Auctionbytes-NewsFlash, Number 469 - January 24, 2003 - ISSN 1539-5065
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c2it Online Payment Service Institutes Fees for Payment Senders
By Ina Steiner
AuctionBytes.com
c2it will institute fees for certain functions of its online payment service in mid-February. Previously it was free to use the service to send money domestically. Effective February 23, the company will charge 2% of the value of each transaction, with a 30-cent minimum. Since there is a limit of $500 a day on how much money can be sent, the maximum fee paid in one day by users will be $10 for using that feature. It is still free to "get cash" and "transfer cash," but will cost $3 to request a check. c2it will not change its fees for international transactions.
c2it also said members will no longer be able to add cash to their accounts from linked MasterCard or Visa credit or debit cards. Members will be able to "add cash" from their linked bank accounts. ("Send cash" transactions may still be funded by linked credit and debit cards.)
https://www.c2it.com/C2IT/FeesDisplayoff
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