RE: Gas prices - 6

This info might be helpful.....https://pay.com/blog/credit-card-merchant-fees. In my area, the typical gas station credit card charge is ~5-cents, if they have one.

As I understand it, the volume of transactions is also a factor. Therefore, small businesses (like my dentist) and municipalities (under 10,000 population) often don't take credit cards or do so with a healthy processing fee (3~4%). Thus, I still have a checkbook to pay my dentist and municipal taxes & fees.

OK, I sometimes write a check to a car or MC dealer, they only allow you to charge $2500 on a credit card.

Zitat von Richard230 im Beitrag #75

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In California, for the past few years most (but not all) gas stations charge an extra 10 cents a gallon if you use a credit card, which is convenient for both the station and the customer because service stations make you pay at the pump and they do not offer service at our service stations. The excuse is that they need to pay a credit card charge from the card companies that they don't need to pay when you use cash. I have my doubts that the credit companies charge that much for credit. I bet the gas stations make "additional dealer profit" with that charge, plus it gets their cash customers in to the convenience store where they might buy something there, too.

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Zitat

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But if you’re just looking for a general overview, the average costs for credit card processing ranges from 1.5% to 2.9% for swiped cards, and 3.5% for keyed-in transactions.

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I just passed by my local Shell (no service) gas station. Regular 87 octane fuel was priced at $5.90 but diesel fuel was an even dollar more. What is up with that? What makes diesel fuel so much more expensive now than gasoline? As I recall it used to cost less a few years ago.

Credit card companies used to charge businesses around 3%. I don't know if that rate has gone up.

The 3% seems about standard for using a card, has been for quite some time. When I queried the bank the business account was with, they initially wanted to charge me that 3%. However other private party c/c machine companies were offering something less, like 2.3% etc. When I explained I was going to switch out to one of those less expensive c/c fees services, the bank reduced the fees from 3% to 1.2% for debit and 1.4% for c/c.