Lower Visa Fees

June 27, 2008 2:44:36 PM PDT
Visa has agreed to reduce the transaction fees it charges gasoline retailers, and that relief could trickle down to consumers who pay with credit or debit cards. The fees are a fixed percentage of every transaction - usually just under 2 percent. So each time gasoline goes up, so does the dollar amount of the feeds eating away at already very narrow profit margins for station owners.