At lunch time, a bunch of us was talking about the petrol station not accepting credit card in the northern region. Reason given was the petrol station owners claim that they lose nearly 50% of the profit to card transactions. Keywords are “lose profit” not “lose money”. If you read it correctly, they want more profit. In actual sense, they are not losing money but just want a bigger chunk of the profit.
In carrying out those actions, consumers like us are the victims as always. We need to carry cash to pump petrol.
One of my colleague said, if the owners are not happy, they can always surrender their license. I am sure other people will like to buy it from them. If you think hard, these station owners do not need to do much to earn a profit. Most of the work is done by the big oil company like marketing or advertisement. All they need to do is to oversee the station.
On top of that, these stations are asking for trouble because trading in pure cash will attracts robbery. Some of these stations are open 24 hours and believed me, no one want to work after midnight if they know so much cash is in the station. They better get good security guards.
Was it a wise decision? You tell me.
Actually, they are not targeting the customers, but they are trying to send a message to the banks that the credit card charges should be reduced. Banks will not do anything until the government comes into picture and government will not do anything until people are complaining.
So, see the picture now?
they are being ridiculous……our govt is useless to bow down to them and let them do that……
what if TNB say all must pay at their branch by cash because they don’t wan to pay commission to other ppl? OR water ? or Road Tax?
Mun: I do see that but it is not right for them to use the people to achieve their “greedy” goals.
Rice: Precisely!