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BnH REALLY!?
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Apr 30, 2024 17:39:04   #
rcarol
 
DRM wrote:
B&H DOES "collect" the sales tax via their payment processing system, then--as a part of the same transaction--reimburses (credits) the customer. The tax amount is captured for reporting and remittance to the relevant state. Essentially, B&H is absorbing the sales tax cost on behalf of the customer. Particularly for large ticket items, it's a great benefit available to B&H customers.


People that reside in states with high sales tax benefit more than those living in states with lesser sales tax. California has an extremely high tax rate so it pays for me to have a Pay Boo card.

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Apr 30, 2024 18:45:10   #
DRM Loc: NC
 
User ID wrote:
It a clever way to undersell MSRP and MAP.


They're still charging MSRP. And they're also remitting required sales tax to the respective states. The B&H customer benefits, as either B&H or Comenity (via reimbursement to B&H, perhaps) is absorbing the sales tax cost.

The PayBoo concept is great for customers, IF sales tax avoidance is the option selected AND IF Comenity is paid promptly to avoid late fees and interest charges AND IF Comenity doesn't screw up payment processing. The customer's advantages come with the "price" of pain and aggravation of dealing with Comenity should that ever be necessary. But prompt online payment in full should make that an unnecessary annoyance.

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May 1, 2024 07:07:23   #
Artcameraman Loc: Springfield NH
 
User ID wrote:
DO NOT CALL B&H. They are not the bank.


Not the same.

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May 1, 2024 07:07:39   #
Artcameraman Loc: Springfield NH
 
Jfholly wrote:
I have had the worst service with the bank that handles the Pay Boo credit , good luck.


Different.

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