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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (7558)	6/30/1999 10:18:00 PM
From: Erik T	Read Replies (2) \| Respond to of 20297

With this new person-to-person credit card I wonder how long it takes to settle actual payment to seller? When are Sellers paid if they use direct deposit? (Best case scenario, funds show up in your bank account 17 days after payment is made by buyer: 14 days minimum for Billpoint to do their part, and 3 days for ACH system to clear bank system.) Billpoint Pay Days occur on Mondays of every week for direct deposit payments. Billpoint processes direct deposit payments each Monday for all transactions that are considered "complete" during the previous week. It generally takes two to three days for the funds to appear in your bank account. You can estimate which orders are considered "complete" according to the following guidelines: If you entered a tracking number into your Billpoint account when you shipped your order, you will get paid 14 days after the order was shipped on the next Billpoint Pay Day. (Billpoint will always provide Buyers with a five day Inspection Period after the shipping carrier indicates delivery of a package.) If you did not enter a tracking number but the Buyer positively confirms their order by going to the Order Status page and accepting it, you will get paid on the next Billpoint Pay Day after they accept the order and after 14 days have passed since the order was shipped. If you did not enter a tracking number for your shipment, and the buyer does not confirm acceptance of their order, you will get paid 30 days after the item was shipped on the next Billpoint Pay Day. billpoint.com Fees for Billpoint start at $1.99 and go up based on value of the transaction. billpoint.com Checkfree can provide much better value in this space, I believe. Erik