I'm in.
Online bill paying is something I would love.
Not because I get 10-15 bills per month.
Here is the reason.
Couple years ago I had my biggest VISA bill ever. I always pay it off every month to avoid finance charges.
However, this time, the payment was lost in the mail. In addition to charging me interest, I got stuck with a $25 non-payment charge, and the stop-payment charges at the bank.
After this unpleasant experience, I make a point to call the 800-number every month, checking to see if the payment arrives. If it doesn't, I'll send the "minimum payment," just to possibly avoid the non-payment charge (which now is more than $25).
For a short time, the VISA company was offering an internet bill pay service, but they dropped it shortly afterwards. I think there were problems with it.
Internet bill pay will thrive.
No stamps, no checks, no risk of the postal service losing it, no risk of sticky fingers get ahold of it.
I often hear people complain that their mortgage checks are late or lost. Internet bill pay help here too. Altho, people could use automatic payment. But, with mortgage payments I've avoided automatic payment because the mortgage company changes hands too often.
Just some thoughts.
Good luck to BLLS. |
