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Practical Money Matters Radio Series

July 29, 2013
The Ins and Outs of ePayments

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Discover the advantages of handling your transactions electronically – from saving money to saving yourself time.

Transcript

These days, most people perform many more transactions electronically – either by choice, or because companies and government agencies increasingly have made it mandatory.

ePayments do have many advantages:

  • They're cheaper. They save on the costs of printing, processing and mailing.
  • They're faster. Bill payments, funds transfers and direct deposits occur same day – often instantaneously.
  • They're convenient. You can choose one-time bill pay, where you review each transaction, or recurring bill pay.
  • They're safer. Old-fashioned mail theft remains a major problem.

As with any online activity, you must take precautions to protect your computer from being hacked – like using anti-virus software and secure websites.

Bottom line: EPayments can be cheaper, faster – and safer.


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