When they direct deposit, they give away the money right away. When they mail a check, some checks get lost, some people loose them or misplace them. Or wait a while to cash them. These are all extra money or time value of money to their bottom line.
An example. I found a CCBill check that has been sitting for 2 months last week, cashed it with other checks, but till i cash it they had that money. And if didnt find that check, they would have that money forever.
So, till we ask CCBill repeatedly about it, they wouldnt do it. It is beneficial to us but not to them.
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Originally Posted by tony404
I think if they do direct deposit they lose the float on the money. Thats the only reason why I can think they dont do it.
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