Does a company vehicle ETC require deduction from the corporate account?
1 Answers
When a company vehicle applies for an ETC under the company account, the deductions will be made from the corporate account. How ETC works: Through the onboard electronic tag installed on the vehicle's windshield, dedicated short-range communication is established with the microwave antenna in the ETC lane at the toll station. Computer networking technology is then used for backend settlement processing with the bank, enabling vehicles to pass through highway or bridge toll stations without stopping while still paying the required fees. Benefits of installing ETC: Saves time: Eliminates the hassle of waiting in line; Green and eco-friendly: Promotes low-carbon travel by allowing vehicles to pass through toll stations without stopping, reducing noise and exhaust emissions, thereby minimizing pollution; Reduces wear and tear: Saves costs by decreasing the frequency of vehicle starts and brakes, lowering wear and fuel consumption. Users also enjoy a 5% discount on toll fees; Improves efficiency: Theoretically, ETC lanes can process vehicles 2-3 times faster, making traditional ETC more updated, faster, and more high-tech. Compared to license plate payment, ETC technology is more mature and advantageous.