I hate bills. I don’t just hate paying them…I hate getting them. I hate writing checks. I hate licking stamps. I hate mailing payments back. It is just annoying. I also travel a ton, which makes managing timely payments challenging to say the least. The solution? I don’t pay my bills. I let Paytrust pay them for me.
I have been a Paytrust customer for about 8 years. I have no other relationship with them, I am writing this post simply because I love the service. It is the single service I don’t think I could live without. While most banks have the ability to do online payments they don’t do it like Paytrust. Paytrust takes care of all payments, including companies and services that don’t accept electronic funds transfers (EFTs).
How it Works:
When you signup for Paytrust they give you your own P.O. Box. You switch the billing address for all your bills to this new address. When a new bill comes in they scan it and send you an email alert. You can then login to Paytrust and make a payment or set it up to be paid automatically. Paytrust can do EFTs like your bank, but the cool thing is they will also mail a check to companies like your lawn service or doctor that don’t typically accept EFTs. You can view and download all your bills online and you can purchase a CD at the end of each year with all your records in PDF format. Between Paytrust and my ScanSnap my records are almost completely digital.
Paytrust lets you put all your bills on autopilot. It is well worth the $12.95 per month I pay for the time I save (not to mention the cost of stamps). I never miss a bill and I always pay my bills on time.
What does a paytrust debit look like in your bank account?
@Justin:
It looks just like a regular check. Paytrust basically prints a check for your bank account and puts your signature on it.