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Question
Dear Prof Dr Michael

http://en.wikipedia.org/wiki/Credit_card_terminal‎
http://www.ebay.com/bhp/wireless-credit-card-machine

Do you feel Wired / Wireless Credit / Debit Card Machine should always be available at all fuel filling stations for the customer as a choice of payment other than cash to fill fuel in their vehicles ?.

The availability of these facility may be available in fuel stations located in Urban metropolitan cities rather than rural areas in all countries ?.

Awaiting your reply,

Thanks & Regards,
Prashant S Akerkar

Answer
It would depend on the individual filling station.  If a given station will increase sales volume so that the additional net income exceeds the cost of maintaining the credit/debit equipment, then yet, they should have it.  It the station's customer base tends to pay in cash, and the cost of maintaining the credit/debt equipment would cost more than the additional net income, thereby resulting in a loss, then no, they should not have it.

Economics

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Michael Taillard

Expertise

Accepts most economic questions

Experience

Economic Consulting: American Red Cross; US Strategic Command -- Economics Lecturing: Bellevue University (Bellevue, NE) Huijia College (Beijing), OPII Schools (Omaha), Madonna University (Livonia), Schoolcraft College (Livonia), ZomBCon (Seattle), Zombiefest (Lincoln) -- Media Appearances: Dead Man Working (2012 Movie documentary), The Heartland News (Omaha local news outlet)

Organizations
American Economics Association, Business Networks International, Midwest Writer's Guild, Zombie Research Society

Publications
Economics and Modern Warfare: The Invisible Fist of the Market (Palgrave Macmillan) -- 101 Things Everyone Should Know about Global Economics (Adams Media) -- Corporate Finance for Dummies (Wiley) -- Psychology and Modern Warfare (Palgrave Macmillan) -- Analytics and Modern Warfare (Palgrave Macmillan)

Education/Credentials
PhD (Financial Economics; honors) -- MBA (International Business Finance; honors) -- Grad School Certificate (International Business Management; honors) -- BS (International Business Economics; honors) -- AA (Business Administration; honors) -- Certificate (Chinese Language and Culture) -- Trade School (Transportation Logistics; honors)

Awards and Honors
Philanthropy awards and nominations for the OPII Schools economic experiment

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