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We have some local stations in our area, and the price on the billboard is NOT the price at the pump. When people began complaining, they said the extra price at the pump was to cover the credit card costs, if you paid with cash inside, they'd reimburse the difference. (But you had to ask for the reimbursement.)
When law enforcement told them they could be in trouble for false advertisement, they put extra signage at the pump explaining the discrepancy, but they are still posting a price lower than what the pump shows.
We use credit cards to pay for gas. Ours is a company credit card. Gas stations that stop taking credit cards are going to lose their BIGGEST customers and that is going to be the commercial accounts. We don't hand our employees $200-300 in cash to buy gas. As someone else mentioned this is going to bring about MORE crime and robberies. The crooks will know the gas stations have a lot of cash on hand. That drivers will be carrying more cash. That commercial vehicles will have even more cash on hand if they have to pay cash for gas.
Then you have the issue of one being able to earn points/rewards/miles by using a credit card. Some of these cards give out DOUBLE points/dollars for gas purchases. The consumer will go to the gas station that lets them still keep getting that benefit.
What will happen to the big commercial accounts is if they stop taking credit cards or being a PITA to fill up a big truck w/ diesel (limits and such) these companies will get their OWN pumps and buy wholesale. Come to think of it I just might check on doing this very thing now that I've gotten the idea. With 10 big trucks to fill up plus pickup trucks and our vehicles it might save us some money. Hmmmm
Talk about cutting your nose off to spite your face this is one instance they may come to regret.
they are losing money when people pay with credit cards
what is the point of making a sale that loses you money?
Went to fill up yesterday at my usual gas station & now there is a red sign above the keypad saying "All major credit card companies require a minimum $75.00 gas purchase at the pump" Total BS. I figured it was the station lying & blaming the CC companies for the "restriction". They are losing alot of business that way. Many people can't get to $75.00 on a fill up- even with the high gas prices. I know I'm not going there anymore. It's just the principle of it.
They would lose my business...my gas tank is 11.5 gal @ $4 (which is higher than I currently pay) that equals $46 and if/when prices came down I would never stop there again. Too bad for them!
I drive a Toyota Corolla; I guess they have problems with fuel efficient cars
I won't buy from any station that does not take pay at the pump credit or debit cards. I will drive right by it and never come back. Now, if they come up with a pump you can stick cash into I might reconsider. But I am NOT coming into your gas station and standing in line for 10 minutes behind somebody that is playing the lottery!
Absolutely agree here 100%. I refuse to go inside, refuse! No time for that!!
They would lose my business...my gas tank is 11.5 gal @ $4 (which is higher than I currently pay) that equals $46 and if/when prices came down I would never stop there again. Too bad for them!
I drive a Toyota Corolla; I guess they have problems with fuel efficient cars
How are they losing business when their cost is greater than their profit.
The CC companies preauthorize $50-75 to your card because they don't know how much you'll pump, and sometimes they don't credit the excess funds back to your card for a few days.
I wonder if the real reason is that gas stations are taking credit cards at the pump, and that I would imagine that they are getting tons of chargebacks with fraud and stolen card allegations. Gas stations would have no recourse to fight a chargeback, and someone with a stolen card would go straight to a gas station to see if it works.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
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Quote:
Originally Posted by pghquest
I wonder if the real reason is that gas stations are taking credit cards at the pump, and that I would imagine that they are getting tons of chargebacks with fraud and stolen card allegations. Gas stations would have no recourse to fight a chargeback, and someone with a stolen card would go straight to a gas station to see if it works.
But that is true of most retail stores too. You can go into Sears or Wal*Mart and buy a $2000 big screen and run your card through the charge thing and they do not even ask for ID. You can probably even go through the self checkout and do it. Really the credit card business is sooner or later going to have to adopt a PIN code to use it like an ATM card does.
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Total BS. I figured it was the station lying & blaming the CC companies for the "restriction". They are losing alot of business that way. Many people can't get to $75.00 on a fill up- even with the high gas prices. I know I'm not going there anymore. It's just the principle of it.
