: Check-o-matic? is there such a thing? Several insurance companies use a service called Check-o-matic , where they deduct from the users checking account. Has anyone seen a service like this? It
Several insurance companies use a service called Check-o-matic , where they deduct from the users checking account. Has anyone seen a service like this? It would be a competitor to paypal.
I know paypal with deduct from a checking, but they are looking for a specific service. I don't know if one exists, but all the insurance companies call it the same, Check-o-matic.
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The system you're taking about is called Direct Debit. There are quite a number of providers.
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