JAB wrote
Rod Speed wrote

Stupid IMO given that the transaction
fee is just cents for those transactions.

USA for credit cards

I was talking about debit cards, not credit cards.

"In 2014, the Federal Reserve Bank of Kansas City reported
that the average merchant in the country pays around 1.73%
of each credit card transaction to the issuer, card network
and other bodies that handle the transaction of funds."

Yes, you lot are actually stupid enough to let the card
companys shaft you with merchant charges like that.

Aldi here pays quite literally 0.5% and they pass that merchant
fee on to the customer. They don't bother with the debit card
fee because its quite literally only a few cents per transaction.

In Q4 of 2015, American Express made $4.9 billion in
Discount Revenue - their name for interchange fees....

We have just recently stopped them charging
anything like that in merchant fees here.

And plenty of merchants wont accept Amex and others
pass the stupid Amex merchant fee on to the customer
who is stupid enough to want to use an Amex card.

By contrast, income resulting from interest was just $1.9 billion.

Yep, utterly flagrant ripoff that only you lot are stupid enough to wear.

https://www.forbes.com/sites/roberth.../#420f6911a444

Yep, you lot are actually that stupid and havent noticed the massive con
job.

Gas stations seem to favor the practice because the margins on
gasoline are razor thin, if not negative, when people pay by card.

That's a myth. Look at the real merchant fee sometime.

It would not be a common practice, but most likely
for those who buy large volumes (fleets, etc) these days.

Only because your merchant fees are so utterly outrageous.

Ours arent with major national operations like that,
typically 0.5% with credit cards and literally cents
with debit cards and nothing with eftpos cards.

In one US state, the legislators mandated same price for cash
or credit card. Before, there was a discount for cash at many fuel
vendors. Independent vendors, small businesses, pay more to
process credit cards. I can't address what other state laws might be.

But they have to pay the monkey who accepts the cash and
that vastly more than the merchant fee on the transaction.

Most USA fuel stops are convenience stores
these days, where food/drinks/fuel are sold.

Same here, but only the stupid buy stuff at those.

http://www.hartington.net/wp-content.../06/Caseys.jpg