The law says the fees must be disclosed, but more disclosure is always better for consumers.
within the parameters of the law.We’re talking about more than 4.5 million transactions in 2023 alone, according to MVC data obtained by NJ Advance Media under anBack on point. Even with 4.5 million transactions in just one year, sure, we’re taking about pennies when you see it one transaction at a time. But per year, it adds up to more than $4 million spent by the state’s drivers on the fees. More on that in a moment.that banned companies from making a profit off of the fees.
The reader also noted that when he pays his property taxes online through his town, it offers either a credit card option with a surcharge or an ACH transaction — when money is taken directly out of a bank account — for a smaller fee, typically 1.5%.It may feel wrong, but the disclosure provided by MVC falls within the law.
It cost $24 for the renewal and $1.05 for the service fee, which came to a whopping 4.3%. There was no ACH option offered and no disclosure about the fee until the end of the process.
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