wanting to save money. How is it saving them money when people send it checks for them to process vs people paying electronically every month? It will end up costing them more, the real reason is they want to squeeze more money out of consumers.
Verizon has to have someone on the payroll to process payments whether the payment is via check or credit card. the differnce arises because the bank charges Verizon a small fee to process a credit card payment whereas no such fee is charged when a check is presented to the bank for payment.
So, if your wireless bill is $200 and you pay by check, Verizon gets $200. If you pay that same bill with a credit card, Verizon gets $198.62. (My figures are a gustimate only and are for demonstration purposes only)
This is true, but for as long as I can remember, retailers have agreed to pay this fee in exchange for more business. Convenience for your customer translates to more dollars in your coffers.
You know who's really winning here is the cc companies. They're sitting back watching the consumer and the retailers duke it out while they get paid twice.
This "agreement to pay" you're referring to is the contract the retailer signed with the credit card companies which specified a percentage fee they paid to accept credit cards. The more business came from customers that came to your business because you accepted credit cards for payment and another business did not. So if you accepted credit cards you did see an increase in business. But today it's difficult to find a business that doesn't accept Credit cards so it is no longer a selling point for a business, it has become a necessity. As you know now even fast food and movie theaters even accept credit cards and they were some of the last hold outs to accept credit cards.
Some businesses even even raise prices and then offer a discount for cash when selling thier products as a method to recover the fee thay must pay when taking credit cards.
You are correct cmybliss, the real winner is the credit card company because it's a fee the customer never sees and thus doesn't have a reason to complain to them for the higher prices that they ultimately pay.
I'm sure many people have credit cards that give you cash back for using them. Where do you think that money comes from that you're getting back? It's not a gift from the Credit Card company, It's your own money you're getting back. You paid a higher price for whatever you bought with your card, the retailer paid the cerdit card company a fee for processing your credit card, then the credit card company gave you a portion of your own money back because you used thier card.
So, ultimately now companies are going to start looking for ways to recover these fees they are paying that no longer give them an advantage gaining new business. Many have already raised thier prices to cover the fee. (which is a cost of doing business)
But, businesses will always be looking for ways to increase income.... this is just one of them.
Best of luck to all of us,