Even though this is just one station in West Virginia, it shows the impact of high credit card surcharges have on merchants.

The credit card companies take about 2% to 3% of the purchases, and this is becoming even more painful for the gas stations with the higher gas prices. According to the article credit card surcharges placed second behind labor in expenses for gas stations in the nation.

I just hope this doesn't start a trend. I use my debit card at the pump to meet my reward checking account usage requirements.

 

Submitted: Jun 16, 2008    Views: 86    Comments: 1    Likes: 1   


View Article: http://www.dailymail.com/News/200806160080


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tightwad

I have been waiting for this to happen. Now that some banks are paying high interest rates on checking accounts when you use your debit cards 10-12 times a month. I regularly pump 5 bucks two or three times to get my debit quota...And feel guilty because I know the stations are losing money.

Posted: Jun 17, 2008



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