Single Payee Credit Cards for Recurring Payments
Have you ever set up a recurring payment with a vendor using a credit card? I have. It’s very convenient, both for the consumer and the vendor, because neither one needs to be bothered with invoicing and paying bills on a regular basis. Everything’s great, as long as the consumer really does still want the product or service offered by the vendor, and as long as the vendor is ethical and diligent about allowing the customer to cancel their service. It’s this last bit where things sometimes break down, and which is why a large number of people choose not to use any kind of automated billpay, whether through their bank or by sharing credit card details. If the … more