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.
Well they are removing my auto pay with credit card starting November 20, 2023. I will not give my debit or checking account info. They have been hacked multiple times.
Credit cards have zero liability versus your banking info. Someone fraudulently charges your credit card it gets removed. Someone charges your debit card you can kiss your money away the bank will not give it back.
Also possibility is that this had nothing to do with fees from credit companies it's an INFORMAL way of INCREASING YOUR SERVICE CHARGES but claiming that they are being charged unreasonable fees from credit companies. Guess what T-Mobile there is a charge for debit transactions/ACH usually it the same rate.
Suggestion maybe re-negotiate your fees. Switch processing companies.
Your plan to require people to provide debit/account info is to LOSE BUSINESS. You will have a lower profits or be running your business NEGATIVE.
Time to look for another carrier.
