Tonight, I received a notice that Bancorp is killing the Intuit GoPayment Prepaid Visa debit card, effective February 13, 2013. It informs debit card users that they must charge their card down to $0.00 or face a $14.95 penalty fee for issuing a paper check.
I signed up for the Intuit GoPayment system to process some business transactions this year.
However, after I received the card reader device, but before I could even do a test transaction, I received an unsolicited GoPayment debit card. The default option on my account was to deposit any transactions directly onto the debit card.
I read the account terms, as well as the fees associated with the card. They, like most pre-paid debit cards, are horrible.
I never used the service, not once. I immediately deleted the app on my phone and put the card reader on the shelf.
I simply refuse to be nickeled and dimed with the horrendous fees.
I say good riddance.