The Cost of Credit

Francella, Barbara Grondin
November 2004
Convenience Store News;11/22/2004, Vol. 40 Issue 14, p41
Trade Publication
This article presents information related to the cost of credit. As the price of gasoline continues to climb, gasoline retailers are wincing as their gross profits are swiped away by a growing number of customers using plastic to pay for their motor fuel purchases. While high per-gallon retails have pushed up the industry's gasoline sales figures, c-store operators are paying substantially more in credit and debit merchant fees even as many experience stagnant or declining gasoline volumes. The credit/debit fee burden is a huge issue, said Bill Douglass, NACS chairman and CEO of Douglass Distributing Co., a fuel wholesaler and retailer based in Sherman, Texas, which operates 10 c-stores and 150 dealer sites. INSET: Other Retailers Feel the Pinch of Plastic.


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