WASHINGTON — Card interchange has gotten more attention as rising fuel prices have both boosted what consumers pay at the pump and what gas stations accepting credit cards must pay in card interchange.

Gas station trade association maintain that gas station operators, particularly independents, mark up their gas 10 to 12 cents per gallon and an average interchange rate of 2%, gas stations have watched card interchange eat into their profits. At $3.00 per gallon, a station will pay six cents per gallon in card interchange, but at $4.00 card interchange rises to 8 cents per gallon. In California, where the average price of a gallon gas has hit $4.59, the interchange price is just over 9 cents per gallon.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.