Credit and Debit Card Fees
The convenience and fuel retailing industry paid $10 billion dollars in credit card fees in 2015, a 12.3% decrease from 2014 when the industry paid $11.4 billion in credit card fees. Credit card fees are the second-largest expense at the store level. Only labor costs are more.
Debit Holds for Fuels Purchases
As gas prices and the use of plastic at the pump have increased, consumers are increasingly concerned about the debit "holds" on their accounts.
Foodservice at Convenience Stores
While convenience stores have offered fresh, prepared foods for years, it is only over the last decade that the trend has accelerated. The result is that convenience stores have continued to evolve from gas stations that happen to sell food to food retailers that happen to sell gas.