Advantages Offered by the Online Payment Systems
An online system of paying
bills saves you a lot of time, as you won't need to write checks month after
month and maintain a file for bills to be paid or pending payment. The handling
of your debts becomes very easy and quick and punctual.
If you ever need to check
some old bills, you won't be wasting precious time looking for them, as all the
information is contained in one place.
COST-SAVING
By making online payment of
your bills, you save a lot of postal expense. An average household spends about
$70 per annum towards postal expense. It also helps eliminating the payment of
late fees against bills that don't get paid in time. Missed payments can result
to paying:
A higher rate of interest
Overdue charges or late fees
If the payment remains
unpaid for long, you may get classified under 'collection status'
CONVENIENT
You can specify the amount
and the date of making the payment, and the system will automatically withdraw
funds from your account and pay to the designated party, thus eliminating the
chances of making late payments, or the checks getting lost to save you from
penalties; it saves your time as well. That makes it the most reliable way of
ensuring that all your regular bills are paid in time.
The execution of
electronically concluded transactions is always associated with slight risks. Though
negligible, the probability of such risks is on the increase, mainly due to the
development of very refined hacking techniques.
For quite some time, a
significant issue has been of a technique called 'phishing'. This technique
involves sending a cleverly designed fake message by way of a web page popup or
an email that makes send the details of your personal account to a wrong
person. Here are some steps to avoid getting cheated online:
Frequently change your
passwords. Do not ever entertain any email that asks for the details of your
personal account, howsoever genuine the mail may look to be.
Keep checking your online
account regularly to realize any suspicious activity that may occur.
Delete mails received from
unknown senders. Even if you consider the mail to be genuine, it is recommended
that you type the given address on your browser and not to click on that link.
Are you interested in an
online rent payment service? Do you want your customers to have a pay rent with
credit card option?Article Source: Karina Popa
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