B&H Photo Video has announced a new credit card called Payboo, which is designed to cancel out sales tax for its customers by repaying the cost.
Payboo is in response to a US Supreme Court ruling last year which mandates that out-of-state retailers collect sales tax for online sales.
Partnering with Synchrony Bank, the B&H Payboo credit card issues instant Payboo Card Savings on all non-tax exempt purchases in the form of a reward that is issued and redeemed on your order during checkout.
What’s more, there is no upper limit on the Payboo Card Savings rewards. B&H says:
When you pay for B&H purchases with the Payboo Credit Card, B&H will charge the total of merchandise plus applicable fees and taxes; but we instantly issue and apply a reward on orders made in our SuperStore or shipped to eligible states right in checkout as a form of customer payment. Then, the amount charged to the Payboo Card is net of the benefit applied.
B&H will collect and remit state sales tax in accordance with state sales tax laws and regulations. So, customers do pay required sales tax and do not need to keep track or file anything separately.
Click here for more details and to check your savings.