the latest absurdity: CONVIENIENCE FEE - Page 2
Forum Mobility Networks : Verizon - the latest absurdity: CONVIENIENCE FEE
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Archived from groups: alt.cellular.verizon (More info?)
Alan wrote:
> ahh yes, of course. that explains it.
>
> using your logic. why bother having stores at all.
Can you not read? The previous poster said that revenue streams are
generated from creating new accounts. THAT is why the stores exist.
They also exist for the purpose of taking in defective or damaged phones
for service.
> yes I'm sure that extra step creates a total labor catastrophe in the retail
> locations.
Evidently so, since you appear incapable of doing this yourself.
> you can open an account, shop, buy, and activate cell phones ALL ONLINE
> TODAY.
Good! Then you can pay your bill online, too!
--
E-mail fudged to thwart spammers.
Transpose the c's and a's in my e-mail address to reply.
Archived from groups: alt.cellular.verizon (More info?)
--
I work for the ILEC ...." stuff happens! "
"Isaiah Beard" <sacredpoet@sacredpoet.com> wrote in message
news:117fdcplqfa7mb3@corp.supernews.com...
> Alan wrote:
>
>> In a VZW store;
>
>> -you open a new account with a human.
>
> Yes, human interaction here is highly justified because a person may have
> a question about the services, rate plans or phones being offered.
Or the credit-worthiness of the applicant (which speaks to the previous
response).....
> Generally the wireless carrier that can answer these questions
> reasonably well enough gets that new customer's business. So in effect,
> while it costs money to have someone sell you on a new account, that
> interaction assures
if the aforementioned CWN check is properly done, ALMOST assures...
> a revenue stream, and thus actually MAKES money for the company.
>
> When paying a bill however, there really isn't much to debate about.
> Customers generally won't have to ask questions about what the advantages
> of paying one way over another are, nor are they haggling about price.
> You just pay the bill. That's it! And it's a total waste of time for a CS
> rep who could be doing other things,
Not necc. true. Noone can verify the veracity of a check better than 2 eyes.
But I do agree if a credit card is involved, IPO a check.........
> when those processes can be handled self-serve.
>
>> -the human processes the new account into a computer.
>
> Correct, that's an extension of the above.
>
>> -you buy a phone from a human.
>
> Yet another extension of the above.
>
>> -the human processes the purchase into a computer.
>
> Yet ANOTHER extension of the above.
>
>> -the human then uses the computer terminal to activate your phone.
>
> This is all the same point, really, you're just dragging it out for your
> own melodramatic effect here.
Don't correlate a want to reply in-line with melodrama. Some feel it make
more sense to reply
in that manner...
>> Why is it so crazy to think that same human CANT ACCEPT PAYMENT FOR YOUR
>> ACCOUNT AND PUT INTO THE SAME COMPUTER?!
>
> Because in the time it takes to process your payment which can EASILY be
> done by any competent human being unassisted, that person COULD have been
> out selling another phone, account and service plan to a new customer.
> But instead, you're sitting there, insisting on having your hand held.
Thank You.. Let's not forget that "handholding" can cause lost time /
commisions..
>
>> c'mon.
>>
>> Its not about fees, profits, kiosks, etc.
>
> Yes it is.
>
>> ITS LOGIC.
>
Archived from groups: alt.cellular.verizon (More info?)
Philip R. Mann wrote:
> More importantly, cash is legal tender, 31 U.S.C. 5103.
> I don't think it'll take too long for a class action
> lawsuit against VZW.
On what grounds? VZW most certainly does accept cash at their stores.
It's the difference between putting your cash into a machine or having a
human take your money that differnetiates whether you get assessed the
fee or not.
--
E-mail fudged to thwart spammers.
Transpose the c's and a's in my e-mail address to reply.
Archived from groups: alt.cellular.verizon (More info?)
that so many of you argue with contorted logic for the rationale of the
retail stores and the fee itself is interesting.
if you accept a paying a fee just for paying your bill in person that's
fine. I have no problem paying the fee, but its absurd. if you all are ok
paying fees simply because you can rationalize them that's perfectly in
order. its not about using the mail, online billpay, or using a kiosk. just
because you don't ever pay it, that doesn't mean its not there.
frankly, I don't think the fee exists to discourage paying in stores; its
labeled exactly for what it is: A FEE. A revenue generator. Plain and
simple. Its VZWs prerogative to charge the fee, and up to us to decide to
pay it or not. but just because they can, does it mean they should?
using some of the logic in this thread, they could also charge you to pay
online (which they will very shortly). I wonder what some of you will say
when that day comes. Oh, wait, I know: IF YOU DON'T LIKE VERIZON, THEN
LEAVE. you will gladly pay that new fee too, applying newfound rationale for
it.
let me ask you this, what fee WOULD you consider to be absurd? or, can you
find a cost-cutting, profit-making, management efficiency-making, revenue
generating rationale for EACH AND EVERY FEE VZW charges?
its as if some of don't know there was a time in this country before an
internet. there was a time when the American business existed and thrived
without kiosks, ATMs and online billpay. yes they save money and create
higher profits; that's great too. that's the whole point of being in
business. I'm sure you all are the same people that are ok with these same
management efficiencies that create more revenue and make life so much more
'convenient' for us customers:
-voice mail.
-tech support via script (mostly outsourced overseas now).
-overseas medical diagnosis via telecomm
(this list could be very large so I'll stop here)
for a time at least, American business did pretty good without kiosks, ATMs
and online billpay. yes, its a new world now, and 'we compete globally', its
all about cost-cutting, etc, etc. but so many of the arguments overlook the
thesis of my original post: its absurd to charge your customers money to pay
their bills.
if you don't see the simple craziness in that, so be it. The lemming
mentality is exactly what corporate America counts on. For the most part,
its why the Sarbanes-Oxley Act exists today. Ask anyone IN corporate America
and they will tell you the S-O Act is a complete disaster for business
itself.
this fee is an example of why the phrase 'customer service' has become an
oxymoron in America.
I suppose if you own VZW stock its another story. the company cleared almost
2 billion in profits in Q1 2005. awesome. I'm all for it.
in general I like being a VZW customer. I am happy with them. the whole
point here was to call attention to an absurdity. the level of greed and
squeezing out every single nickel & dime possible. wringing out revenue in
every nook and cranny. some fees exist for good reason, and some are just
plain insanity.
if you cant perceive this simple idea, that's ok too. keep enjoying the
Kool-Aid.
"Isaiah Beard" <sacredpoet@sacredpoet.com> wrote in message
news:117fdcplqfa7mb3@corp.supernews.com...
> Alan wrote:
>
>> In a VZW store;
>
>> -you open a new account with a human.
>
> Yes, human interaction here is highly justified because a person may have
> a question about the services, rate plans or phones being offered.
> Generally the wireless carrier that can answer these questions reasonably
> well enough gets that new customer's business. So in effect, while it
> costs money to have someone sell you on a new account, that interaction
> assures a revenue stream, and thus actually MAKES money for the company.
>
> When paying a bill however, there really isn't much to debate about.
> Customers generally won't have to ask questions about what the advantages
> of paying one way over another are, nor are they haggling about price.
> You just pay the bill. That's it! And it's a total waste of time for a CS
> rep who could be doing other things, when those processes can be handled
> self-serve.
>
>> -the human processes the new account into a computer.
>
> Correct, that's an extension of the above.
>
>> -you buy a phone from a human.
>
> Yet another extension of the above.
>
>> -the human processes the purchase into a computer.
>
> Yet ANOTHER extension of the above.
