If you’re willing to carry the
cash, a bill in Wisconsin could lower the price you pay at the pump.
A pair of bills in the state
legislature – AB398 and SB180 – would eliminate a mandatory surcharge retailers
must charge in order to provide credit card payment methods at their stores.
The current charge is the result
of a contract signed between the retailer and the credit card company, said
John Hogan, chief of staff for Sen. David Zien, R-Eau Claire, the Senate bill’s
co-sponsor. Hogan said this obligation results in a 3 percent fee on every fuel
purchase, regardless of the form of payment.
“Part of the contract that is
signed says they cannot offer a cash price to allow them to avoid a credit card
transaction,” Hogan said.
Under the new law, the contractual
obligation would be eliminated.
“It allows a gas or diesel retailer
to sell fuel for a cash price, because currently they can’t do it,” Hogan said.
“This would allow them (drivers) to pay cash with a discounted price.”
--by Aaron Ladage, Land Line