How much does it cost for customers to use the EBPS payment service?
This service is for customer convenience. Customers pay absolutely nothing for the service. The only possibility of incurring any cost would be if when making a payment using an ACH debit to a customer bank account, that payment is returned for any reason. The most common reason for a return is Insufficient Funds (overdrawn bank account). Returns may incur fees similar to the amounts charged by banks for returned items. What happens if a customer bill is paid late through EBPS? EBPS issues payments on the date that customers specify. If a customer pays by electronic check or by credit card, the payment is entered on the date that the transaction is entered on the web site. If a customer has arranged for pre-authorized transactions on a specified date each month, the payments will be credited to a customer account with the vendor on that specific date each month. If the invoice is paid by sending in a paper check to the vendor, that paper check may be converted to an electronic payment.
