The Juice: A Little Something Extra for your morning
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Small bits of gas relief from Visa
Believe it or not, gas station owners are also paying the price for the high cost of fuel, and Visa wants to help out. When you use your credit card to pay for gas, there's a built-in transaction fee the station owner has to pay. Usually, it's a little less than 2 percent of your total purchase. Every time the price of gas goes up, so does the amount of that charge. Gas station retailers say it's taking a big bite out of their profits. Now, Visa says it will lower it's transaction fees for gas stations. The company will also cap it's charge for debit card payments at 95 cents.
Posted by Melissa Kaplan on June 27, 2008 8:31 AM PT | Permalink
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