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12-30-2011, 10:01 PM #1
Verizon Cancels Plans to Institute $2 Fee for Credit/Debit Bill Pay After One Day
Earlier this week Verizon announced they would be instituting a $2 “convenience fee” for customers paying their monthly bills with credit or debit cards via the Internet or telephone.
The backlash was immediate and fierce. How nice of Verizon to allow consumers the convenience of paying online. Verizon listened, and announced today they are dropping plans to institute the fee.
To Verizon's credit they did outline seven different payment options consumers could use that would forgo the $2 charge like auto-pay programs, paying via check, and gift cards at local Verizon stores. According to Verizon the charge was proposed to offset the fees credit card companies demand when processing the orders. Perhaps the backlash highlights the high number of customers paying their bills on a month to month basis. Perhaps it's testament to the current economic climate?
More than likely though, it's a testament to a fed up customer base. Consumers are sick of being pushed around by the companies the need. A number of companies this year have attempted to institute fees and raise prices, and the response has been increasingly hostile. Bank of America attempted to institute a $5-a-month checking fee, they were humiliated. Netflix raised prices, while necessary, they completely botched explaining and justifying it to their customer base and what ensued turned into a case study of what not to do when managing a crisis. Consumers are fed up. Many corporations and business owner still don’t get it. Many will never get it.
But, if there is one thing to learn from the backlash against Verizon’s attempt to charge customers a convenience fee for paying bills via the internet it’s this: we consumers still matter.
Source: The Huffington Post
12-30-2011, 10:31 PM #2
12-30-2011, 11:01 PM #3
It didn't hurt any that the FCC expressed interest in investigating the practice. I figured they'd back down. I'm a business man and I process credit card payments. The fee I am billed is the cost of doing business, operations. Charging the customer is perfectly legal, just looked upon as bad manners. Anyways...@Metaserph
"You can only attain Peace through spreading Love to create Unity and earn the Respect of others" - Complex Simplicity
12-30-2011, 11:01 PM #4
People keep using direct banking tools or writing checks please. Keeps me in a job.[CENTER][SIGPIC][/SIGPIC][/CENTER]
12-30-2011, 11:03 PM #5
12-30-2011, 11:52 PM #6
That's ok, Verizon will find another sneaky way of charging people this fee. Thankfully I have AT&T.
12-31-2011, 12:12 AM #7
12-31-2011, 12:23 AM #8
I hope so, companies have taken advantage of the consumer for far too long.
12-31-2011, 02:05 AM #9
8GB iPod Touch 1G: 1.1.1 > 1.1.2 > 1.2 > 2.0 > 2.0.1 > 2.1 > 2.2 > 2.2.1 > 3.0 > 3.0.1 GM RedSn0wed
16GB iPhone 3G > Sold $375 > iPhone 4: 4.2.8 > 5.0
32GB iPad: 3.2 > 3.2.1 > Traded For MacBook > Traded + $500 For MacBook Pro
12-31-2011, 02:13 AM #10According to Verizon the charge was proposed to offset the fees credit card companies demand when processing the orders
BTW, the standard credit card processing fee for small business for anything but Amex is 0.5% (which is likely higher than what a major company like VZW pays) which on a $100 iPhone bill comes out to a whopping 50 cents so this is not just Verizon getting their money back - they were actually trying ti profit off of this scheme.
12-31-2011, 03:23 AM #11
They have cancelled the $2 fee but in other news prices have risen by $2 in a completely unrelated manner.
12-31-2011, 05:48 AM #12
I think this is what it cost to Verizon if you pay your bill online
Kinda unfair they want to charge this fee to the user!!
12-31-2011, 09:36 AM #13
12-31-2011, 11:28 AM #14
The New Jersey DMV (known as the MVC) imposes a similar fee when renewing your car registration online.
If you pay them via credit card on their website they impose a convenience fee of a few dollars.
If you write out a check and mail it to them, you pay face value for your registration renewal fee.
FCC, please look into the NJ MVC's practices too, k? thanks.
From State of New Jersey - Motor Vehicle Commission
Order Personalized Plates (Note: A Credit card convenience fee will be applied in order to process each online transaction.)
Order Sports Plates (Note: A Credit card convenience fee will be applied in order to process each online transaction.)
Order Dedicated Plates (Note: A Credit card convenience fee will be applied in order to process each online transaction.)
Renew Vehicle Registration (Note: A Credit card convenience fee will be applied in order to process each online transaction.)
12-31-2011, 11:56 AM #15
12-31-2011, 01:27 PM #16
01-01-2012, 02:35 AM #17
Extremly Happy Verizon iPhone User...
iPhone 4 32gb CDMA JailBROKE!
01-01-2012, 12:19 PM #18
Since cash is harder and more risky to manage, you would think that the convenience fees would apply to cash instead of credit cards. Obviously, since using a credit card online is more convenient, more people will want to use that method, therefore they levy the fee against those people in an effort to capitalize on them.
01-01-2012, 07:46 PM #19