I can see this trend turning into a nightmare.
People who are one day late will be cancled and then will have to start using this ripoff.
As this ripoff grows we’ll see the major credit card companies buying them out and start charging the same rates under another name.
People who are one day late will be cancled and then will have to start using this ripoff.
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Many credit card processors will hold back a percentage of their mail on a regular basis so that you will eventually be late and get the penalty rate.. The phone company I used to work at used to hold 2 rolling carts of mail bags back a full week each month... Pay online or get slammed with fees...