>
>> -the human then uses the computer terminal to activate your phone.
>
> This is all the same point, really, you're just dragging it out for your
> own melodramatic effect here.
>
>> Why is it so crazy to think that same human CANT ACCEPT PAYMENT FOR YOUR
>> ACCOUNT AND PUT INTO THE SAME COMPUTER?!
>
> Because in the time it takes to process your payment which can EASILY be
> done by any competent human being unassisted, that person COULD have been
> out selling another phone, account and service plan to a new customer.
> But instead, you're sitting there, insisting on having your hand held.
>
>> c'mon.
>>
>> Its not about fees, profits, kiosks, etc.
>
> Yes it is.
>
>> ITS LOGIC.
>
> Oh, my mistake. I thought it was logical to assume that if someone can
> use a cell phone, then they have the mental capacity to use an automated
> payment machine.
>
>> I'm not a sheep. I'm a thinking man.
>
> GOOD! Then use that wonderful thinking capacity of yours and push some
> buttons, instead of having someone do it FOR you.
>
>> WHAT HAPPENED TO CRITICAL THINKING in this country?
>
> My thoughts, exactly.
>
>
>
> --
> E-mail fudged to thwart spammers.
> Transpose the c's and a's in my e-mail address to reply.
Archived from groups: alt.cellular.verizon (More info?)
Alan wrote on [Tue, 03 May 2005 20:05:13 GMT]:
>
> for a time at least, American business did pretty good without kiosks, ATMs
> and online billpay. yes, its a new world now, and 'we compete globally', its
> all about cost-cutting, etc, etc. but so many of the arguments overlook the
> thesis of my original post: its absurd to charge your customers money to pay
> their bills.
wah wah wah wah
go cry a river you whinging child. if you don't like the fee then DON'T
PAY IT, pay some other way. OR go to someone else who doesn't charge a
fee. It's THAT simple. I have never paid this fee because it's MORONIC
to pay a bill in person. There's NO NEED TO EVER PAY A BILL IN PERSON,
EVER. Put a check into an envelope, pay at a kiosk, pay online. These
are all simple things.
Archived from groups: alt.cellular.verizon (More info?)
It's your incessant whining that is the "latest absurdity". You are
swatting a fly with a five inch gun.....
Your irrational ranting over what is, in fact, a trifle is becoming more
than a little tedious.....
Fees charged for service are a fact of life in all businesses and reflect -
as you've been told repeatedly - an offset to the COSTS incurred by a
business to provide that service. This is, indeed, a "no brainer".....
Enough already - quit while you're behind....
PC
Alan wrote:
| that so many of you argue with contorted logic for the rationale of
| the retail stores and the fee itself is interesting.
|
| if you accept a paying a fee just for paying your bill in person
| that's fine. I have no problem paying the fee, but its absurd. if you
| all are ok paying fees simply because you can rationalize them that's
| perfectly in order. its not about using the mail, online billpay, or
| using a kiosk. just because you don't ever pay it, that doesn't mean
| its not there.
|
| frankly, I don't think the fee exists to discourage paying in stores;
| its labeled exactly for what it is: A FEE. A revenue generator. Plain
| and simple. Its VZWs prerogative to charge the fee, and up to us to
| decide to pay it or not. but just because they can, does it mean they
| should?
|
| using some of the logic in this thread, they could also charge you to
| pay online (which they will very shortly). I wonder what some of you
| will say when that day comes. Oh, wait, I know: IF YOU DON'T LIKE
| VERIZON, THEN LEAVE. you will gladly pay that new fee too, applying
| newfound rationale for it.
|
| let me ask you this, what fee WOULD you consider to be absurd? or,
| can you find a cost-cutting, profit-making, management
| efficiency-making, revenue generating rationale for EACH AND EVERY
| FEE VZW charges?
|
| its as if some of don't know there was a time in this country before
| an internet. there was a time when the American business existed and
| thrived without kiosks, ATMs and online billpay. yes they save money
| and create higher profits; that's great too. that's the whole point
| of being in business. I'm sure you all are the same people that are
| ok with these same management efficiencies that create more revenue
| and make life so much more 'convenient' for us customers:
|
| -voice mail.
| -tech support via script (mostly outsourced overseas now).
| -overseas medical diagnosis via telecomm
| (this list could be very large so I'll stop here)
|
| for a time at least, American business did pretty good without
| kiosks, ATMs and online billpay. yes, its a new world now, and 'we
| compete globally', its all about cost-cutting, etc, etc. but so many
| of the arguments overlook the thesis of my original post: its absurd
| to charge your customers money to pay their bills.
|
| if you don't see the simple craziness in that, so be it. The lemming
| mentality is exactly what corporate America counts on. For the most
| part, its why the Sarbanes-Oxley Act exists today. Ask anyone IN
| corporate America and they will tell you the S-O Act is a complete
| disaster for business itself.
|
| this fee is an example of why the phrase 'customer service' has
| become an oxymoron in America.
|
| I suppose if you own VZW stock its another story. the company cleared
| almost 2 billion in profits in Q1 2005. awesome. I'm all for it.
|
| in general I like being a VZW customer. I am happy with them. the
| whole point here was to call attention to an absurdity. the level of
| greed and squeezing out every single nickel & dime possible. wringing
| out revenue in every nook and cranny. some fees exist for good
| reason, and some are just plain insanity.
|
| if you cant perceive this simple idea, that's ok too. keep enjoying
| the Kool-Aid.
|
|
| "Isaiah Beard" <sacredpoet@sacredpoet.com> wrote in message
| news:117fdcplqfa7mb3@corp.supernews.com...
|| Alan wrote:
||
||| In a VZW store;
||
||| -you open a new account with a human.
||
|| Yes, human interaction here is highly justified because a person may
|| have a question about the services, rate plans or phones being
|| offered. Generally the wireless carrier that can answer these
|| questions reasonably well enough gets that new customer's business.
|| So in effect, while it costs money to have someone sell you on a new
|| account, that interaction assures a revenue stream, and thus
|| actually MAKES money for the company.
||
|| When paying a bill however, there really isn't much to debate about.
|| Customers generally won't have to ask questions about what the
|| advantages of paying one way over another are, nor are they haggling
|| about price. You just pay the bill. That's it! And it's a total
|| waste of time for a CS rep who could be doing other things, when
|| those processes can be handled self-serve.
||
||| -the human processes the new account into a computer.
||
|| Correct, that's an extension of the above.
||
||| -you buy a phone from a human.
||
|| Yet another extension of the above.
||
||| -the human processes the purchase into a computer.
||
|| Yet ANOTHER extension of the above.
||
||| -the human then uses the computer terminal to activate your phone.
||
|| This is all the same point, really, you're just dragging it out for
|| your own melodramatic effect here.
||
||| Why is it so crazy to think that same human CANT ACCEPT PAYMENT FOR
||| YOUR ACCOUNT AND PUT INTO THE SAME COMPUTER?!
||
|| Because in the time it takes to process your payment which can
|| EASILY be done by any competent human being unassisted, that person
|| COULD have been out selling another phone, account and service plan
|| to a new customer. But instead, you're sitting there, insisting on
|| having your hand held.
||
||| c'mon.
|||
||| Its not about fees, profits, kiosks, etc.
||
|| Yes it is.
||
||| ITS LOGIC.
||
|| Oh, my mistake. I thought it was logical to assume that if someone
|| can use a cell phone, then they have the mental capacity to use an
|| automated payment machine.
||
||| I'm not a sheep. I'm a thinking man.
||
|| GOOD! Then use that wonderful thinking capacity of yours and push
|| some buttons, instead of having someone do it FOR you.
||
||| WHAT HAPPENED TO CRITICAL THINKING in this country?
||
|| My thoughts, exactly.
||
||
||
|| --
|| E-mail fudged to thwart spammers.
|| Transpose the c's and a's in my e-mail address to reply.
