California wants to allow credit cards at the DMV, but it'll cost you a fee | Town Square | Palo Alto Online |

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California wants to allow credit cards at the DMV, but it'll cost you a fee

Original post made on Jul 13, 2019

Got a driver's license to renew or a vehicle to register? Well, if you were planning to pay for it with a credit card, you may want to do it this summer.

Read the full story here Web Link posted Saturday, July 13, 2019, 8:16 AM

Comments (3)

17 people like this
Posted by Nayeli
a resident of Midtown
on Jul 13, 2019 at 11:48 am

Nayeli is a registered user.

I thought that the charge was already fixed within the cost of the DMV fees anyway. After all, our fees are already the highest in the nation.


13 people like this
Posted by resident
a resident of Downtown North
on Jul 13, 2019 at 12:04 pm

Question: when the DMV pays the credit card companies a 3% fee, how much of that is a real expense to the credit card companies and how much is a pure profit that they make because of price fixing? There are only 2 main credit card companies (Visa and MasterCard) so there is little incentive for them to compete on fees.


2 people like this
Posted by rsmithjr
a resident of Duveneck/St. Francis
on Jul 13, 2019 at 1:52 pm

rsmithjr is a registered user.

Questions:

1. Will the DMV still accept other forms of payment, e.g., cash?
2. How will they account for the costs and inefficiencies of dealing with cash?

I have a general practice of paying with cash when fees are required for credit cards and see no reason for making an exception.


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