articles link to it . please introduce links to this page from related articles ; try the find link tool for suggestions . february 2009 chargesmart llc type private industry personal finance software consumer internet credit cards mortgage online payments founded 2008 headquarters san francisco california key people philip mikal coo mitch friedman co founder products credit card funded bill payment services revenue n a website chargesmart.com chargesmart is a web based e commerce business allowing credit card funded bill payments to be made through the internet . chargesmart serves as an alternative payment channel for companies in the mortgage auto student and utility industries that do not want to directly offer credit card payment as an option to their customers . chargesmart has garnered media coverage from a number of blogs and media outlets such as business week 1 the san francisco business times 2 banks.com 3 insidearm 4 american banker 5 and the sacramento bee . 6 the company is located in san francisco california . background edit chargesmart coo philip mikal was previously co founder of another san franscisco based company cardit . cardit attempted to launch a similar payment service in september 2007 and targeted one time consumer mortgage payments . cardit is no longer in business and according to housing wire had difficulties for catering to troubled mortgage borrowers . 7 mr. mikal joined chargesmart as chief operating officer august 11 2008 . 8 based on several test transactions the transaction fee plus insurance fee seems to come to 2.5 % of the transaction which means that the fees will outweigh the value of the rewards received on most credit cards . source see also edit united states housing bubble 2007 subprime mortgage financial crisis references edit silver greenberg jessica august 14 2008 . just charge that mortgage . business week . calvey mark july 11 2008 . chargesmart lets customers put house payments on plastic . american city business journals . morrison hayli july 21 2008 . chargesmart is new kid on credit card bill pay block . banks.com . britt phil july 10 2008 . new program allows consumers to pay mortgage with credit cards . kaulkin media . new pay options old criticism . july 18 2008 . pugh tony . finance industry encourages consumers to pay bills with plastic . mcclatchy company . http www.housingwire.com 2008 07 09 new service touts mortgage payments by credit card rauber elizabeth august 11 2008 . chargesmart hires chief operating officer . retrieved from https en.wikipedia.org w index.php title chargesmart & oldid 743698076 categories payment systemscompanies established in 2008companies based in san franciscohidden categories orphaned articles from february 2009all orphaned articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 10 october 2016 at 19 37 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view