this post was submitted on 02 Sep 2023
114 points (93.8% liked)
Technology
58096 readers
3152 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
As reported by The Wall Street Journal, the latest maneuver is requiring customers — current and new — to switch to a debit card or bank account withdrawal in order to receive the autopay discount on their plan.
Verizon has included this requirement on plans for years, but in the past few months, AT&T and T-Mobile have quietly followed suit to cut back on how much they pay for credit card processing.
The new rule goes into effect for AT&T customers on October 2nd, and as a gesture of goodwill, the company will only reduce your discount if you continue to pay with a credit card.
AT&T and T-Mobile aren’t just making this a requirement for new customers — the change is being applied to all postpaid accounts.
Credit cards charge businesses high processing fees, and those rates have been rising.
But even with the new rules in effect, carriers continue to advertise their plan pricing with the autopay discount factored in.
The original article contains 340 words, the summary contains 162 words. Saved 52%. I'm a bot and I'm open source!