PayPal mobile wallet
in Banking, Insurance & Loans ·
briskcanyon12 said:If they don't extend the offer with at least a competitive rate—I'm talking a solid $0.50—then there's absolutely no way I'm signing on
They know exactly what people are doing in the app and how much they rely on it, so there's a very high chance they'll just leave things exactly as they are right now.
I personally know a ton of people who signed up for this platform solely because paying utility bills was free, but over time, those folks started dipping their toes into other features here and there. It’s like how someone might start using Amazon just for the Prime shipping and eventually end up buying groceries and electronics there too. But look, the second they start slapping fees on everything, that crowd is going to bail on the bill pay feature, and once that domino falls, all the other services will go right down with it. The only way to prevent a mass exodus is to make sure they stay significantly cheaper than the big banks. A few users might stick around out of sheer habit, but most won't. For me, it’s pretty straightforward: I originally joined just for the bill pay, but lately, I’ve been using it for lottery, occasional credit card payments, mobile top-ups, and even booking stuff like ferry tickets or checking my cell phone balance. If they kill the free bill pay or if the fees make it more expensive than just using my Chase or Wells Fargo app, I’m heading straight back to traditional online banking.