Forum Discussion
what's up with T-mobile removing autopay discount for credit cards?
I just literally signed up for a new plan - debit cards have fees for providers too - accessing my bank account isn’t a good approach from a security perspective (noting that T-mobile has been hacked...
That was announced months ago. It is because credit card companies charge a service charge that is based on the percentage of every transaction, which eats into T-Mobile's revenue. Removing the auto pay discount for credit cards negates that.
Merchant Fees are tax deductible because they are a cost of doing business. Individuals aren't able to take that tax deduction, but businesses are.
So, this is a sign that T-Mobile shifted gears from the quality of service and product they used to be, into a blowing their load to get more customers their infrastructure couldn’t support yet, they are now losing customers and revenue, and now passing down their failure of oversight down to us, much like trickle down economics in general.
Not only will they continue to take the tax deduction off the back end for those who continue to use their credit card on autopay, they then profit and pocket the fee they incur on those customers and either cover the failure in one way, or reinvest the money for themselves to capitalize even further on your money.
