Cash vs. credit thing
I've heard about it both on radio & the news... but I can't tell if it's affecting the gas stations that I go to. Can someone please explain how it works?
e.g. - I walk up to the pump, the little digital reads above the grade levels read 3.89, 3.99, 4.10 for regular, plus, premium. If I swipe my credit card, is the digial read supposed to change to say 3.99, 4.09, 4.20 if there is a credit surcharge? Or does it stay the same and my card is just charged more?
And can someone explain to me why convienence stores are adding this charge BY THE GALLON? That doesn't seem to make sense to me. I thought the CC-companies charged a flat rate to the store per transation for "using the CC service". Is that not how it works?
And if this is such a huge burden (I can see how it can be for small locally owned stored hence some places that say you can only use a credit card for purchases over $X), why don't they charge EVERY transaction the store makes (random soda/beer/candy/chip purchaces) and not just the gas expenses?
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