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Congress and the Courts Tackle Credit Card Fees at Service Stations

BY | July 28, 2008

This article is part of a Chronicle. See more from this Chronicle David Rodi, Jul 28, 2008 With the recent increase in motor fuel prices in the United States, the…

This article is part of a Chronicle. See more from this Chronicle

David Rodi, Jul 28, 2008

With the recent increase in motor fuel prices in the United States, the credit card processing fees paid by service station owners have come under increased scrutiny from both the U.S. Congress and the courts. Most credit card fees are calculated as a percentage of the transaction value. Because US$4-per-gallon gasoline leads to a higher total transaction amount for each fill-up, retailers complain that th

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