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If you do this, be sure that the billing address for the credit card is correct, otherwise you will be charged a fee of 90% of the transaction. We have learned the hard way.
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Show me proof of this one. I've been on Chase/Helios EFT for almost two years now. I've had numerous clients change their address after the fact, and some only after I get a piece of direct mail returned with a FOE (Forwarding Order Expired), up to 18 months after they've moved.
By the way, Credit Cards do not check the complete billing address, only the cardholders Zip Code ;)
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And be awhere (sp. should be aware) that there is a three years (sp. year) contract with Chase.
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Yeah so ??? your cell phone probably came with either a 12 month (old) or a 24 month minimum contract also (new typical)
Either way you can buy out of the contract from Chase for $200-250, I forget the exact amount now, same with the cell phone deals.
Bottom line, it is SO much easier to deal with a one-stop operation for all EFT transactions, period.