The Confederation of Hydrocarbons and Related Trade Entities (Cecha) urged all its associated entities to “continue receiving credit cards” without leaving the attempt that the demands of the sector take parliamentary status in the next ordinary sessions of Congress.
In this way, the idea that the stations that make up the entity stop receiving credit cards as a form of payment, as of February 1, 2023, as announced in December, was rejected.
The entity expressed itself “in support of the decision of the oil company YPF to continue accompanying its operators through fast and effective commercial solutions, which recognize the critical situation of profitability in the sectoramong other reasons, due to the exorbitant commissions that credit cards receive from service stations”.
On Tuesday YPF reported that the network made up of more than 1,600 service stations throughout the countrywill continue to accept payment by credit card since to date, there have been no problems with this method of payment.
Within this framework, Cecha urged all its federations and associated chambers so that “regardless of the flag in question, they continue to receive credit cards, while the underlying problem raised, referring to the legislative modification of Law 25,065”.
“We will continue fighting so that the bill amending the law in question takes parliamentary status in the next ordinary sessions of Congress, which already has a favorable judicial record obtained by our associated federation of Santa Fe (FAENI). Ruling that we fully endorse institutionally and politically,” Cecha said in a statement.
The entity also stated that “Credit card administrators cannot be allowed to misappropriate part of the profitability of the sector”.
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%.
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.
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”.
