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FEE-CREEP HITS INTERNET SERVICES.(Brief Article)

San Francisco Business Times

| November 09, 2001 | Calvey, Mark | COPYRIGHT 1987 San Francisco Business Times, Inc. (Hide copyright information)Copyright

Companies trying to offer new types of financial services over the Internet risk losing customers as a result of gradually escalating fees.

PayPal of Palo Alto recently announced that it will charge fees on all credit card payments received, eliminating its previous, rule of not charging for credit card payments of less than $100 per month.

Wells Fargo's Wells Sharebuilder stock-purchase service, offered in conjunction with Seattle's Netstock, boosted its monthly fee for unlimited stock purchases to $12 from $8 this month.

New. York rival Buyandhold.com also implemented two rapid hikes this year that pushed the monthly service fee to $14.99.

…

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