4 ms·

My local municipality charges 5% to use a credit card to pay for automobile or property taxes. 5% is high, but so long as it is disclosed up front I don’t have

My local municipality charges 5% to use a credit card to pay for automobile or property taxes. 5% is high, but so long as it is disclosed up front I don’t have a problem with this one. A merchant is entitled to demand a certain amount of money for what he’s selling, not 97% of that amount and then you and the credit card company split the other 3%.

Eumenes 3y ago
Its disclosed, indeed, but the problem is why is it so high? I can't recall the last time I've ever seen a payment processor so high outside of tax/government paid services.
- bradleyjg 3y ago
  The interchange fee schedule is bizarrely complex. Maybe taxes have a really high percentage?