I pay almost all my bills online (with Wells Fargo). The technology is amazing (sarcasm alert).
I type in the details, set it up for once only or regular, etc, and press the button. Wells Fargo prints out a check, a pay slip and an envelope, and sends the payment in the mail - that's paper mail, US Post Office. Of course it has been debited from my account already.
Sometime later, in a week or so, the payment gets credited to my account at the other end.
I checked out other so called 'online' bill payment systems, from other banks, and from Intuit. They are all alike and send virtually all payments by paper checks.
It's all very convenient, but prone to delivery problems.
EPAY has a big lead, and I believe they will do very well indeed. |
