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Monday, January 30, 2023

YPF service stations will continue to accept credit cards

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This situation allows operators to receive accreditation within a period of 48 business hours, and also have a subsidized transaction fee of 1.3% within the framework of an agreement between YPF and the data processing company.

In this sense, the company “ensures the profitability of service station operators and makes it easier for its customers to purchase fuel through the acceptance of all payment methods, among other benefits.”

claim

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This announcement is part of the recent claim made by the Confederation of Hydrocarbons and Related Trade Entities of the Argentine Republic (Cecha), due to accreditation terms and commissions set by credit card issuers.

Among the main claims, the entity demands that the amount impact within 48 to 72 hours, and in turn, review the commission that they charge today for sales operated at service stations, where together with taxes they reach 1.5 to 1.8%.

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In this context, one of the main federations that make up Cecha has a favorable court ruling in the first instance for the province of Santa Fe, which substantially reduces both the tariff to 0.5% and the refund to three days.

Ultimatum

The Confederation called on the legislators to “take action on the matter” and promote the modification of the card law, “definitively establishing as a ceiling the 0.5% fee for payment operations with credit cards, whatever the bank or the issuing entity, and that the accreditation be reduced to 48/72 hours”.

However, if this demand is not met, the entity has been warning that the stations that make it up will stop receiving credit cards as a form of payment, as of February 1, 2023.

Source: Ambito

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