[Patentcenter] fax receipt from Patent Office?

[Dan Feigelson]

I wouldn't worry about the PTO losing money on interest. As Carl has noted
many times, it forces people to grant it interest-free loans in the form of
deposit accounts, which are the only way of paying certain fees and must
maintain a $1000 balance to avoid the PTO deducting $25 at the end of each
month. So either the PTO is collecting the nominal interest rate on the
deposit (which can be substantially larger than $1000), or it collects
interest (from the user) in excess of 2.5% *per month*. If that's not a
racket I don't know what is.

On Thu, Jan 4, 2024 at 2:52 AM Sandra L Etherton via Patentcenter <
patentcenter at oppedahl-lists.com> wrote:

> An update from Dec 18 fax event:
>
>
>
> Several people emailed me outside of this listserve about whether they
> regularly got a faxback receipts from the PTO. Some said yes; some said no.
> Thank you all for your input.
>
>
>
> I never did get a faxback receipt from the Patent Office, but the credit
> card charge went through for the fees about 48 hours after I faxed it in.*
> As Carl said, follow the money! The new POA and petition have not been
> uploaded, though, and the patent still shows as expired for failing to
> timely pay the maintenance fee.
>
>
>
> *I suspect there’s damage to the public and PTO because fees were not
> deposited timely due to Patent Center not accepting e-filing for this.
> Instead, the fees were charged two days later than they could have been.
> I’m no cash management guru, but I assume the PTO gets paid interest on its
> deposits. Hypothetically, with simple 3% interest on $1640 fee for 2 days,
> the Patent Office lost ~$0.25 in interest on my submission. That adds up if
> fees for many submissions aren’t being deposited as quickly as they had
> been when EFS was live.
>
>
>
> Sandra
>

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