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资料题:Why do some gas station owners no longer accept credit cards?

发布时间:2021-03-19

A.High credit card interchange fees.

B.They like the"instant gratification"of getting cash better.

C.Credit frau

D.D.Time-wasting

参考资料

When gas station manager Roger Randolph realized it was costing him money each time someone filleld up with $4 agallon gas, he hung a sign on his pumps: "No more credit cards." He may be the first in West Virginia to ban plastic, but gas station operators nationwide are reporting similar woes as higher prices translate into higher credit card fees the managers must pay, squeezing profits at the pump. "The more they buy, the more we lose," said Randolph, who manages Mr. Ed's Chev ron in St. Albans.“Gas prices go up, and our profits go down." His complaints target the socalled interchange fee a percentage of the sale price paid to credit card companies on every transaction.The percentage is usually fixed at just under 2 percent but the dollar amount of the fee rises with the price of the goods or services. As gas tops $4 a gallon, that pushes fees toward 10 cents a gallon. Now stations, which ty pically mark up gasoline by 11 to12 cents a gallon, are seeing profts shrink or even reverse. In a good month, Randolph's small operation would yield a $ 60 profit on gasoline sales. But that's been buried as soaring prices forced the station to pay about $500 a month in interchange fees. “At these prices, people aren't making any money," said Jeff Lenard, spokesman for the National Association of Conv enience Stores. "It's brutal." Lenard's group reports conv enience stores paid roughly $7. 6 billion in credit card fees last year, while making $3.4 billion in profits.The credit card companies say fees are just part of the cost of doing business. MasterCard has capped interchange fees for gas purchases of $ 50 or more, said company spokeswoman Sharon Gamsin. Accepting MasterCard also gives gas stations "increased sales, greater security and conv enience, lower labor costs, and speed for their customers at the pump," Gamsin said in an e-mail to the Associated Press. Visa argues that the fees are offset"by the tangible benefits to stations and their customers, such as the ability to pay at the pump," the company said in a statement to the AP.

试卷相关题目

  • 1Which of the following sentences can best describe the main idea of this passage?

    A.The gas station operator begin tosay"no" to credit cards.

    B.It is not convenient for both thecustomer and gas station managerto use credit cards.

    C.Why do customers prefer to usecredit cards?

    D.Howcansmallshopsavoidcustomers using credit cards in thefuture?

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  • 2What is the writer's attitude towards the two alternative designs of cars?

    A.Both are ideal for the customer topurchase.

    B.Car A is the most appropriate for themanufacturer to produce.

    C.Car B is a lttle more suitable both forthe customer and the manufacturer.

    D.He is quite confused.

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  • 3Which of following statements is NOT the similarity between Car A and Car B?

    A.The safety features of Car A and Bare of much resemblance.

    B.They both have a desirable rangeand speed for long journeys.

    C.Both share the features of lowemission and friendliness to theenvironment。

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  • 4Which benefits does the job offer?

    A.Days off for working nights

    B.Bonus for hitting targets

    C.Out-store discounts

    D.Subsidized travel to work

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  • 5What must one have done before if he intends to apply for this job?

    A.Worked at night

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    C.Taught new workers

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  • 6How much profit does the average gas station owner make on a gallon of gas?

    A.About 2%

    B.About $4

    C.11to12cents

    D.$ 60

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  • 7The word "shrink" in Paragraph 1, Line 13 is closest in meaning to

    A.decrease

    B.hold steady

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    D.go up and down

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  • 8What is the basic tone of the writer judging from the article?

    A.Critical

    B.Negative

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  • 9What is the purpose of the memorandum?

    A.To install the coffee machine in theoffices of each divisions

    B.To ask the suggestions as to how toimprove the office productivity

    C.To improve the office productivity

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  • 10What is the award given by the people who have good suggestions?

    A.To have a month holiday

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