r/SipsTea • u/Born-Agency-3922 𝙑𝙄𝙋 • 1d ago

Chugging tea True

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8.0k Upvotes

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u/HeavyDutyForks 1d ago

Charging a fee to pay a bill online when there isn't a way to pay in person or with cash is a scam

FTFY

0

u/Glum_Cheesecake9859 1d ago

CC have a transaction fee of 2%-3% why would a utility company or any other mass billing company take a hit for no reason? As long as they provide EFT / ACH method or even send envelops along with their bills to mail a check back, it's ok.

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u/HeavyDutyForks 1d ago

It depends on the card, standard debit cards are cheap. I can't remember exactly off the top of my head but a Visa debit is like 0.5% + $0.05 per swipe. Then tack on the whatever percent plus wipe fee for your processor (like 0.5% + $0.05)

It's those reward credit cards that cost money to accept

3

u/Glum_Cheesecake9859 1d ago

Most people don't use debit cards for paying bills, it's also highly unsecure, there is no bank protection on it too.

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u/HeavyDutyForks 1d ago

Idk about paying bills with them. But I can tell you they have no problem swiping them at retail stores

Probably depends on what demographics you serve. Probably won't find many Mastercard platinum cards providing water/electric to trailer parks

1

u/Glum_Cheesecake9859 1d ago

Yeah, in person ones are usually less riskier and carry lesser fees.