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Verizon to charge for online credit card payments

December 30, 2011

One of the largest telecommunications companies in the world made headlines recently after plans surfaced indicating it would begin charging consumers for using credit cards either on the phone or online.

One of the largest telecommunications companies in the world made headlines recently after plans surfaced indicating it would begin charging consumers for using credit cards either on the phone or online.

In a leaked memo obtained by Engadet, Verizon Wireless stated that it would begin charging customers $2 each month for using the system. Consumers will be able to avoid the online credit card fee by signing up for AutoPay or by electronic check.

In a press release following the leak, the company defended its actions saying that it was simply passing on fees related to the merchant services transaction.

“The fee will help allow us to continue to support these single bill payment options in these channels and is designed to address costs incurred by us for only those customers who choose to make single bill payments in alternate payment channels (online, mobile, telephone),” Verizon stated in a subsequent press release.

Verizon has made other payment processing news recently when it announced that it would not allow Google Wallet technology to be placed on the Samsung Galaxy Nexus phone.

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