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Started By
Message
Are toll tags interest free loans for the government?
Posted on 9/5/17 at 10:29 am
Posted on 9/5/17 at 10:29 am
Never understood why they can't charge my card after I've crossed. Why do I need to have a specific amount in their hands beforehand? Is this gov screwing us up?
4
Posted on 9/5/17 at 10:30 am to fareplay
quote:
Never understood why they can't charge my card after I've crossed. Why do I need to have a specific amount in their hands beforehand? Is this gov screwing us up?
To prevent toll running from the poors.
Posted on 9/5/17 at 10:30 am to 50_Tiger
quote:
To prevent toll running from the poors.
Posted on 9/5/17 at 10:30 am to 50_Tiger
The poors don't update registration info and address so it don't matter
Posted on 9/5/17 at 10:30 am to fareplay
it'd be too costly to run a 3% cc charge on every toll event rather than 3% charge on a lump some amount.
Posted on 9/5/17 at 10:31 am to Chad504boy
So they screw the consumer instead
Posted on 9/5/17 at 10:32 am to fareplay
quote:
The poors don't update registration info and address so it don't matter
So if and when they get pulled over they not only will get ticketed but also lose their vehicle.
Seems like something a poor would choose to do.
Posted on 9/5/17 at 10:33 am to Chad504boy
quote:
it'd be too costly to run a 3% cc charge on every toll event rather than 3% charge on a lump some amount.
3% is 3%
Posted on 9/5/17 at 10:34 am to fareplay
Because they can. And like the poors give a frick if they get a letter for running a toll
Posted on 9/5/17 at 10:34 am to s14suspense
quote:
3% is 3%
Time value of money bro.
Posted on 9/5/17 at 10:35 am to Chad504boy
?
3% of 100 transactions at $2.00 a transaction $0.06 is $1.94 per.
3% of $200 is $6.00. $200.00 - $6.00 = $194.00. 194/100 = $1.94 per.
3% of 100 transactions at $2.00 a transaction $0.06 is $1.94 per.
3% of $200 is $6.00. $200.00 - $6.00 = $194.00. 194/100 = $1.94 per.
Posted on 9/5/17 at 10:36 am to Jcorye1
Cc have minimum processing fees
Posted on 9/5/17 at 10:37 am to fareplay
quote:
So they screw the consumer instead
Not really, cause if they had to pay that charge every time, they would charge you more on the toll to cover it.
Posted on 9/5/17 at 10:37 am to C
How he phrased it didn't make sense. I'm also relatively sure a state/city agency could negotiate a better rate.
Posted on 9/5/17 at 10:43 am to s14suspense
quote:
3% is 3%
that's just your opinion man.
Posted on 9/5/17 at 11:00 am to fareplay
It is more price conscious for them to batch the transaction to larger batches if charged by credit card.
If they charged every time, the processing fees would be higher, and they would pas the higher price to the consumer.
If they charged every time, the processing fees would be higher, and they would pas the higher price to the consumer.
Posted on 9/5/17 at 11:01 am to s14suspense
quote:
3% is 3%
Wrong. CC fees charge fixed plus variable charges on every charge. So this example would amplify the fixed portion
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