CCdaCE
Full time employment: Posting here.
- Joined
- Apr 3, 2006
- Messages
- 897
This article confirms what I've long thought to be true.
JS Online: Running on empty
-CC
JS Online: Running on empty
Credit card companies and banks get an average of 2.75% on every gallon of gas sold, and credit card processing fees now rank as the second-biggest expense for gas station operators, according to the National Association of Convenience Stores.
So, you're still paying for the convenience. People think they're getting 5% back, but aren't they really paying 7.25% and getting refunded the 5%?"Even at $3.59, I was making 15 cents, but I was still giving 10 of those cents to MasterCard," he said.
-CC