There is a service I use that doesn’t get enough credit. The service acts as your permanent billing address, bill payer, and bill minder. Anyone you receive a bill from you point to your PayTrust address. Then PayTrust ensures any invoices received get paid on time and reminds you if you haven’t paid a bill or received an expected statement. If they receive something which cannot be scanned such as a credit card, they forward it to your current mailing address.
Here’s what I like about it:
- Cheap! Only $9.95/mo.
- Multiple funding sources (e.g. any checking account you want to use such as your brokerage account or traditional bank checking account)
- Late bill reminders, if no statement received with-in N number of days of your last one.
- Permanent billing address (PO BOX 1819*****, SIOUX FALLS, SD, 57186) that doesn’t change when you move.
- Paperless. All mail gets scanned and is available on their site for viewing or download.
- View new or existing bills while out of town. I can go out of town for a month and not worry about anything.
- Integrates with Mint.com “Real Balance” so you can see what your available account balances are. Kind of basic, but still a good thing.
- Does both E-Bills and paper bills. E-bills is where it logs into the account and downloads the PDFs for you (go green!)
- Backed by Intuit & been around for more than 10 years, so it feels more legit than some small little startup.
- I get almost no advertisements in the mail as they all go to PayTrust and get shredded.
- 24 hour phone support and no wait times. It’s almost like a direct line into their offices.
- They research any payment issues such as payment not received or missing statements
- They don’t float your money. Money leaves your account the day the check clears, not a few days before like normal banks do with online bill pay.
- I use it as your billing address for “private” registration for DNS.
- I receive CD once a year with all my bills that I hold on to for safe-keeping and store in Evernote.
- Automatically pay statements with variable monthly amounts such as a gas bill (No bank offered Bill Pay service can do that!)
- Pay exactly what you want to pay. For example, pay off your monthly credit card bill so long as it is under your maximum threshold.
- No need to update 50 vendors with your new credit card the next time you lose it or it expires.
- No need to login to multiple sites to manage your automatic payment profiles. Manage them all on PayTrust.
* I received no credit or commission for this post.