Verizon Gives Up On $2 Bill Pay Fee - Other News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Verizon Gives Up On $2 Bill Pay Fee

Verizon Gives Up On $2 Bill Pay Fee

Verizon Gives Up On $2 Bill Pay Fee
The content is accurate at the time of publication and is subject to change.

On the last Thursday of 2011 Verizon Wireless, one of the nation`s largest mobile network operators, made public their intention of levying a $2 fee upon all customers who choose to make one-time bill payments via the phone or the Internet using their debit or credit card beginning January 15. The response from subscribers was swift and vehement, prompting Verizon to eliminate the so-called “convenience fee” on the day following its unveiling.


On Friday the company published a statement on their website claiming that in response to “customer feedback,” they would not pursue the introduction of the new charge. Verizon`s motivations for attempting to put the fee into place were to encourage people to pay either by electronic check or arrange for their credit cards to be billed automatically, processes which are cheaper and more reliable respectively.


Almost as soon as the new fee was revealed, consumers began adding their names to a petition on Change.org that was started by Molly Katchpole. In 2011, Katchpole was responsible for launching a similar campaign against Bank of America’s decision to implement a monthly $5 dollar fee for debit card use that was ultimately successful. By Friday afternoon, the Verizon petition had amassed over 95,000 supporters.


Spokesman for Washington, D.C.-based telecom consumer group Public Knowledge Art Brodsky referred to Verizon`s reversal as a “shrewd move,” according to the Boston Herald.


“Once the same woman who did the Change.org petition for the BofA fee started one for the Verizon fee … they realized they were going to catch a lot of bad press and reversed course. That`s what makes them one of the smarter phone companies,” said Brodsky, as reported by the Boston Herald.

Such “convenience fees” as Verizon was trying to implement is the norm for the payment processors of power companies. Verizon was the first cellular phone service company to make moves towards adopting the practice, but given the impassioned consumer outcry it`s apparent that they will have to wait for the time being.


“Pressure from the marketplace is what companies listen to,” said Jeff Kagan, a telecom analyst, according to the Boston Herald.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Minor League Baseball and Allegiant Airlines Partner Up

Posted: December 13, 2018

Allegiant Airline and Minor League Baseball have inked a deal paving the way for a credit card partnership, one giving fans a credit card that reflects their fandom in terms of rewards whether they are traveling or catching a game. When ... Continue reading
Capital One Partners Up With Airlines

Posted: December 12, 2018

Capital One has partnered up with 14 airlines so that Venture and Spark cardholders can now use miles to pay for their flights. What is the transfer ratio? All of the carriers that have partnered up with Capital One, except for Emirates ... Continue reading
Holiday Shopping is Trending

Posted: December 11, 2018

Shopping is definitely in style this holiday season with consumers, according to the new TD Bank Holiday Retail Report, on average they will be spending $530 on gifts. What are the trending gift-giving categories this season? Gift cards ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!