Archived from groups: alt.cellular.verizon (More info?)
Alan wrote:
> that so many of you argue with contorted logic for the rationale of the
> retail stores and the fee itself is interesting.
Predictable. I asked you to listen and comment, and you just slam me instead.
> if you accept a paying a fee just for paying your bill in person that's
> fine. I have no problem paying the fee, but its absurd.
You're an idiot. If you think it's absurd, you OBVIOUSLY have a problem paying
the fee.
>if you all are ok
> paying fees simply because you can rationalize them that's perfectly in
> order. its not about using the mail, online billpay, or using a kiosk. just
> because you don't ever pay it, that doesn't mean its not there.
No one saying it's not there, Bunky. If it's such a big deal to you, perhaps
you should just terminate your contract, pay the ETF and be done with it.
--
JustThe.net - Apple Valley, CA - http://JustThe.net/ - 888.480.4NET (4638)
Steven J. Sobol, Geek In Charge / sjsobol@JustThe.net / PGP: 0xE3AE35ED
"The wisdom of a fool won't set you free"
--New Order, "Bizarre Love Triangle"
Archived from groups: alt.cellular.verizon (More info?)
Ok great...then let's all bend over and take it up the ass. Hey, like
before...some people just sit back and take it up the ass and get abused and
could care less...while some other's do some thing about it.
"Steve Sobol" <sjsobol@JustThe.net> wrote in message
news
53nmd$u92$2@ratbert.glorb.com...
> Xman wrote:
>> What else do you expect from that fat corporate pig of Verizon Wireless?
>
> Uh, Sprint does the same thing.
>
> Sprint doesn't charge you if you pay in the store at the payment machine,
> only if you talk to a human to pay, and our VZW store here has a payment
> machine and I bet they have the same policy.
>
> Other companies have the same policy because it costs more for a person
> (who you're generally paying hourly) to take the payment, than for a
> computer to do it.
>
> So VZW isn't the only company that does this. Not saying that it makes it
> any more right or wrong...
>
>
> --
> JustThe.net - Apple Valley, CA - http://JustThe.net/ - 888.480.4NET (4638)
> Steven J. Sobol, Geek In Charge / sjsobol@JustThe.net / PGP: 0xE3AE35ED
>
> "The wisdom of a fool won't set you free"
> --New Order, "Bizarre Love Triangle"
Archived from groups: alt.cellular.verizon (More info?)
totally agree. thats the whole point of my original post.
well said.
"Xman" <xman@cdripper.com> wrote in message
news:117g4sih1k5naee@corp.supernews.com...
> Ok great...then let's all bend over and take it up the ass. Hey, like
> before...some people just sit back and take it up the ass and get abused
> and could care less...while some other's do some thing about it.
>
> "Steve Sobol" <sjsobol@JustThe.net> wrote in message
> news
53nmd$u92$2@ratbert.glorb.com...
>> Xman wrote:
>>> What else do you expect from that fat corporate pig of Verizon Wireless?
>>
>> Uh, Sprint does the same thing.
>>
>> Sprint doesn't charge you if you pay in the store at the payment machine,
>> only if you talk to a human to pay, and our VZW store here has a payment
>> machine and I bet they have the same policy.
>>
>> Other companies have the same policy because it costs more for a person
>> (who you're generally paying hourly) to take the payment, than for a
>> computer to do it.
>>
>> So VZW isn't the only company that does this. Not saying that it makes it
>> any more right or wrong...
>>
>>
>> --
>> JustThe.net - Apple Valley, CA - http://JustThe.net/ - 888.480.4NET
>> (4638)
>> Steven J. Sobol, Geek In Charge / sjsobol@JustThe.net / PGP: 0xE3AE35ED
>>
>> "The wisdom of a fool won't set you free"
>> --New Order, "Bizarre Love Triangle"
>
>
Archived from groups: alt.cellular.verizon (More info?)
Higher profits is the name of the game. Hiring a person to collect
payments costs more than the other methods. So to maximize profits, you
use the other methods and discourage or plain stop using the higher cost
method. An excellent method of discouragement is to charge a fee of
partially offset the added expense. In my opinion they could and should
charge $10 or more to take a payment by a clerk.
Archived from groups: alt.cellular.verizon (More info?)
But now that there are more economical ways to do it, still using the
expensive way and not charging a fee to partially recover the cost is
stupid, non profitable and angers shareholders.
Archived from groups: alt.cellular.verizon (More info?)
the store is already open.
the computer is already on.
the entire system is up and running.
the person is already in the store, operating said computer.
its not a 'special' accommodation. hourly wage, IT processing costs, etc.
all stay the same. there's no 'incremental cost'. do employees get paid
slightly less when a customer calls on the phone with a question as opposed
to appearing in person?
it used to be a service.
now its a service with a fee. it was only made a service with a fee very
recently.
its a new revenue generator to enhance higher profits.
isn't that obvious?
I will ask again: WHAT KIND FEE *WOULD* YOU THINK WAS ABSURD?
I know higher profits are the holy grail and I agree thats the whole point
of business. I'm not questioning that.
"Jerome Zelinske" <jeromez1@earthlink.net> wrote in message
news:WZVde.6407$BE3.4532@newsread2.news.pas.earthlink.net...
> Higher profits is the name of the game. Hiring a person to collect
> payments costs more than the other methods. So to maximize profits, you
> use the other methods and discourage or plain stop using the higher cost
> method. An excellent method of discouragement is to charge a fee of
> partially offset the added expense. In my opinion they could and should
> charge $10 or more to take a payment by a clerk.
Archived from groups: alt.cellular.verizon (More info?)
Xman wrote:
> Ok great...then let's all bend over and take it up the ass.
Whatever makes you happy. I'm not one to judge another man's sexual
preferences; not even yours.
BTW, No one is forcing anyone to pay at the store.
--
JustThe.net - Apple Valley, CA - http://JustThe.net/ - 888.480.4NET (4638)
Steven J. Sobol, Geek In Charge / sjsobol@JustThe.net / PGP: 0xE3AE35ED
"The wisdom of a fool won't set you free"
--New Order, "Bizarre Love Triangle"
Archived from groups: alt.cellular.verizon (More info?)
Alan wrote:
> what a supreme myopic iditot you are.
This from the person that says "I don't have a problem with the policy" and
then says it's absurd.
--
JustThe.net - Apple Valley, CA - http://JustThe.net/ - 888.480.4NET (4638)
Steven J. Sobol, Geek In Charge / sjsobol@JustThe.net / PGP: 0xE3AE35ED
"The wisdom of a fool won't set you free"
--New Order, "Bizarre Love Triangle"
Archived from groups: alt.cellular.verizon (More info?)
Steve Sobol wrote:
| Alan wrote:
|
|| what a supreme myopic iditot you are.
|
| This from the person that says "I don't have a problem with the
| policy" and then says it's absurd.
......
PC
Archived from groups: alt.cellular.verizon (More info?)
"Alan" <test@test.com> wrote in message
news:WlWde.1809$5o2.162@newssvr13.news.prodigy.com...
> the store is already open.
> the computer is already on.
> the entire system is up and running.
> the person is already in the store, operating said computer.
