SalisburySam wrote:AutoPay is, to me, a legal way to take the customer out of the recurring payment process; payments are automatically, consistently, and timely sucked out of a customer's deposit account without customer intervention. This benefits the customer as a convenience certainly, but really benefits the company for dependable income flows. Can be a win-win for sure, but it seems to me that the "win" is weighted more towards the company.
Exactly so. They benefit considerably by reducing the float.