posted on January 11, 2001 06:27:41 AM
I was looking at the Billpoint fees and saw a .5% deposit fee for transferring funds into bank account. Am I understanding this right that I would have to pay more fees to be able to get my money from my Billpoint account?
posted on January 11, 2001 07:57:07 AM
It's a bit like the AutoSweep function at PayPal. They charge you when the deposit to your account is sent.
Since PayPal allows you to store your funds with them, you may use them for another purpose. Since you can't reserve something in your account to eventually pay another Billpoint seller, they are charging you for the deposit function.
