Removing Credit Card Fees Improves CSAT

Credit card fees are one of the most significant pain points for utility customers.  

Chartwell’s Billing & Payment Leadership Council has discussed the clear link between fee-free credit card payments and customer satisfaction, customer loyalty and the perception of ease of doing business.

In addition to overwhelming customer interest in fee-free card payments, those who currently pay their bill using a credit card without a fee felt 12% more loyal to their utility and 5% more satisfied.

Because of these clear links, many utilities are looking into options to reduce or remove the fees altogether.

According to Chartwell’s recent audit, 23% of the largest 146 utilities in the US and Canada have removed credit card fees for residential customers.

Many of these utilities are members of Chartwell’s Billing and Payment Leadership Council and benefit from sharing experiences and ideas during scheduled monthly discussions.

This month, the 30+ utility members of Chartwell’s Billing & Payment Leadership Council connected to go over new data on benchmarks for bill redesign,as well as engage in open-ending problem solving.  

Next month, utility members will meet to discuss eBill adoption, emerging billing and payment options and technologies, arrears management and more.   

Want to take part in the upcoming meeting?

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