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This is a bit of a tangent, but my parents owned a gas station in the late 90s and early 2000s. When they bought it, pay-at-the-pump was rare. Towards the end o
by nilkn 7y ago
This is a bit of a tangent, but my parents owned a gas station in the late 90s and early 2000s. When they bought it, pay-at-the-pump was rare. Towards the end of their ownership, it was becoming common, and they were under a lot of pressure to install it. The installation was going to cost more than $250k on top of eating into the profit margin on gas sales (through credit card transaction fees) and discouraging folks from going into the store -- and in-store sales were by far the primary profit generator, as gas margins were low, zero, or negative depending on the constantly changing state of hyper-local competition and global gas prices. They opted to just sell the entire business instead and let it be someone else's problem.