Apr 11
22
Petroleum Pay-At-The-Pump Merchant Accounts For Gas Stations
Gas stations, fueling centers and convenience stores are all high traffic, high volume businesses that must accept credit cards as a method of payment. Unlike traditional retail merchants, a petroleum retailer has unique needs in that it requires processing capabilities at both their fueling pumps, and inside the attached convenience store or service station.
A Petroleum Merchant Account can meet all of these special processing requirements at minimal monthly cost to your business. It’s important to work with a merchant services provider who is experienced in setting up petroleum retailers.
Petroleum & Gas Station Interchange Rates
Both Visa and MasterCard has assigned the petroleum retail industry special interchange rates which apply to fuel sales and small ticket items within your convenience store. Here is a listing of some of those special interchange rates that are available to you when setup with a Petroleum Merchant Account
Visa Gas Station Debit – 0.90%
Visa Gas Station Credit – 1.00%
Visa Gas Station Signature Debit or Credit – 1.18%
Visa Commercial / Platinum Debit or Credit – 1.15%
MC Petroleum Service Station Debit – 0.70%
MC Petroleum Base Credit – 1.90%
MC Petroleum Enhanced Credit – 1.90%
MC Petroleum Base World – 2.00%
MC Petroleum Base World Elite – 2.00%
MC Petroleum High Value – 2.00%
MC Petroleum World Business – 2.2%
MC Petroleum World Elite Business – 2.27%
MC Petroleum World / World Elite Corporate – 2.05%
Pay-at-the-Pump & POS Payment Solutions For Your Fueling Center, Gas Station and C-Store
Tailored Transactions specializes in processing credit card and check payments for the petroleum retail industry. We will properly set-up your C-store, fueling center or gas station to start accepting ALL major debit and credit cards including Fleet cards such as Wright Express, Voyager, FleetOne and Fuelman. Our petroleum payment solutions will seamlessly integrate with the latest in pay-at-the-pump payment technology and software innovations. Your customers will have the ability to pay for their fuel or goods quickly, and at the lowest minimal processing cost.
The credit card terminal that we recommend for inside your convenience store or service station is the Verifone Vx570. It’s specifically design with your industry in mind. Here are some of the key benefits that it provides:
- Can accept all Fleet Cards (most terminals do not)
- Gift and Loyalty Card Compatible
- IP Compatible
- Fuel Price printed on customer receipt
- Bold Display – Easy to read menu
- Built-in Printer
We can sell you this state-of-the-art terminal at cost, with no mark-up! We also offer FREE shipping on all equipment purchases.
Our Payment Technology Protects You Better
Our powerful processing technology is ideally suited for petroleum retail merchants facing the latest winds of change. From the latest encryption regulations to fraud protection and check conversions, our Petroleum / Pay-At-The-Pump solutions have several programs in place to help you limit your liability and reduce the chances of fraudulent activity.
» Address Verification System (AVS)
AVS reduces fraud and charge backs at the pump by mandating that customers must enter their credit card billing zip codes. If a customer fails to enter the correct zip code or enters it wrong, he/she is directed inside the store to sign for the transaction and to show their card.
» Frequency Checking
This provides merchants with the ability to choose the number of times from one to five, a credit card can be used at the pump within a 24 hour period. If a cardholder reaches his or her limit, he/she is directed inside to sign for their transaction and to show their card.
Datawire Highspeed Internet Communication
We provide a cost effective IP solution to the petroleum industry for pay-at-the-pump credit card processing utilizing all major networks and platforms including Buypass and Paymentech. Internet-based transport is now seen as the preferred alternative to various traditional transport networks (dial-up, leased lines, VSAT, private networks) that have been the standard for some many years.
» Advantages of IP Transport Solutions:
- High Speed secure transactions at a fraction of the cost of satellite
- Ongoing enhancements to Internet backbones enhance end user service levels and up-time.
- Automatic rollover to a speedy dial back-up line.
- Ability to accept Loyalty and Rewards card transactions in real-time.
» We Are Certified With:
- Verifone Ruby
- Verifone Topaz / Saphire
- Gilbarco G-Site
- Gilbarco Passport
- Wayne Nucleus
If you are currently using a different type of platform or hardware than what is listed here. Please contact us anyways if interested, we may still be able to help you!
Better Security – Lower Cost – Higher Profit Margins
Because of the thin margins within the petroleum retail industry, it is important for you to select a qualified merchant services provider that truly understands both your industry and the technology involved with it. Tailored Transactions processes for hundreds of petroleum retailers nationwide, we have the knowledge and technology needed to offer your fueling center or C-store superior service at minimal costs.
Visit Tailored Transactions online to learn more about setting up a Petroleum Merchant Account: www.tailoredtransactions.com/petroleum
You can also contact their office directly toll free at 888-669-1686 or email them info@tailoredtransactions.com
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