Facing fees from Visa and others that erode already small profits on gas sales, some stations have started charging customers extra for using credit cards. Station operators say credit card companies charge them fees — often 2 percent to 4 percent of a sale — when customers buy gas with credit cards. Those “interchange” fees either cut into their few-cents-per gallon profit or force them to raise their prices, potentially costing themselves customers. So they are trying to give consumers an incentive to pay with cash. A few stations around the nation have even stopped accepting credit cards for gas purchases. Click here to read more.
[Source: Florida Today].
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