1 edit | As per that $4.93/mo, that would be money in the bank for a Comcast or Sprint.
They would work out a plan to pay quarterly or yearly. That money would be collected, placed in investment instruments that mature in the requisite length of time, cashed out, the money paid, and the interest is a revenue stream.
It's called "playing the float". Your employer does the same thing with your FICA taxes. It's free money.
On edit: It just dawned on me that the charge on bills may well be more than $4.93. "Administrative Fees", you see. Oh yeah, big cash cow for a company like Comcast. $197mill, to them, is pocket lint. |
