®Assessing the impact of the EMV deadline for gas stations
Sep 08, 2021
It’s been five months since liability for at-pump fraud for non-EMV compliant payments shifted to gas stations. But we have already seen several ways this is going to change the sector now and in the future.
Lori Griboski, VP, Petroleum Sales, Petroleum Card Services
Before the introduction of the liability shift for non-EMV enabled card transactions at the pump, we wrote several articles examining what the impact might be for gas stations that didn’t meet the deadline. That date passed in April 2021, meaning that it has now been several months since the new protocols came into effect. While only a short period of time has passed, we’re already seeing some of the consequences, particularly for those gas stations that didn’t meet the deadline, begin to have a significant impact.
No two service providers are alike. Before you sign a contract, always ask for full fee disclosure and a full explanation of all their fees. They can’t do much with card fees, but every provider has their own fee structure and should be able to give you a simple explanation of their fees on top of card, and processor fees. The list below are fees to avoid, and Veritrans can show you on your monthly statement if you’re paying them. The cancellation fee will be in your contract or free terminal agreement.
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