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Economics/Wired / Wireless Credit/Debit Card Machine At Fuel Filling Stations

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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.

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Michael Taillard

Expertise

Accepts most economic questions

Experience

Consulting with major corporations, government agencies, political organizations, small businesses, non-profits, start-ups, and even individual people. Teaching at universities around the world, and developing original coursework. Performing original research and analysis. Writing books and scientific studies.

Organizations
American Economics Association

Publications
http://www.barnesandnoble.com/s/michael%20taillard You can also check Proquest for a small selection of my research.

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)

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