>
> its not a 'special' accommodation. hourly wage, IT processing costs, etc.
> all stay the same. there's no 'incremental cost'. do employees get paid
> slightly less when a customer calls on the phone with a question as
opposed
> to appearing in person?
The employee at the computer is paid to sell phones, not collect on bills.
Any time spent taking payments is time that is taken away from selling
phones, which has a bigger impact on the bottom line than collecting on a
due bill- that money is already guaranteed.
>
> it used to be a service.
It still is.
>
> now its a service with a fee. it was only made a service with a fee very
> recently.
Nobody is denying that.
>
> its a new revenue generator to enhance higher profits.
No- its a way to make people use other methods of payment.
>
> isn't that obvious?
Yes, my point was obvious.
>
> I will ask again: WHAT KIND FEE *WOULD* YOU THINK WAS ABSURD?
>
Archived from groups: alt.cellular.verizon (More info?)
SS wrote on [Tue, 3 May 2005 22:31:17 -0600]:
>
> "Alan" <test@test.com> wrote in message
> news:WlWde.1809$5o2.162@newssvr13.news.prodigy.com...
>> isn't that obvious?
>
> Yes, my point was obvious.
>
"Alan" is an idiot and is just looking for more to complain about,
obviously he doesn't care that he is looking more and more stupid as he
continues to post.
Archived from groups: alt.cellular.verizon (More info?)
I'm not running for student council president. There aren't terms for
discussion and debate here.
The lemmings really make me laugh. Will you pay every fee VZW charges,
gladly, without question, just because they're 'profitable' for Verizon?
It's not a complaint. The original post was intended to draw attention to an
absurd fee. If you don't find it absurd, so be it. I'm not seeking approval,
validation or even agreement.
Its a newsgroup.
"Justin" <nospam@insightbb.com> wrote in message
news:slrnd7gne3.h26.nospam@debian.dns2go.com...
> SS wrote on [Tue, 3 May 2005 22:31:17 -0600]:
>>
>> "Alan" <test@test.com> wrote in message
>> news:WlWde.1809$5o2.162@newssvr13.news.prodigy.com...
>>> isn't that obvious?
>>
>> Yes, my point was obvious.
>>
>
> "Alan" is an idiot and is just looking for more to complain about,
> obviously he doesn't care that he is looking more and more stupid as he
> continues to post.
Archived from groups: alt.cellular.verizon (More info?)
On Mon, 02 May 2005 22:30:22 -0700, Steve Sobol wrote:
>> Accrual accounting makes provision for a reserve for bad debts which reduces profits.
>
>So what? From what I understand from speaking to some VZW employees who handle
>AR, being written off as a bad debt is not really an issue until you're WAY
>past due.
You obviously don't understand the accounting concept of a reserve which is an adjustment made by the accountants at the end of a period.
>> And I would guess (I am not an accountant) that a company that has many of its customers
>>in the habit of paying monthly bill ASAP in person has a lesser reserve
>
>And how exactly does that change what I described? If you're using accrual,
>regardless of how much you have in reserve for writeoffs (which has nothing to
>do with accounting and everything to do with proper budgeting), you've already
>booked the income as income.
And adjustments to the reserve is a debit to income.
Take a look at a public company's balance sheet (at least one that has accounts receivable).
Under Assets you'll find;
Accounts Receivable XXXXX
less: Reserve (YYYY)
Net Receivable zzzzzz
or something similar. And if you look closely at the P&L, changes in the reserve appear there too. Having specialized in Bankruptcy Law, I can tell you that improved collectibility in accounts, which might reflect a differential of as little as 1% in the reserve, can make a big difference in the real world.
>> More importantly, cash is legal tender, 31 U.S.C. 5103. I don't think it'll take too
>>long for a class action lawsuit against VZW.
>
>Except that the issue isn't the payment method. Sprint PCS charges me if I pay
>a human, whether I use cash, a check or a credit card. Method of payment isn't
>the issue. I would have to believe it's the same with VZW, although I've not
>been a customer since last year so I wouldn't know for sure.
If VZW doesn't want human intervention, fine; but I don't think that the machines that they have accept currency (or checks). I think that nonintervention will end the first time a judge rule that the monthly bill was satisfied by leaving the money in the middle of the VZW store because VZW had no right to refuse a tender of the money and if others happened to take it that's VZW's problem.
Archived from groups: alt.cellular.verizon (More info?)
On Mon, 02 May 2005 23:50:56 -0400, The Ghost of General Lee wrote:
>>Accrual accounting makes provision for a reserve for bad debts which reduces profits.
>
>Yes, but it's after the fact. You must wait until you write off the
>debt as being uncollectable, then you may deduct it in the year you
>declare it uncollectable. And if one day you *do* collect something
>on it, you have to remember to declare it as income (again).
A reserve is set up each accounting period. The actual write-off is made against the reserve. Over time, if the writeoffs vary considerably from the amounts reserved, the reserves are adjusted resulting in a further profit or loss (and typically the reserve rate might also be adjusted).
But the fact is the $1 sale today does not result in a dollar profit on a P&L statement issued the next day because closing the books also requires an adjustment in the reserve.
Put simply, income is not the same thing as profits (though the two often incorrectly are treated as synonomous).
Archived from groups: alt.cellular.verizon (More info?)
On Tue, 03 May 2005 14:08:05 -0400, Isaiah Beard wrote:
>> More importantly, cash is legal tender, 31 U.S.C. 5103.
>> I don't think it'll take too long for a class action
> > lawsuit against VZW.
>
>On what grounds? VZW most certainly does accept cash at their stores.
>It's the difference between putting your cash into a machine or having a
>human take your money that differnetiates whether you get assessed the
>fee or not.
If I have to pay my bill PLUS $2 to pay by cash, then VZW is acting improperly because the tender of cash in the amount of my bill satisfies that obligation.
Archived from groups: alt.cellular.verizon (More info?)
good point. very.
"Philip R. Mann" <prmlaw@NOSPAMnyc.rr.com> wrote in message
news:cezynjalpeepbz.ifyld12.pminews@news.individual.net...
> On Tue, 03 May 2005 14:08:05 -0400, Isaiah Beard wrote:
>
>>> More importantly, cash is legal tender, 31 U.S.C. 5103.
>>> I don't think it'll take too long for a class action
>> > lawsuit against VZW.
>>
>>On what grounds? VZW most certainly does accept cash at their stores.
>>It's the difference between putting your cash into a machine or having a
>>human take your money that differnetiates whether you get assessed the
>>fee or not.
>
> If I have to pay my bill PLUS $2 to pay by cash, then VZW is acting
> improperly because the tender of cash in the amount of my bill satisfies
> that obligation.
>
>
Archived from groups: alt.cellular.verizon (More info?)
"Alan" <test@test.com> wrote in message
news:WlWde.1809$5o2.162@newssvr13.news.prodigy.com...
> the store is already open.
> the computer is already on.
> the entire system is up and running.
> the person is already in the store, operating said computer.
and the person like me, who has questions about signing up and came into the
store at his lunch hour can't get the questions answered because those same
csr's are busy taking in bill payments. I'm sure VZW would rather they were
signing up new accounts that will add to their income.
Archived from groups: alt.cellular.verizon (More info?)
You can pay by cash to the kiosk without the fee. Even if you are
paying by check, if you pay to a person, you are charged the fee. Yes
we are obliged to pay our bills, but verizon, like sbc here, is not
obliged to provide a person to pay to. There are several other ways to
pay.
Archived from groups: alt.cellular.verizon (More info?)
