Quote:
Originally Posted by Rainger99
If you have been paying your Leesburg utility bills by credit card, please note that Leesburg is now charging a service fee.
Starting March 1, 2024, the City of Leesburg will begin charging a transaction fee for all utility payments made by electronic means.
Electronic processing fees will be encountered by customers for the following transactions:
ACH/eCheck utility payments will have a $1.00 convenience fee
Credit/debit card utility payments will have a $3.50 convenience fee
Utility customers can avoid the fees by using the auto-pay option linked to a checking or savings account, paying in person at City Hall with cash or a paper check or paying with cash at AMSCOT locations.
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Convenience fee is not what the credit card company charges to the utility company. It's an added bit of revenue. Credit card companies usually charge between .3 and .9% of the transaction price, and that amount is usually absorbed into the "cost of doing business." So for instance - a $100 electric company bill would cost the electric company +/- 30-90 cents to process with the credit card company. If they're charging $3.50 then they're charging you $2.50 penalty for not paying by check or in cash.
I wonder what their fee would be if everyone decided to pay in bitcoin.