- Photo, audio and video store B&H last week launched a new credit card that covers the sales tax customers would otherwise need to pay for their orders, according to its website.
- The store will charge the full purchase amount plus tax for online, phone and in-store purchases, but B&H Payboo cardholders will see “Payboo Card Savings” applied instantly at checkout. The tax-equivalent reward is not available in Alabama, District of Columbia, Indiana, Iowa, Nebraska, North Dakota, Vermont, West Virginia and Wyoming.
- The B&H Payboo card is issued by Synchrony Bank. The card does not charge an annual fee, but lists a purchase APR of 29.99%.
The new card is the first of its kind in response to updated sales tax collection requirements. The Supreme Court ruled in June 2018 that states can require retailers to collect sales taxes for all e-commerce purchases. Retailers were previously only required to collect sales tax on online orders if they had a physical presence in the customer’s state.
For The Full Story: RETAIL DIVERETAIL DIVE
by Lisa Rowan
May 14, 2019