The person in the store is there primarily to make sales, what makes
money. Collecting payments does not make money. If they have to hire
more people to make sales because the ones they have are too busy taking
payments, that raises their expenses and lowers their profits. Or the
other way around, adding kiosks and letting customers pay by all the
other methods, lets them layoff, fire, not replace leaving workers.
Thereby reducing costs.
Archived from groups: alt.cellular.verizon (More info?)
If you find it absurd, so be it. You don't need to post about it. If
you were not trying to find approval, validation or agreement, why did
you post?
Archived from groups: alt.cellular.verizon (More info?)
this rationale makes me laugh.
collecting broken phones does not make them money either, yet they somehow
magically perform this same function in those SAME RETAIL LOCATIONS without
charging a special fee.
"Jerome Zelinske" <jeromez1@earthlink.net> wrote in message
news:Gi2ee.6588$BE3.5691@newsread2.news.pas.earthlink.net...
> The person in the store is there primarily to make sales, what makes
> money. Collecting payments does not make money. If they have to hire
> more people to make sales because the ones they have are too busy taking
> payments, that raises their expenses and lowers their profits. Or the
> other way around, adding kiosks and letting customers pay by all the other
> methods, lets them layoff, fire, not replace leaving workers. Thereby
> reducing costs.
Archived from groups: alt.cellular.verizon (More info?)
the last time i checked, there was no posting criterea for newsgroup
messages. nor is there a limit to speech either, absurd nothwithstanding.
just what do you think the point of these newsgroups are?
"Jerome Zelinske" <jeromez1@earthlink.net> wrote in message
news:3p2ee.6590$BE3.6190@newsread2.news.pas.earthlink.net...
> If you find it absurd, so be it. You don't need to post about it. If you
> were not trying to find approval, validation or agreement, why did you
> post?
Archived from groups: alt.cellular.verizon (More info?)
Alan wrote:
| I'm not running for student council president. There aren't terms for
| discussion and debate here.
|
| The lemmings really make me laugh. Will you pay every fee VZW charges,
| gladly, without question, just because they're 'profitable' for
| Verizon?
|
| It's not a complaint. The original post was intended to draw
| attention to an absurd fee. If you don't find it absurd, so be it.
| I'm not seeking approval, validation or even agreement.
It's good that you're not seeking approval, validation or agreement since
you surely aren't getting any......
Those who disagree with you aren't "lemmings" but rather just folks who
don't agree with you - and your incessant whining says more about you than
it does about those of us who grow weary at your meritless ranting.....
PC
Archived from groups: alt.cellular.verizon (More info?)
Alan wrote:
| the last time i checked, there was no posting criterea for newsgroup
| messages. nor is there a limit to speech either, absurd
| nothwithstanding.
|
| just what do you think the point of these newsgroups are?
Generally speaking, the point of these NGs is to exchange information and
discuss germane issues.....
You provide no information worthy of note and your "issue" is certainly not
germane....
You are, as you state, free to post whatever you want - just be prepared for
responses you might not like from those of us who are just as free as you
are to post whatever we want......
PC
Archived from groups: alt.cellular.verizon (More info?)
Alan wrote:
> that so many of you argue with contorted logic for the rationale of the
> retail stores and the fee itself is interesting.
Yes, it is. Could it perhaps mean that the reasoning behind it is
*gasp* logical? Or dare I say it... reasonable?
> if you accept a paying a fee just for paying your bill in person that's
> fine. I have no problem paying the fee, but its absurd.
The point is that there is absolutely no reason to pay your bill in
person. None! If you have questions about your bill, then that's a
different matter, and I would trust that VZW has the sense not to charge
for THAT. But the only reason anyone would insist upon in-person
payment is some warped sense of nostalgia.
> if you all are ok
> paying fees simply because you can rationalize them that's perfectly in
> order.
Actually, the whole point is that you don't HAVE to pay a fee. Use the
kiosk, pay online, or send a check in the mail, and you don't pay the fee.
> its not about using the mail, online billpay, or using a kiosk. just
> because you don't ever pay it, that doesn't mean its not there.
Please tell me how the above statement makes ANY sense at all.
> frankly, I don't think the fee exists to discourage paying in stores; its
> labeled exactly for what it is: A FEE. A revenue generator. Plain and
> simple. Its VZWs prerogative to charge the fee, and up to us to decide
> to pay it or not. but just because they can, does it mean they should?
>
Then maybe you should "protest" this fee by using payment methods that
don't generate the fee, thereby depriving VZW of their revenue.
> using some of the logic in this thread, they could also charge you to pay
> online (which they will very shortly).
Do you have evidence that they will? Show us. Until then, you're just
making yourself out to be paranoid, and making outrageous claims to
bolster your side of an argument you've already lost.
> I wonder what some of you will say
> when that day comes. Oh, wait, I know: IF YOU DON'T LIKE VERIZON, THEN
> LEAVE.
Well, yeah pretty much. At present there IS competition among cellular
carriers; may as well take advantage of it while it stil exists.
> its as if some of don't know there was a time in this country before an
> internet.
*cue melodramatic patriotic music*
> there was a time when the American business existed and thrived
> without kiosks, ATMs and online billpay. yes they save money and create
> higher profits; that's great too.
Tell you what, Alan. There used to be a time in America when cell
phones didn't exist either. If YOU give up your cell phone and internet
connection, then I promise to fully respect your argument that we should
preserve outdated, labor-intensive methods of processing payments just
for the sake of preserving them. Deal?
--
E-mail fudged to thwart spammers.
Transpose the c's and a's in my e-mail address to reply.
Archived from groups: alt.cellular.verizon (More info?)
Alan wrote:
> the store is already open.
> the computer is already on.
> the entire system is up and running.
> the person is already in the store, operating said computer.
Yes, and then he has to sit there and deal with YOU and your pedantic
rants, while a line forms for paotential new customers who would like to
start up service. HIS time is being taken up by YOU when it does not
have to be.
--
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Transpose the c's and a's in my e-mail address to reply.
Archived from groups: alt.cellular.verizon (More info?)
Alan wrote:
> I'm not running for student council president. There aren't terms for
> discussion and debate here.
>
> The lemmings really make me laugh. Will you pay every fee VZW charges,
> gladly, without question, just because they're 'profitable' for Verizon?
Once again: *we* don't pay those fees. In fact, *we* have better things
to do with our lives than pester a Verizon sales rep. *We* use the
online payment system, or pay by mail, or by phone, or by kiosk. And
it's free. Fancy that.
--
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Transpose the c's and a's in my e-mail address to reply.
Archived from groups: alt.cellular.verizon (More info?)
Alan wrote:
> this rationale makes me laugh.
Yes, your rationale IS pretty funny.
> collecting broken phones does not make them money either,
On the contrary. A customer with a broken phone isn't generating
revenue. Therefore it's in Verizon's best interests to make csrs
available to swap out phones under warranty or sell new phones.
Of course, if a better method is developed for swapping out phones that
doesn't require a CSR, then I'm sure Verizon would implement it. And if
it saves customers a trip to the store, then I'm all for it.
--
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Archived from groups: alt.cellular.verizon (More info?)
Philip R. Mann wrote:
> On Tue, 03 May 2005 14:08:05 -0400, Isaiah Beard wrote:
>
>
>>>More importantly, cash is legal tender, 31 U.S.C. 5103.
>>>I don't think it'll take too long for a class action
>>>lawsuit against VZW.
>>
>>On what grounds? VZW most certainly does accept cash at their stores.
