Nearly one year ago, the Supreme Court ruled that out-of-state retailers must collect sales tax on internet sales.
One retailer many of us use for those “have to have” gadgets is B&H Photo Videoin New York City. This past week they announced a new credit card called Payboo. This is a traditional credit card that has one extra feature: when you buy anything from B&H and use the Payboo card, they will instantly refund you the sales tax before you finish the purchase. And at B&H, instant means instant – no expiring points, credits, or coupons to worry about. This new Payboo card provides an additional discount equal to your sales tax rate, and B&H will still collect and remit state sales tax in accordance with state sales tax laws and regulations.
While none of us needs another credit card, this may be worth it.