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Car Tax renewal -no more credit card fee
Just renewed my car tax and realised there is no £2.50 credit card fee when I paid online anymore !
Checked the renewal letter it now says:
"There is no fee for paying with any debit card, pre-paid card or a personal credit card. An additional fee of £2.50 is applicable to all other types of cards."
Last year's letter when you paid a credit card fee says:
"Pay by Direct Debit, credit car or debit card (£2.50 for credit card payments. No fee for paying by debit card)."
.
Checked the renewal letter it now says:
"There is no fee for paying with any debit card, pre-paid card or a personal credit card. An additional fee of £2.50 is applicable to all other types of cards."
Last year's letter when you paid a credit card fee says:
"Pay by Direct Debit, credit car or debit card (£2.50 for credit card payments. No fee for paying by debit card)."
.
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Comments
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CC fees became illegal recently.0
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You're happy to pay £2.50 fee to make a CC payment when cost is nothing like that ?Aylesbury_Duck wrote: »Why was it a rip-off?
Why do you think it's been banned ?0 -
Depending on volume, it's about 2% to the merchant to accept credit cards. On a £255 tax bill, which I pay, that's £5.10.You're happy to pay £2.50 fee to make a CC payment when cost is nothing like that ?
Why do you think it's been banned ?
I suppose that's "nothing like" £2.50, because it's more than double.Proud member of the wokerati, though I don't eat tofu.Home is where my books are.Solar PV 5.2kWp system, SE facing, >1% shading, installed March 2019.Mortgage free July 20230 -
You beat me to it.0
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onomatopoeia99 wrote: »Depending on volume, it's about 2% to the merchant to accept credit cards. On a £255 tax bill, which I pay, that's £5.10.
I suppose that's "nothing like" £2.50, because it's more than double.
That's not the real cost of an electronic transaction.Aylesbury_Duck wrote: »You beat me to it.
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It's nothing to do with the cost of an electronic transaction. Traders pay the CC companies a percentage of the funds they claim from them. The percentage varies but it usually between 2% and 4%. So for every £100 the DVLA collects via CCs they only receive between £96 and £98 (depending on what deal they have with the CC providers)..0
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It's the real cost to the merchant that accepts the transaction, which is the important thing in this context.That's not the real cost of an electronic transaction.Proud member of the wokerati, though I don't eat tofu.Home is where my books are.Solar PV 5.2kWp system, SE facing, >1% shading, installed March 2019.Mortgage free July 20230
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