>>It's the difference between putting your cash into a machine or having a
>>human take your money that differnetiates whether you get assessed the
>>fee or not.
>
>
> If I have to pay my bill PLUS $2 to pay by cash,
The kiosks that I've seen accept cash. You should NOT need to see a CSR
to pay by cash, tehrefore no $2 fee. Read more carefully next time.
--
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Transpose the c's and a's in my e-mail address to reply.
Archived from groups: alt.cellular.verizon (More info?)
On Wed, 04 May 2005 05:28:21 -0400 (EDT), "Philip R. Mann"
<prmlaw@NOSPAMnyc.rr.com> wrote:
>On Mon, 02 May 2005 23:50:56 -0400, The Ghost of General Lee wrote:
>
>>>Accrual accounting makes provision for a reserve for bad debts which reduces profits.
>>
>>Yes, but it's after the fact. You must wait until you write off the
>>debt as being uncollectable, then you may deduct it in the year you
>>declare it uncollectable. And if one day you *do* collect something
>>on it, you have to remember to declare it as income (again).
>
>A reserve is set up each accounting period. The actual write-off is
>made against the reserve. Over time, if the writeoffs vary considerably
>from the amounts reserved, the reserves are adjusted resulting in a
>further profit or loss (and typically the reserve rate might also be adjusted).
Yeah, this 'reserve' is their retained earnings. But that still has
nothing to do with this debate, nor does it dispute my statement.
>
>But the fact is the $1 sale today does not result in a dollar profit
>on a P&L statement issued the next day because closing the books
>also requires an adjustment in the reserve.
Why are you hung up on this irrelevant issue?
>Put simply, income is not the same thing as profits (though the two
>often incorrectly are treated as synonomous).
Funny, I never mentioned the word 'profit'. Why even bring this up to
me?
Archived from groups: alt.cellular.verizon (More info?)
Philip R. Mann wrote:
> You obviously don't understand the accounting concept of a reserve which is an adjustment made by the accountants at the end of a period.
One point to Mr. Mann.
Don't understand? Maybe, maybe not, it's not a
principle I use on a regular basis, so either you're correct, or it's just
something I learned about in one of my classes long ago and forgot.
>>>More importantly, cash is legal tender, 31 U.S.C. 5103. I don't think it'll take too
>>>long for a class action lawsuit against VZW.
>>
>>Except that the issue isn't the payment method. Sprint PCS charges me if I pay
>>a human, whether I use cash, a check or a credit card. Method of payment isn't
>>the issue. I would have to believe it's the same with VZW, although I've not
>>been a customer since last year so I wouldn't know for sure.
>
>
> If VZW doesn't want human intervention, fine; but I don't think that the machines that
>they have accept currency (or checks).
I believe they do. At least, I'm sure the one in Victorville, CA (my local
store) handles both. I know we used to make check payments at that machine. I
think we even made one or two cash payments.
>VZW had no right to refuse a tender of the money and if others happened to take it that's VZW's problem.
Doesn't "a tender of the money" imply that the money was actually given to a
person or a machine for the purpose of making payment? (Deferring to your
expertise here)
--
JustThe.net - Apple Valley, CA - http://JustThe.net/ - 888.480.4NET (4638)
Steven J. Sobol, Geek In Charge / sjsobol@JustThe.net / PGP: 0xE3AE35ED
"The wisdom of a fool won't set you free"
--New Order, "Bizarre Love Triangle"
Archived from groups: alt.cellular.verizon (More info?)
Philip R. Mann wrote:
> If I have to pay my bill PLUS $2 to pay by cash, then VZW is acting improperly
If that's true, why haven't payment fees levied by VZW as well as other
companies inside and outside the cellular industry been challenged in court?
--
JustThe.net - Apple Valley, CA - http://JustThe.net/ - 888.480.4NET (4638)
Steven J. Sobol, Geek In Charge / sjsobol@JustThe.net / PGP: 0xE3AE35ED
"The wisdom of a fool won't set you free"
--New Order, "Bizarre Love Triangle"
Archived from groups: alt.cellular.verizon (More info?)
Alan wrote:
> the last time i checked, there was no posting criterea for newsgroup
> messages. nor is there a limit to speech either, absurd nothwithstanding.
Sure there is. You have to abide by the rules of your ISP and the company
providing Usenet connectivity to you (they may or may not be the same company).
....which is not to say you're breaking those rules, just that in spite of your
opinion, they do exist.
Many newsgroups also have charters which are supposed to be followed (and most
newsgroup providers/isp's have clauses in their Terms of Service that you must
adhere to those charters).
--
JustThe.net - Apple Valley, CA - http://JustThe.net/ - 888.480.4NET (4638)
Steven J. Sobol, Geek In Charge / sjsobol@JustThe.net / PGP: 0xE3AE35ED
"The wisdom of a fool won't set you free"
--New Order, "Bizarre Love Triangle"
Archived from groups: alt.cellular.verizon (More info?)
I agree with Alan and I should know because I have an MBA (finance
concentration) along with an accounting degree. We charge fees because
it boosts the bottom line and most of our customers won't leave (I won't
say who I work for).
In this case, VZW has to pay the hourly wage REGARDLESS of whether
anyone pays a bill with a cs rep or not so that argument as well as all
the useless drivel about accounting methods is irrelevant. It isn't a
deterrent, it's just an easy way to boost rev. Heck, if, say, 100,000
people a month pay in person that is $200,000 a month-or $2.4 million,
per year in basically free money. No other cost is incurred because,
again, the hourly worker is essentially a sunk cost (that is, once the
committment is made to have them work for the day, a cost will be
incurred every minute whether 100 people show up or zero people show
up). Of course, some people here, and a lot of companies, don’t really
know what is a cost/cost-driver because there is a disconnect between
things that actually drive revenue/cost and things that only look like
they drive revenue/cost.
And yeah, you CAN expect internet payments to cost a fee eventually
because some bright MBA will figure out that people like the conveniece
and because VZW, Cingular, etc can basically charge a fee for any method
of payment and many of the people will argue things like “if you don’t
like the fee mail it in” or “don’t get a cell phone.”
In fact, the stupidity of such arguments amazes me. Some people will
defend what they see as capitalism, even when it IS really just GREED,
to THEIR last dollar. Yes when ALL methods of payments include some
kind of fee those fools will still be claiming the company is only
doing it because they HAVE to cut cost to survive.
One more thing, CASH is all that matters. The rest of accounting is
mostly nonsense, hence AOL used non-existent "money" or "value" to buy
something real: Time-Warner. Retained earnings, net profit etc are
just accounting terms based on accounting rules. At the end of the
day, that company better have cash or a large credit line. Net profits
and retained earnings DO NOT PAY BILLS.
--
cfj03
------------------------------------------------------------------------
Cell Phone Forums: http://cellphoneforums.net
View this thread: http://cellphoneforums.net/t174353.html
Archived from groups: alt.cellular.verizon (More info?)
cfj03 wrote:
> In this case, VZW has to pay the hourly wage REGARDLESS of whether
> anyone pays a bill
I don't think anyone is arguing that point. (If they are, they're stupid. :> )
My question is, especially at the stores that tend to have lots of traffic, do
you think that the cost of a lost sale is $0 when an annoyed customer leaves
because he has just been standing in the store for a half hour?
You do understand the principle of opportunity cost, right?
--
JustThe.net - Apple Valley, CA - http://JustThe.net/ - 888.480.4NET (4638)
Steven J. Sobol, Geek In Charge / sjsobol@JustThe.net / PGP: 0xE3AE35ED
"The wisdom of a fool won't set you free"
--New Order, "Bizarre Love Triangle"
Archived from groups: alt.cellular.verizon (More info?)
