Argentina: Because of the profitability problems, more and more petrol stations do not accept credit cards

Between 800 and 1,000 service stations, he stopped offering credit cards as a means of payment to protest against crediting times and high commissions.

This is suggested by the Confederation of Business Entities for Coal (Cecha), which brings together 3700 facilities.

On the other hand, operators who provide service indicate that the context is complex and that the cost of funding becomes more expensive, La Nación said.

"Credit card payment is not a direct cause of a drop in profitability in itself, but because of the economic problems that this activity is going through, the company is becoming too expensive," he said. Financial Adviser to the Federation of Sebastian Vazquez.

And, in an interview with, it was found that according to FEC's studies among its associates, the cost of 8% and 9% of the so-called gross margin excluding taxes resulting from the equation resulting from the sale price was deducted from the purchase price, reduced by all taxes and fees for each transaction (VAT, IB, ICL, municipal, etc.).

With the example, he explained the problem: "If a liter of 40 pesos comes out, 10% symbolizes a gross margin so the owner of the slot machine will charge 4 pesos of profit, which will make the card absorb its 1.5% commission, which will be 60 cents out of these 4 pesos, .

Regarding the possibility of progress made by the Deputy Minister of Trade Ignacio Werner, CECHA, Contador Vázquez assured that "any reduction that may occur at the time of crediting will be an improvement over the current situation"

Finally, Vázquez reminded that it was urgent to deal with the other pending cases in parallel with the issuing cards, which affected the profitability of the fuel.

"Losses caused by temperature, asymmetries stemming from the Tax Exemption Act to regions far from Patagonia, bank cash deposit and commissioning fees that correspond to any operator who has contracts with oil companies are also issues that require quick solution, "he concluded.

Interviews between broadcasters and government are not new. They began in December last year, but have recently accelerated after the monthly inflation rate exceeded several percentage points, and the rise in payment cards.

The new AFIP rules can not stop offering at least one alternative electronic payment method. Therefore, he / she still accepts debit cards. Companies that provide this service charge a 1% commission.

When using payment cards, the commission is between 1.3% and 1.5%.

"The profit margin of service stations is between 9% and 12%, so the Commission is between 13% and 20% of total profitability," said Carlos Gold, CEO of La Nación.

He replies from the Chief Executive Officer: "The gas station has always been a major recipient in this area."

"We understand that they have lost profitability and that oil companies do not allow them to transfer all their costs at prices, but stations have the lowest tariff in the market, which is 1.3% while traders have to pay a commission of 2.35%." announced that it would fall to 2.10% on 1 January, in agreement with the government.

The deal in question is, however, 18 business days that the collection companies accepted to credit.

"There are 28 days left, and in other parts of the world, accreditation terms are much shorter," Gold said.

In this sector they explain that the accreditation period in other countries is smaller because "interest rates are lower and tariffs are higher". "In the United States, commissions paid by small businesses such as stations are between 3% and 4%," they said.

"This term is calculated in such a way that the mismatch is neutral and the issuer does not have to finance it. In short, this is a loan provided by a trader with a guarantee from the companies," they added and noted that the commission they charge corresponds to the credit risk they absorb, client acquisition and direct debit management.

An alternative is that gas stations ask for risk sharing with oil companies. With the exception of YPF, which sells fuel on a shipment – that is, it pays a commission on the unit for the liter sold – other businesses have a selling method.

"YPF is a client with 1,500 outlets, it is acting directly with the payment service providers, and it is different that each service station has to speak separately," they said in the company, saying that 30% of the total billing for fuel sales is via credit cards: , taking into account that large customers have different payment methods, such as cancellation with checks. "

The second system used by other oil companies is to sell fuel to stations with a suggested sale price. "Every station then moves the price to your needs, you can even charge a commission of 1.5%, YPF can not do this because the price is centralized," La Nación said in another company.

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