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"Mr. Scheeler testified that it cost the average convenience store $26,000 to upgrade its gas pumps and point-of-sale terminals..." Really? This strikes me as
by envy2 11y ago
"Mr. Scheeler testified that it cost the average convenience store $26,000 to upgrade its gas pumps and point-of-sale terminals..."
Really? This strikes me as a nice bit of hyperbole. Most convenience stores I've ever come across have, at most, two or three PoS terminals. Even the most expensive card readers with EMV support—the ones with the fancy colour screens, NFC, and so on—don't cost more than $800 or so.[1] Even with paying someone to set it up, I just can't see the average convenience store spending more than a few thousand dollars.
[1] https://www.barcodesinc.com/verifone/mx-880.htm https://www.barcodesinc.com/verifone/mx-880.htm
- nommm-nommm 11y agoThe kind of readers that are attached to gas pumps seem more expensive and do a lot more. EDIT: They look like this: http://kytx.images.worldnow.com/images/24359909_BG1.jpg http://kytx.images.worldnow.com/images/24359909_BG1.jpg if you aren't familiar with what US gas pumps look like.
- seszett 11y agoGas pumps often are not just a payment terminal though, they use an integrated system handling gas type selection, pump control and payment, so I can imagine they're a bit more costly to replace.
- ISL 11y agoHow much does an average convenience store make in annual profit?