Bend over Steve...support Verizon's ridiculous fee's to pay a bill. Just
because YOU don't pay a bill a certain way doesn't mean you have to bend
over and agree with fat mouth greed. Stand up for once in your life and make
some waves, will ya.
"Steve Sobol" <sjsobol@JustThe.net> wrote in message
news
59ffd$u88$4@ratbert.glorb.com...
> Xman wrote:
>> Ok great...then let's all bend over and take it up the ass.
>
> Whatever makes you happy. I'm not one to judge another man's sexual
> preferences; not even yours.
>
> BTW, No one is forcing anyone to pay at the store.
>
> --
> JustThe.net - Apple Valley, CA - http://JustThe.net/ - 888.480.4NET (4638)
> Steven J. Sobol, Geek In Charge / sjsobol@JustThe.net / PGP: 0xE3AE35ED
>
> "The wisdom of a fool won't set you free"
> --New Order, "Bizarre Love Triangle"
Archived from groups: alt.cellular.verizon (More info?)
"Alan" <test@test.com> wrote in message
news:vn_de.2060$5o2.1544@newssvr13.news.prodigy.com...
> I'm not running for student council president. There aren't terms for
> discussion and debate here.
>
> The lemmings really make me laugh.
And the argumentative buffoons make me laugh.
>Will you pay every fee VZW charges,
> gladly, without question, just because they're 'profitable' for Verizon?
No need to pay the fee, unless you are a moron, lazy or technologically
challenged (at around a first grade level).
>
> It's not a complaint. The original post was intended to draw attention to
an
> absurd fee.
It only becomes absurd if it applies to all forms of payment. It doesn't,
so it isn't. It isn't even meant to directly increase revenue, although it
is intended to lower costs.
>If you don't find it absurd, so be it. I'm not seeking approval,
> validation or even agreement.
Than what are you seeking?
>
> Its a newsgroup.
>
>
Archived from groups: alt.cellular.verizon (More info?)
"Alan" <test@test.com> wrote in message
news:Cz2ee.2085$5o2.1480@newssvr13.news.prodigy.com...
> the last time i checked, there was no posting criterea for newsgroup
> messages. nor is there a limit to speech either, absurd nothwithstanding.
Apparently no limit on acting like a childish moron, either. Your response,
which is certainly not the first one to voice that rather childish approach,
serves no purpose and proves that you don't know the true answer to your
next question.
>
> just what do you think the point of these newsgroups are?
>
Certainly not for children to try to act like adults, and vice cersa.
Archived from groups: alt.cellular.verizon (More info?)
"cfj03" <cfj03.1oj2uz@nospam.cellphoneforums.net> wrote in message
news:cfj03.1oj2uz@nospam.cellphoneforums.net...
>
> I agree with Alan and I should know because I have an MBA (finance
> concentration) along with an accounting degree. We charge fees because
> it boosts the bottom line and most of our customers won't leave (I won't
> say who I work for).
Funny- in my MBA program, we learned how to use fees to curb costly customer
behaviors. Notice that the fee only applies to one particualr situation,
not every payment that requires an employee to process it.
>
> In this case, VZW has to pay the hourly wage REGARDLESS of whether
> anyone pays a bill with a cs rep or not so that argument as well as all
> the useless drivel about accounting methods is irrelevant. It isn't a
> deterrent, it's just an easy way to boost rev.
Again- go back to school. The customer is given two options at the store-
use the payment kiosk and pay no fee or go to the counter and pay a fee. If
it were intended as a revenue boost, they would have applied it to the kiosk
or removed the kiosks to force payment at the counter.
> Heck, if, say, 100,000
> people a month pay in person that is $200,000 a month-or $2.4 million,
> per year in basically free money. No other cost is incurred because,
> again, the hourly worker is essentially a sunk cost (that is, once the
> committment is made to have them work for the day, a cost will be
> incurred every minute whether 100 people show up or zero people show
> up). Of course, some people here, and a lot of companies, don't really
> know what is a cost/cost-driver because there is a disconnect between
> things that actually drive revenue/cost and things that only look like
> they drive revenue/cost.
But those of us that work in the industry DO understand the difference. If
you work in the industry and don't see the deterrent factor in this fee or
the inefficiency of paying people to generate revenue and waste time not
doing that, then I would guess that your unnamed company might
be.......ATTW?
>
> And yeah, you CAN expect internet payments to cost a fee eventually
> because some bright MBA will figure out that people like the conveniece
> and because VZW, Cingular, etc can basically charge a fee for any method
> of payment and many of the people will argue things like "if you don't
> like the fee mail it in" or "don't get a cell phone."
Nope- any payment not requiring human intervention by the company will not
carry a fee, as that is the most cost-effective way to collect money (even
with the associated transaction fees).
>
> In fact, the stupidity of such arguments amazes me. Some people will
> defend what they see as capitalism, even when it IS really just GREED,
> to THEIR last dollar.
But this is not greed- the limited scope of the fee clearly indicates that.
>Yes when ALL methods of payments include some
> kind of fee those fools will still be claiming the company is only
> doing it because they HAVE to cut cost to survive.
There is no evidence this will occur, and there is no precendent of any kind
to show that any company would walk down that path. A baseless and very
inaccurate claim.
>
> One more thing, CASH is all that matters. The rest of accounting is
> mostly nonsense, hence AOL used non-existent "money" or "value" to buy
> something real: Time-Warner. Retained earnings, net profit etc are
> just accounting terms based on accounting rules. At the end of the
> day, that company better have cash or a large credit line. Net profits
> and retained earnings DO NOT PAY BILLS.
And your point is......?
Archived from groups: alt.cellular.verizon (More info?)
They pay the hourly wage primarily for the person to sell phones. If
they also have to pay hourly wages to add enough people to cover the
bill payers, that is an added expense that should be avoided/curtailed.
Charging a fee to partially offset that expense is justified.
Archived from groups: alt.cellular.verizon (More info?)
"Again- go back to school. The customer is given two options at the
store-
use the payment kiosk and pay no fee or go to the counter and pay a
fee. If
it were intended as a revenue boost, they would have applied it to the
kiosk
or removed the kiosks to force payment at the counter."
Because they haven't done it yet means nothing. It didn't used to cost
anything to use an ATM (whether your bank or not) but now BOTH banks
charge(yours and the ATM owner). Is that a deterrent too? I thought
teller fees were to force people to use ATM machines, and if the
problem is non-customers, why do BOTH banks charge(again, your bank and
the ATM owner)? To force you to use your own bank's ATM I guess
(rrriiigghhtt). It is the EXTRA CASH. Just like the bounced check fee
which is some 5-10 higher than the actual cost and in the case of
multiple checks say, many small ones and one large one, the bank will
pay the large one first to collect as many OD charges as possible.
Different industry, same concept. Charge what you can because you
can.
"There is no evidence this will occur, and there is no precendent of
any kind
to show that any company would walk down that path. A baseless and
very
inaccurate claim."
Well, until someone actually does it there will NEVER BE ANY EVIDENCE!
What do you even mean by that statement? Do you believe VZW, or anyone
else for that matter, is going to send out memo's before they start
charging? I know companies now that charge you FOR RECEIVING A BILL.
Isn't that part of the NATURAL cost of selling a product or service?
And is it not a fact that a business will incur expenses because THAT
is part of the deal? If a company charges for a paper bill, as IF
everyone has a computer with internet access, they will eventually
charge for any payment method.
