Sep 202009
 

I recently signed up for online billing with my American Express card — and I do almost all my day-to-day banking online — but I’m often loathe to do so.

This story in the New York Times gives some of the same reasons that I have: I worry about missing a bill, I don’t want to have to go to 50 websites for all my bills, and there’s just something reassuring about the tangibility of a paper bill.

I finally caved with American Express mostly to get rid of the annoying nag screens every time I went to check my balance online, but the Times story irks me so much, I might go and sign up for a paper bill again:

In August, T-Mobile got serious about paperless billing. It started charging a $1.50 monthly fee on all accounts that continued to receive a paper bill.

In the story, it’s said that T-Mobile will “only talk of trees to be saved, not dollars,” but they send out 16.5 million invoices a month, so multiply that by paper, envelopes and stamps, and you’re into the big bucks for sure. It’s a no-brainer for a company that wants to save money.

But charging your customers $1.50 for a service you promised them for free? Especially when it’s a bill?! No wonder there’s a backlash! (The Times story mentions a class-action lawsuit.)

So here’s a hint, to any companies looking to save money by going paperless:

We consumers know that you’re saving money. Pass those savings on to me! Give me a dollar off my bill, and I’ll switch to paperless in a flat-out instant.

Geez, it’s obvious.

Grant Hamilton

  • http://jillianfrye.blogspot.com Jillian Frye

    Interesting take on this. A lot of companies are offering some sort of discount for paperless billing customers, the problem is that it’s not enough to motivate the masses to turn off their paper bill. People are outraged that they have to pay for paper suddenly, yet paying less for electronic billing somehow seems less attractive. Don’t go back to paper though… even if they have financial goals to meet, they still are saving paper if they convert their customers to paper-free