CStore Decisions

  • Home
  • Today on CSD
  • Categories
    • CBD
    • Foodservice
    • Fuel & Gas
    • Health & Beauty
    • Independent Operators
    • Operations & Marketing
    • Technology
  • CStore Playbooks
    • CBD Playbook
    • Foodservice Playbook
    • Technology Playbook
    • Alcoholic Beverage Playbook
    • Tobacco Playbook
  • Products
    • Hot New Products Contest
    • Beverages & Cold Vault
    • Candy, Gum & Mints
    • Snacks
    • Tobacco
  • Resources
    • Digital Issues
    • Research & Downloads
    • Podcasts/How To Series
    • On Location
    • FAQ
    • 2022 Top 111 Chains
    • Leaders in Convenience
    • Rack Prices
    • Sponsored Content
    • Videos
    • Webinars / Digital Events
    • White Papers
  • Events
    • 2021 Chain of the Year
    • Convenience Directions
    • NAG Convenience Conference
    • Young Executive Organization
  • Join
    • National Advisory Group
    • Safe Shop Assured
    • Young Executive Organization

conphil extends credit fee reduction

By CSD Staff | August 30, 2007

Share
Marketers offered lower processing rates through Sept. 30.

ConocoPhillips said its temporary credit card processing fee reduction on all Visa, MasterCard, Discover and American Express transactions has been extended through Sept. 30.

The oil company, which first announced the fee reduction on May 3, said the extension is aimed at helping its marketers compete more effectively.

“ConocoPhillips understands that as part of a strong brand value offering, our credit and debit card fees must remain competitive,” the company said in a statement released to Convenience Store Decisions. “Studies have shown that ConocoPhillips’ bundle of credit and debit card fees has remained historically competitive within the industry. The recent environment of high retail prices for motor fuels has put additional focus on the cost of payment transactions. While credit card companies have not provided relief, ConocoPhillips has chosen to reduce processing fees temporarily to help our customers save money.”

The reduced fee structure is as follows: * Visa reduced from 2% plus 10 cents per transaction to 1.9% plus 10 cents per transaction. * MasterCard reduced from 2% plus 10 cents per transaction to 1.9% plus 10 cents per transaction. * American Express reduced from 2.5% plus 10 cents per transaction to 2.4% plus 10 cents per transaction. * Discover reduced from 2.5% plus 10 cents per transaction to 2.4% plus 10 cents per transaction.

Related Articles Read More >

bp Shares Plan to Decarbonize the Texas Gulf Coast
7-Eleven Expands Convenience Through Tech
Thorntons Opens New Store
Enmarket Teams Up With Veteran Carriers to Feed Truckers
Safe Shop Assured

CStore Decisions Newsletter

Sponsored Content

  • Create Some Positivity at the Pump: 3 Ways to Fuel Customer Experiences
  • How Minuteman Food Mart Ensures a Consistent Customer Experience Across 44 Stores
  • Three Challenges Disrupting C-Store Operations and How to Overcome Them
  • Why Wait? Converting to E15 is easy.
  • It’s time you profited from your checkout line

Get the Magazine

Subscribe Now!
Subscribe Now!

Manage Current Subscription
CStore Decisions
  • New CSD Print Subscription
  • Manage current print subscription
  • CBD Retail Trends
  • CStore Products
  • NAG Convenience Conference
  • Convenience Directions
  • Rack Prices
  • Subscribe to CSD’s E-Newsletter
  • About CStore Decisions
  • Advertise

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search CStore Decisions

  • Home
  • Today on CSD
  • Categories
    • CBD
    • Foodservice
    • Fuel & Gas
    • Health & Beauty
    • Independent Operators
    • Operations & Marketing
    • Technology
  • CStore Playbooks
    • CBD Playbook
    • Foodservice Playbook
    • Technology Playbook
    • Alcoholic Beverage Playbook
    • Tobacco Playbook
  • Products
    • Hot New Products Contest
    • Beverages & Cold Vault
    • Candy, Gum & Mints
    • Snacks
    • Tobacco
  • Resources
    • Digital Issues
    • Research & Downloads
    • Podcasts/How To Series
    • On Location
    • FAQ
    • 2022 Top 111 Chains
    • Leaders in Convenience
    • Rack Prices
    • Sponsored Content
    • Videos
    • Webinars / Digital Events
    • White Papers
  • Events
    • 2021 Chain of the Year
    • Convenience Directions
    • NAG Convenience Conference
    • Young Executive Organization
  • Join
    • National Advisory Group
    • Safe Shop Assured
    • Young Executive Organization