- Centurion Member
- Posts: 416
- Joined: Sat Apr 26, 2008 9:12 pm
- Location: the edge of the world
You're right that some stations charge more for credit card use, but the honest truth is credit cards actually make it a little cheaper for them. There's been studies done on this. The reason is back in the all-cash days, there's a lot that goes with dealing with currency. It doesn't show up all in neat numbers on computer like credit cards do for merchants. Instead business would need to count dollars and coins, deal with more runs to the bank, and then have someone do the accounting for the cash. All of these things take time and that's time they have to pay an employee, and that would be more than 2% of the budget. Yes it does hurt a lot of smaller transactions but it does simplify accounting and studies have shown it's pretty much an even trade. Gas stations shouldn't penalize us, the consumers, for these payment methods.