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« May 24, 2008 | Main | May 26, 2008 »

May 25, 2008

More Pain for Fuel Retailers from Card Interchange Fees

Tags » Credit Cards, Interchange Fees, Merchants

While we're all suffering as consumers every time we fill up our gas tanks from the increases in gasoline prices, Vic Kolenc writes in an article titled "Card swipes hurt gasoline retailers" in the El Paso Times about fuel retailers complaining about credit card interchange fees. One fuel retailer comments: "For every $1 cash (sale), I bring in $2 in credit (sales). By the time I end up paying all the credit-card fees, I don't have much left."

An Interview with PayPal CEO Scott Thompson

Tags » ECommerce Payments, PayPal

Noa Parag of Globes Online interviews PayPal CEO Scott Thompson during a recent visit to Israel - including discussing PayPal's recent acquisition of Fraud Sciences Ltd. Thompson says: "Most consumers still pay offline, like in restaurants or stores. But I have no doubt that in future all these businesses will be connected to the Internet and then, virtually all payments will be made online. Total online payments will jump twenty fold."

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