sammyk Posted May 14, 2008 Share Posted May 14, 2008 Nope, I paid with a debit card at a gas station a week ago and got charged about 8 cents more per gallon. Did it ask you to enter your PIN? Quote Link to comment Share on other sites More sharing options...
Devils731 Posted May 14, 2008 Share Posted May 14, 2008 I would guess gas stations would just charge debit transactions the same as credit transactions, even though the fees are less, just because it improves their margins and most people don't know the difference between the two. Quote Link to comment Share on other sites More sharing options...
sammyk Posted May 14, 2008 Share Posted May 14, 2008 That could be but they ask Credit or Debit, if it were the same why bother asking? Quote Link to comment Share on other sites More sharing options...
Devils731 Posted May 14, 2008 Share Posted May 14, 2008 That could be but they ask Credit or Debit, if it were the same why bother asking? It's the same price to you, the consume,r but it's a different price to the business so they'd prefer one over the other and I've been guided as to what they would prefer at times. Quote Link to comment Share on other sites More sharing options...
sammyk Posted May 14, 2008 Share Posted May 14, 2008 You said you guess they charge debit transactions the same as credit so how is it a different price to the business? Are you talking about the recent change or before when they had the same price cash/charge? Do they prefer one method over another at different times? Quote Link to comment Share on other sites More sharing options...
Devils731 Posted May 14, 2008 Share Posted May 14, 2008 The profit the business makes is different because the amount the credit card companies take is different between credit and debit purchases. So they charge a cash price and a credit/debit price that is calculated using the higher of the two fees. I forget which one charges higher fees, but let's say it's credit, so the gas station sets its cash price and then sets their credit price by increasing it equal to the amount they would lose if someone pays with credit. This way whether a customer pays cash or credit the gas station makes the same money. Now if someone uses a debit the gas station makes more money because the person will pay the higher credit price but the gas station will be charged a slightly lower fee. Most people don't care if they use debit or credit to make their purchase since the price to the consumer is the same but most opt for credit to avoid the hassle of the pin number. The gas station would prefer debit would be used though as they'll get charged slightly less by the credit card company and make the debit purchased gallon of gasoline more profitable for the gas station than the cash or credit purchase. This would really be easier for me to show using a nice 3 part chart. Quote Link to comment Share on other sites More sharing options...
Devilish34 Posted May 14, 2008 Share Posted May 14, 2008 This would really be easier for me to show using a nice 3 part chart. waits for 3 part chart Quote Link to comment Share on other sites More sharing options...
DevilMinder Posted May 16, 2008 Share Posted May 16, 2008 "Saudi Arabia has rejected a plea from President Bush to increase oil production, a top White House aide said today." It is said that Saudi King kept saying he was unable to clearly hear Bush due to machines being used to cram more money into the Saudi vaults. When asked why he didn't just turn the machines off, King Abdullah responded "Why would we do that? Our gas is only 1 cent a gallon?" Quote Link to comment Share on other sites More sharing options...
devilsfan26 Posted May 16, 2008 Share Posted May 16, 2008 Did it ask you to enter your PIN? Well it was in New Jersey, so I just handed my card to the guy and he came back with my card and the receipt. Quote Link to comment Share on other sites More sharing options...
sammyk Posted May 16, 2008 Share Posted May 16, 2008 Then he probably ran it as a credit card not knowing if it was one or the other. BTW, even in NJ, I have had attendants bring over keypads to enter my PIN at a few gas stations. Quote Link to comment Share on other sites More sharing options...
Devilish34 Posted May 16, 2008 Share Posted May 16, 2008 "Saudi Arabia has rejected a plea from President Bush to increase oil production, a top White House aide said today."It is said that Saudi King kept saying he was unable to clearly hear Bush due to machines being used to cram more money into the Saudi vaults. When asked why he didn't just turn the machines off, King Abdullah responded "Why would we do that? Our gas is only 1 cent a gallon?" One more reason to allow us to drill on our own soil!!!!!!! Fvck the EPA and those hippie tree huggers where is my chain saw!!!!!!!! Quote Link to comment Share on other sites More sharing options...
sammyk Posted May 16, 2008 Share Posted May 16, 2008 One more reason to allow us to drill on our own soil!!!!!!! Fvck the EPA and those hippie tree huggers where is my chain saw!!!!!!!! You gonna fill that chainsaw up with some Saudi Arabian gasoline? Quote Link to comment Share on other sites More sharing options...
Devilish34 Posted May 16, 2008 Share Posted May 16, 2008 You gonna fill that chainsaw up with some Saudi Arabian gasoline? no it's electric Quote Link to comment Share on other sites More sharing options...
devilsfan26 Posted May 16, 2008 Share Posted May 16, 2008 Then he probably ran it as a credit card not knowing if it was one or the other. I have no idea why I didn't think of that. Quote Link to comment Share on other sites More sharing options...
sammyk Posted May 16, 2008 Share Posted May 16, 2008 no it's electric Weak...and where you gonna plug that fvcker in in the middle of Alaska? A gas/diesel power genset? I have no idea why I didn't think of that. Sarcasm? Quote Link to comment Share on other sites More sharing options...
devilsfan26 Posted May 16, 2008 Share Posted May 16, 2008 Sarcasm? What Quote Link to comment Share on other sites More sharing options...
sammyk Posted May 17, 2008 Share Posted May 17, 2008 Heh, I thought you were being sarcastic with that comment like Gee, why didn't I think of that!? Quote Link to comment Share on other sites More sharing options...
Devilish34 Posted May 17, 2008 Share Posted May 17, 2008 Weak...and where you gonna plug that fvcker in in the middle of Alaska? A gas/diesel power genset? with JL's help Quote Link to comment Share on other sites More sharing options...
sammyk Posted May 17, 2008 Share Posted May 17, 2008 Damn, we'll all be dead by the time you even fell one tree! Quote Link to comment Share on other sites More sharing options...
Devilish34 Posted May 17, 2008 Share Posted May 17, 2008 Damn, we'll all be dead by the time you even fell one tree! Are you saying JL will not be able to provide enough energy to power my saw Quote Link to comment Share on other sites More sharing options...
sammyk Posted May 17, 2008 Share Posted May 17, 2008 JL? Quote Link to comment Share on other sites More sharing options...
Devilish34 Posted May 17, 2008 Share Posted May 17, 2008 JL? Yeah I figure I'll get Jimmy Leeds to ride the bike to power the saw Quote Link to comment Share on other sites More sharing options...
DevilMinder Posted May 17, 2008 Share Posted May 17, 2008 Yeah I figure I'll get Jimmy Leeds to ride the bike to power the saw Only if you give him a good cause, otherwise the rain will stop him cold. Quote Link to comment Share on other sites More sharing options...
Devils731 Posted May 17, 2008 Share Posted May 17, 2008 Does JL have to clip his feet into the energy giving bike? Quote Link to comment Share on other sites More sharing options...
Devilish34 Posted May 17, 2008 Share Posted May 17, 2008 Only if you give him a good cause, otherwise the rain will stop him cold. $50 dunkin'donuts gift card Quote Link to comment Share on other sites More sharing options...
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