Wednesday, July 21, 2010

How does a gas station calculate the cash price vs the credit card price?

I got gas at a station in NJ that said cash save 10 cents a gallon but when I calculated the amount I paid with the gallons I received I was charged the credit price not cash.

How does a gas station calculate the cash price vs the credit card price?
The pump physically has only one price on it. It's usually the credit price so that the automated charge will work correctly. My experience has been that they have a calculator at the register. The clerk probably calculated your refund after you left and is enjoying your change.
Reply:That is more common these days for gas stations to save a buck or too while they continue to charge gas prices as high as $5.25 a gallon for regular, any-who it cost gas stations about 3% to redeem the money that you charge on your credit and or debit cards.





So as a incentive they offer a 0.10 cent a gallon discount so that they can get their cash and so you can get your gas. Its varies for some gas stations buts its just touch and go, and estimate really.
Reply:Gee thats weird! Go to www.help.com or www.google.com and type that in

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