posted on November 22, 2000 09:15:44 AM
I am trying to get ALL of my credit card buyers to use ExchangePath because at this time it is just wonderful. I really like the fact that you can make payments to your own credit card with the funds, but here is something you should know. I didn't find it out until I called my credit card company for a balance, and to make sure the payments were, indeed, being credited. They are, but not as payments. Funds being received from ExchangePath are being sent as merchant refunds...meaning that you are being credited with the amounts, but not as payments. Now this means you must still make your monthly payment, or you will get nailed with a late fee. A customer service rep at my credit card company explained this to me when I couldn't figure out why my balance was going down, yet they insisted I hadn't made a payment. So be sure to make your minimum monthly payment on your credit card!
posted on November 22, 2000 09:31:04 AM
Very true. Same goes for Paydirect and any other service that applies to credit cards.
By the way, Paydirect is also free (currently) and you can apply payments to your credit card. With the way that the startup payment services have been dropping lately, I think that the fact that Paydirect has the backing of Yahoo makes it likely that it will be around for a while, and also that it will remain free for as long as possible.
