5 ms·

I don't know if I would really "blame" the attendants, but underpaid and low morale people in position of security are a risk anyways, being an armed guard, a g

I don't know if I would really "blame" the attendants, but underpaid and low morale people in position of security are a risk anyways, being an armed guard, a gas pump attendant, a cashier or a money conveyer. I still don't really know how the people in power think about that, because they are the people perpetuating that.

mschuster91 11y ago
> I still don't really know how the people in power think about that, because they are the people perpetuating that. It's a risk-cost tradeoff. Many people desperate enough to work in these areas are happy they actually got even a shit job and don't intentionally defraud their employer (and losses due to customer theft are priced in, anyways). The bet is on those who are crazy/desperate enough to actually exploit the weaknesses in the system to commit bigger fraud - and how much damage is to be expected. Now, take the expected damage and contrast it with paying your employees more, and I bet that it's cheaper risking one or two 10K thefts a year than paying all employees more which can be, even if you're only running a 10-employee shop and raise salaries by 2-3K/yr, the cheaper option.
- sandworm101 11y ago
  Except that the station owners don't even see this as theft. The gas is sold. They get the money. That, or insurance pays for this crime perpetrated upon them. It is the CC issuer who most often takes the real hit.
  - mschuster91 11y ago
    > It is the CC issuer who most often takes the real hit. Well, in the end customers are paying with the (exorbitantly high) CC fees. It's all priced in.
    - shitlord 11y ago
      Are you referring to the penalties or the annual membership fees? Nobody I know ever pays the annual fee; it's rarely worth it, unless they have a very good rewards system. Although, I'm not sure what's worse, the penalties or the interest if you don't fully pay your balance every month.
      - throwawaysvs 11y ago
        The credit card networks charge merchant fees to process transactions. Those fees account for the cost of indemnifying cardholders against fraudulent transactions. The fees are passed along to customers in the form of higher prices, or come out of the merchants’ profits (or some of each). It’s all priced in.

mschuster91 11y ago

> I still don't really know how the people in power think about that, because they are the people perpetuating that. It's a risk-cost tradeoff. Many people desperate enough to work in these areas are happy they actually got even a shit job and don't intentionally defraud their employer (and losses due to customer theft are priced in, anyways). The bet is on those who are crazy/desperate enough to actually exploit the weaknesses in the system to commit bigger fraud - and how much damage is to be expected. Now, take the expected damage and contrast it with paying your employees more, and I bet that it's cheaper risking one or two 10K thefts a year than paying all employees more which can be, even if you're only running a 10-employee shop and raise salaries by 2-3K/yr, the cheaper option.

sandworm101 11y ago
Except that the station owners don't even see this as theft. The gas is sold. They get the money. That, or insurance pays for this crime perpetrated upon them. It is the CC issuer who most often takes the real hit.
- mschuster91 11y ago
  > It is the CC issuer who most often takes the real hit. Well, in the end customers are paying with the (exorbitantly high) CC fees. It's all priced in.
  - shitlord 11y ago
    Are you referring to the penalties or the annual membership fees? Nobody I know ever pays the annual fee; it's rarely worth it, unless they have a very good rewards system. Although, I'm not sure what's worse, the penalties or the interest if you don't fully pay your balance every month.
    - throwawaysvs 11y ago
      The credit card networks charge merchant fees to process transactions. Those fees account for the cost of indemnifying cardholders against fraudulent transactions. The fees are passed along to customers in the form of higher prices, or come out of the merchants’ profits (or some of each). It’s all priced in.