B&H Photo Introduces PayBoo Card, Refunds the Sales Tax for Many States — Game Changer for Retailers?
As a small business, I remit sales/use tax every year on out of state purchases.
B&H Photo makes a industry-changing move that builds brand loyalty with its new Payboo credit card, and at least here in California, is equivalent to a 9%+ discount:
“Now, with the B&H Payboo Card, save the equivalent to the sales tax you pay on every purchase shipped to eligible states”.
I’d be surprised if this move does not cause other companies to follow. Kudso to B&H.
The arrangement is a not “points” or saving later, it is instant savings:
What are the B&H Payboo Credit Card benefits?
B&H issues instant Payboo Card Savings on all non-tax-exempt purchases shipped to eligible states paid for with the Payboo Card in the form of a reward concurrently issued and redeemed directly on your order during checkout.
How does the Payboo Card benefit really work?
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. \
Am I paying sales tax on my purchase? Do I need to submit anything in my tax filings?
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. Is there any limit or cap on the total amount of Payboo Card savings? No. B&H will issue Payboo Card Savings rewards without any upper limit.
B&H Photo sells a wide variety of cameras, lenses, electronics and more, and is an Apple authorized reseller. See my B&H Photo wishlists.
Super easy to apply and use
I applied for and received my Payboo card and had made an order in under 5 minutes.