Author Topic: ConEd considering allowing no-fee CC payments (Read 4041 times)

ExGingi · « **on:** August 22, 2019, 01:30:23 PM »

ConEd (NY Electric Utility) has an advisory community where they send polls and questionnaires.

Most recent poll had the following question:

In the future, if Con Edison were to provide an option for residential customers to pay their monthly bill using a credit/debit card with NO additional fees, how interested would you be?

theyankel · « **Reply #1 on:** August 22, 2019, 01:55:01 PM »

can you send link to poll?

Moshe123 · « **Reply #2 on:** August 22, 2019, 03:20:28 PM »

They don't charge for residential customers in their O&R division.

Something Fishy · « **Reply #3 on:** August 22, 2019, 04:36:09 PM »

Quote from: Moshe123 on August 22, 2019, 03:20:28 PM

They don't charge for residential customers in their O&R division.

Yup. Pretty recent development though.

ExGingi · « **Reply #4 on:** August 22, 2019, 04:54:08 PM »

Quote from: Moshe123 on August 22, 2019, 03:20:28 PM

They don't charge for residential customers in their O&R division.

O&R?

TimT · « **Reply #5 on:** August 22, 2019, 05:05:53 PM »

Quote from: ExGingi on August 22, 2019, 04:54:08 PM

O&R?

Orange & Rockland

iluv2travel · « **Reply #6 on:** August 23, 2019, 12:22:25 AM »

Quote from: TimT on August 22, 2019, 05:05:53 PM

Orange & Rockland

That doesn't concern all of us outside of that

.

Would be so cool if I can pay my electric bills by cc (especially the ones I get in the summer!).

shapsam · « **Reply #7 on:** August 23, 2019, 07:48:51 AM »

Quote from: Moshe123 on August 22, 2019, 03:20:28 PM

They don't charge for residential customers in their O&R division.

Can you overpay?

Pad18 · « **Reply #8 on:** August 24, 2019, 11:26:13 PM »

Quote from: shapsam on August 23, 2019, 07:48:51 AM

Can you overpay?

Coned method

David R · « **Reply #9 on:** August 24, 2019, 11:42:36 PM »

Quote from: shapsam on August 23, 2019, 07:48:51 AM

Can you overpay?

IME, yes. But that's more of a concern for when you do pay a fee, because it's a flat fee (for residential customers), so you want want the fee to be the lowest percent of your payment that it could be by paying as much as they allow.

theyankel · « **Reply #10 on:** August 27, 2019, 09:06:24 AM »

i just paid $3.35 for a $1000 transaction using amex. residential account. then i planned it with no fee. a few hundred was over payment

EliJelly · « **Reply #11 on:** August 27, 2019, 05:15:23 PM »

Quote from: theyankel on August 27, 2019, 09:06:24 AM

i just paid $3.35 for a $1000 transaction using amex. residential account. then i planned it with no fee. a few hundred was over payment

Is the rest being credited towards your next bill, or is a refund check being mailed to you?

ExGingi · « **Reply #12 on:** August 27, 2019, 06:09:52 PM »

Quote from: EliJelly on August 27, 2019, 05:15:23 PM

Is the rest being credited towards your next bill, or is a refund check being mailed to you?

It gets credited.

EliJelly · « **Reply #13 on:** August 27, 2019, 10:26:16 PM »

Quote from: ExGingi on August 27, 2019, 06:09:52 PM

It gets credited.

So no point of overpaying.

Yammer · « **Reply #14 on:** August 27, 2019, 10:35:52 PM »

Quote from: EliJelly on August 27, 2019, 10:26:16 PM

So no point of overpaying.

Unless you need it to hit spending

theyankel · « **Reply #15 on:** August 27, 2019, 10:49:56 PM »

Quote from: EliJelly on August 27, 2019, 05:15:23 PM

Is the rest being credited towards your next bill, or is a refund check being mailed to you?

i'll find out but i'm good either way... the cost was de minimus and insignificant given the $0 plan fee. i end up paying it over 24 so it was less than the actual bill

EliJelly · « **Reply #16 on:** August 27, 2019, 10:50:10 PM »

Quote from: Yammer on August 27, 2019, 10:35:52 PM

Unless you need it to hit spending

Correct. But we almost have become excited already for the new "coned method"..

theyankel · « **Reply #17 on:** August 27, 2019, 10:50:33 PM »

Quote from: Yammer on August 27, 2019, 10:35:52 PM

Unless you need it to hit spending

or have $0 plan it fee and it will end up being less each month for the duration

ckmk47 · « **Reply #18 on:** August 27, 2019, 11:32:57 PM »

Quote from: theyankel on August 27, 2019, 09:06:24 AM

i just paid $3.35 for a $1000 transaction using amex. residential account. then i planned it with no fee. a few hundred was over payment

Max payment they allow is $1500. Same $3.35 fee no matter what the payment. I always pay the max and they hold the excess as a credit for future bills. ( .22 % (.0022))

EliJelly · « **Reply #19 on:** August 27, 2019, 11:55:27 PM »

Quote from: ckmk47 on August 27, 2019, 11:32:57 PM

Max payment they allow is $1500. Same $3.35 fee no matter what the payment. I always pay the max and they hold the excess as a credit for future bills. ( .22 % (.0022))

What's the logic for lending money for so little margins??