Monday, January 4, 2010

10,000 Strong

Credit-card petitions making impact in local communities



VICKSBURG, Miss.
-- CSP is reporting that nine Kangaroo stores owned and operated by The Pantry Inc. began a petition drive similar to the one initiated by 7-Eleven late last year.  They are claiming that swipe fees (interchange fees) are unfair.  The Panty started their campaign on Dec. 18 by posting signs on each gas pump and placing petitions inside on counters. 



At one Kangaroo store, a manager told the newspaper 396 signatures had been collected in the first week. She said a lot of people who are signing do not realize fees are tagged onto each transaction. The fees amount to 2% or $2 per $100 that customers spend, but the stores insist that fraction claims too large a share of their narrow profit margin.

The North Carolina-based Pantry's campaign leader, Scot Knox, said the company wants to collect 1.8 million signatures at its 1,600 stores in 11 states during the month-long campaign. "We set that figure based on realistic goals per store," he told the newspaper. "That's roughly 35 signatures a day per store."

Across the country, the message is the same: credit-card fees are too high, and it's time to do something about it. As a result more than 10,000 convenience stores have joined the petition drive initiated by the National Association of Convenience Stores. (NACS)




Read the article in it's entirety at CSP











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