"And your point is......?"
My point was you can save all that nonsense about revenue recognition
and when it is earned and blah blah blah. WHEN THE CUSTOMER PAYS
THEIR BILL, THE COMPANY RECEIVES THE CASH. If the customer does not
pay, that accounting revenue is irrelevant. So for you to dismiss bill
payment, just because it is in person, as a burden is silly. But if you
actually owned a business you would find that you would be more than
happy to have customers actually PAY their bill. And finally, how long
does it take to pay a bill
Anyway, you are hopelessly in love with "business theory" and, as I
said, will believe any nonsense you are fed by corporations.
--
cfj03
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cfj03 wrote:
> And finally, how long does it take to pay a bill
Well, so far it has taken days to *talk* about paying
your bill. Not sure how long it will take once you
finally get around to it...
-Quick
Archived from groups: alt.cellular.verizon (More info?)
Quick Wrote:
> cfj03 wrote:
> > And finally, how long does it take to pay a bill
>
> Well, so far it has taken days to *talk* about paying
> your bill. Not sure how long it will take once you
> finally get around to it...
>
> -Quick
I'm with Cingular and I use free online bill payment through my bank or
go directly to the website to pay.
I just happen to agree that companies are trying to nickel-and-dime
customers. Bank One charges 2-3USD to cash a check drawn on them.
That cost should be covered by the client's -the checkwriter that is-
account fees or Bank One should stop accepting checking accounts
because the cost is obviously too much of a burden.
Again, different industry, same concept.
--
cfj03
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cfj03 wrote:
> Quick Wrote:
>
>>cfj03 wrote:
>>
>>>And finally, how long does it take to pay a bill
>>
>>Well, so far it has taken days to *talk* about paying
>>your bill. Not sure how long it will take once you
>>finally get around to it...
>>
>>-Quick
>
>
> I'm with Cingular and I use free online bill payment through my bank or
> go directly to the website to pay.
Amazingly enough, Verizon has a website where you can pay your bill, and they
don't charge you for the privilege. (*gasp*)
> customers. Bank One charges 2-3USD to cash a check drawn on them.
> That cost should be covered by the client's -the checkwriter that is-
> account fees or Bank One should stop accepting checking accounts
> because the cost is obviously too much of a burden.
Bull. I should not have to pay an extra $3 just because the guy I paid chose to
cash the check at the bank instead of depositing it at his own bank. If Bank
One is anything like every other bank in the US, they only charge people to
cash a Bank One check *if the payee does not currently have a deposit account
at Bank One.* Otherwise you can cash it for free.
Unless I'm missing something here... is Bank One charging its own customers to
cash checks drawn on Bank One accounts now?
--
JustThe.net - Apple Valley, CA - http://JustThe.net/ - 888.480.4NET (4638)
Steven J. Sobol, Geek In Charge / sjsobol@JustThe.net / PGP: 0xE3AE35ED
"The wisdom of a fool won't set you free"
--New Order, "Bizarre Love Triangle"
Archived from groups: alt.cellular.verizon (More info?)
"cfj03" <cfj03.1oklpy@nospam.cellphoneforums.net> wrote in message
news:cfj03.1oklpy@nospam.cellphoneforums.net...
>
> "Again- go back to school. The customer is given two options at the
> store-
> use the payment kiosk and pay no fee or go to the counter and pay a
> fee. If
> it were intended as a revenue boost, they would have applied it to the
> kiosk
> or removed the kiosks to force payment at the counter."
>
> Because they haven't done it yet means nothing. It didn't used to cost
> anything to use an ATM (whether your bank or not) but now BOTH banks
> charge(yours and the ATM owner). Is that a deterrent too? I thought
> teller fees were to force people to use ATM machines, and if the
> problem is non-customers, why do BOTH banks charge(again, your bank and
> the ATM owner)? To force you to use your own bank's ATM I guess
> (rrriiigghhtt).
My bank doesn't charge me to use their ATM, and they don't charge me if I
use another bank's ATM. The other bank might charge (depending on the
bank), but there are associated costs with going through the Federal Reserve
system to recover the funds. But you already knew that, being the smart,
educated guy you are.
>It is the EXTRA CASH. Just like the bounced check fee
> which is some 5-10 higher than the actual cost
but greatly outweighted by the amount of bad debt they write off to bounced
chacks that are not recovered on.
> and in the case of
> multiple checks say, many small ones and one large one, the bank will
> pay the large one first to collect as many OD charges as possible.
See my statement above.
> Different industry, same concept. Charge what you can because you
> can.
But your analogies don't apply to the suituation at hand. Banks work as a
network of seperate entites to allow financial transactions to occur from
one to another. You can't walk into a Cingular store to pay your Verizon
bill. And the bounced check fee is in direct response to the customer
violating the TOS for their bank account- their are no TOS issues in this
thread.
>
> "There is no evidence this will occur, and there is no precendent of
> any kind
> to show that any company would walk down that path. A baseless and
> very
> inaccurate claim."
>
> Well, until someone actually does it there will NEVER BE ANY EVIDENCE!
Do you buy your aluminum foil by the case?
> What do you even mean by that statement? Do you believe VZW, or anyone
> else for that matter, is going to send out memo's before they start
> charging?
I'd be pretty confident in saying that the likelihood is high of there being
a notice somewhere on customer's previous bills or a sign in the stores
indicating when the fee would take effect.
>I know companies now that charge you FOR RECEIVING A BILL.
Can you name a few? Maybe a half dozen?
> Isn't that part of the NATURAL cost of selling a product or service?
It used to be- times have changed (I knowit is a hard concept to grasp)>
> And is it not a fact that a business will incur expenses because THAT
> is part of the deal?
Only if you assume that it is a normal cost for that business to incur.
Many companies exist today that have never provided a paper bill as a
standard option to customers. Why can't other companies transition to that
business model?
> If a company charges for a paper bill, as IF
> everyone has a computer with internet access, they will eventually
> charge for any payment method.
Can you please point me to any independent study that says this? I ask,
because you are the only person to say with absolute certainty that this is
going to occur.
>
>
> "And your point is......?"
>
> My point was you can save all that nonsense about revenue recognition
> and when it is earned and blah blah blah. WHEN THE CUSTOMER PAYS
> THEIR BILL, THE COMPANY RECEIVES THE CASH. If the customer does not
> pay, that accounting revenue is irrelevant. So for you to dismiss bill
> payment, just because it is in person, as a burden is silly.
No its not. I've provided facts about associated costs that you choose to
ignore. And knowing that I have worked in the past in the financial area of
a company that processes millions of dollars in monthly payments (and having
to look at the cost efficiency of each payment option), I think I'm
comfortable with my level of knowledge here.
> But if you
> actually owned a business you would find that you would be more than
> happy to have customers actually PAY their bill.
I did own my own business for about 5 years. I received all my payments as
I requested.
> And finally, how long
> does it take to pay a bill
Long enough to lose a sales and the associated future revenue.
>
>
> Anyway, you are hopelessly in love with "business theory" and, as I
> said, will believe any nonsense you are fed by corporations.
Funny- in this entire thread, I have yet to see Verizon feed us any
nonsense. I guess that would mean that I formed my opinion based on
experience andfacts that you are obviously not in possession of. You are
dealing in hypotheticals and I am telling how it is in the real world. If
you choose to ignore it, then must believe any nonsense you are fed by the
anti-business coalition.
Do you clean the toilets where you work? You should if you don't- after
all, it needs to be done and you're already getting paid.
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