Stephen Tashiro
04-30-2013, 5:46 PM
When online companies collect taxes on an order and are paid by credit card, how is the card company's fee on the tax portion of the bill itemized? Does the state collecting the taxes pay the fee on the taxes? Does the merchant treat the fee as an his own expense? Or is the fee added to the customer's bill and lumped under the heading of "tax"?
My uninformed guess is that the merchant treats it as a business expense because I also guess that's how they would treat the costs of collecting and keeping track of taxes in a brick-and-mortar store.
My uninformed guess is that the merchant treats it as a business expense because I also guess that's how they would treat the costs of collecting and keeping track of taxes in a brick-and-mortar store.