[Info-vax] Cash / Credit /eCash (was: Which programming language would you like to see officially supported on VMS ?)

[John E. Malmberg]

On 3/4/2020 6:01 PM, Jan-Erik Söderholm wrote:
> 
> But a straight account-to-account transfer is much simpler. Just give me
> your bank name and your account number and I’ll make the transfer.

Sorry, still waiting for the funds from Colonel Bangi Hamma to show up.

According to one of my banks, a wire-transfer has a fee of about $15, an 
EFT is free.  If you ask for a wire-transfer, they charge you the fee 
and do not point out the free alternative.

Over 95% of my bills are currently paid by EFT.

For small businesses though, for some reason they seem to think a $1.50 
to $3.00 additional fee is needed for them to process an EFT through a 
payment processor instead of dealing with a paper check.

For example my water bill can be paid by check in a secure drop box two 
blocks away from me, or I can do an EFT for only an additional $1+ 
inconvenience fee.

Even the state I am in charges an additional inconvenience fee of about 
twice the postage cost to use an E-Check instead of snail mail.

So for places that have inconvenience fees for processing payments, they 
get checks since it postage is still cheaper.

And there seems to be some overhead for accepting Charge Cards for payments.

This is not a case of tax evasion as near as I can tell.

Now at least one of my banks say that I can setup bill pay through them, 
and that they will handle the EFT and will with out charge mail paper 
checks to the few businesses that won't take EFTs.

But by doing it the way I do, I do not have to be concerned if something 
gets lost or delayed in their system.

I avoid all inconvenience fees that are possible to avoid.

For some things people in the U.S. are trying to be conditioned to pay 
extra for things that in other countries are taken for granted.

Regards,
-John
wb8tyw at qsl.net_work