Verizon To Charge $2 For Paying Your Bill
If you pay by credit or debit card its going to cost you $2 every time:
http://www.huffingtonpost.com/2011/12/29/verizon-convenience-fee_n_1174868.html
http://www.huffingtonpost.com/2011/12/29/verizon-convenience-fee_n_1174868.html
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Problem is that doesn't seem to be a viable option if you want the best coverage. VZW has us by the balls in that respect. AT&T is a close second for similar coverage and the others aren't even in the ballpark.
http://venturebeat.com/2011/10/21/verizon-earnings-more-than-double/
If they can negate that, hey....profit.
I'm surprised they're trying it with the recent fallout from the banks trying the same tactic. I imagine if this thing gets enough bad press, they'll can it.
/Verizon subscriber
What's messed up is the fees probably are being rolled on to the consumer in higher prices, which means cash customers are get screwed. We've let the banks add a tax to all our goods and most didn't even notice it.
I'm really surprised the feds have allowed CC companies in on the take.
I have never used nor ever will use an ATM, now there is a con.
I find the willingness to give it up frightening.
Verizon is big enough to do what Cabela's did - open their own bank and keep the money in-house, a truly brilliant solution. What they are doing now suggests that the management is asleep at the wheel, or at least never heard of Netflix.
Indeed when a bank charges you to take money from their ATM is just wrong, but if you keep a few thousand dollars you get a pass. Class warfare?
I pay my bills with checks from a no-fee checking account. It also pays interest, but these days that is mostly a theoretical benefit.
For almost everything I buy I use credit cards that offer points I actually will use or cash-back, and do not charge net annual fees, and pay the balances in full each month. This is the best solution, IMO. It gets me a discount of 1-5% on everything I buy.
OTOH hand I NEVER use a debit card for anything other than no-fee ATMs. The two largest gas station chains near me have no-fee ATMS, which makes it easy.
When the U.S. Postal Service closes, we all will be forced to use the credit card....then they will have us all. haha.
I find the willingness to give it up frightening.
Interesting. My wife and I exclusively use our debit cards and sometimes she writes a check. The majority of our bills, including Verizon, are paid with our online bill pay service which is free at Associated Bank...which also offers free checking.
With both of us receiving direct deposit from our employers it's rare that either of us carry cash. In order to have cash on hand I either have to run to an ATM or the bank to get it.
Join a credit union - lower cost, better service and often part of a regional group that honors each members' no-fee ATM cards. The only "bank" account I have is a USAA Bank credit card, because it offered better perks than my two credit unions and I have had all my insurance through USAA for many years.
I very much doubt that the Postal Service will ever close, however much it may change. That would, I believe, require an Amendment to the Constitution.
Our little International Bank of Amherst beats all the competition. We've been banking there for over thirty years.
Not sure of the constitutional amendment thing, interesting. If that is the case it will for the most part disappear. Trouble is Fed Ex and the like won't be delivering the excess. Maybe a once a week delivery but as the offices close the routes are going to be huge...and more costly.
I find the willingness to give it up frightening.
For me, the issue with debit v. credit cards is that debit cards lack the consumer protections that credit cards have by law. Paying with your phone is just as bad.
Also, when checking accounts paid interest higher than .25% why lose the float time on earning interest?
If a person believes it necessary to have a cell phone and want the best coverage possible then Verizon is the only choice. AT&T is close second and the rest have lackluster coverage.
Price wise they are all within a few dollars of each other but not enough to justify changing carriers. The plans that are much cheaper result in limited coverage areas.
If our local banks still were locally owned and offered good service I would not have left them, but my credit unions are much better. The bank where my wife has had an account for 30+ years and where we keep a joint checking account for household bills has changed hands and names many, many times. I think it now is owned by Allied Irish Bank but would not swear to it. We all have our quirks, and one of my bride's is staying with that bank. At least she closed one acct there when they wanted to charge her $2 a month for a paper statement.
Sounds like the meeting where ATT decided if you want to send and receive texts or images on your smart phone you have to pay an extra $20 a month. I guess the thoughts were if you don't like it don't text, so I don't. The free texts apps work just fine so eff you ATT.
http://www.ooma.com/
If you use your banks ATM there shouldn't be a charge. The only time I pay a fee is when I use an ATM at a liquor store which is like never.
I have an idea where you could save a few dollars . ..
A fee to pay your bill, them folks is crazy.
Ding **** the fee is gone...
http://finance.yahoo.com/news/verizon-reverses-2-fee-one-time-payments-202956036.html