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.
fireguy_6364 wrote:i would think that making a decision like this would be something that would affect everyone and not just new accounts..not overly sure the full reasoning behind it..but they are not the only one doing it either.. V started doing it years ago..furthest back i cared to even look at was 2014 for them. wonder if at some point TMO will do what V did and do their own CC? which doesnt make a ton of sense to me other than they probably get some kind of kick back for it being their own CC?
This is about (Money, Deception and risking the Security of their customers (BANKING) information. T-Mobile's access to peoples banking information will expose their banking info to their (NEXT and frequent data breach). They lack truth & integrity about their Credit Card service charges, T-Mobile implies a lie. These increases are far above current CredtCard fees, based on my calcs. Using current min/max MasterCard fees, it will rake in an additional ($156.24 to $213.36) above service fees per year from me, multiply that by their 110 million US customers and you get additional income above CC fees of (1.718 to 23.469) Billion dollars. Facts and numbers don't lie and integrity is lacking in the corporate world of 2023. Don't wet on my leg and tell me it's raining. Show integrity, speak truth and charge the actual fees. Truth and honesty, what a concept!
Payment network Average credit card processing fees
Visa 1.29% + $0.05 to 3.29% + $0.10
Mastercard 1.39% + $0.05 to 3.29% + $0.10
Discover 1.58% + $0.05 to 3.28% + $0.10
American Express 1.50% + $0.10 to 3.15% + $0.10
