South Africa: Engen Breakthrough Success on Credit Card Fees

Engen has negotiated a breakthrough fee concession by the banks on VISA and MasterCard credit card payments that are  processed through our Secure Electronic Fund Transfer (SEFT) infrastructure.

  The deal has spurred a fuel payment revolution, as Engen dealers are now able to accept cost-effective card payments for fuel and other retail items at 600 of our 1-Stop and Quickshop service stations across the country.

The announcement follows a recent law amendment that allows dealers to accept cards – partly to accommodate the massive influx of international visitors expected in 2010.  Engen is backing up government thinking in this regard and gearing up to offer a world-class retail experience that is both safer and more convenient than ever before.  Engen is also well prepared to extending an African Welcome to all visitors, including the soccer fans from around the world coming to South africa for the soccer World Cup.

While the regulations don't compel fuel service station dealers to accept credit cards, Engen now  encourages them to accept cards covered by the deal, as a much lower fee than usual (1.75% of the amount of the transaction) will now be levied.

Engen is one of the first networks to respond to government wishes, across all their Quickshop sites as well as others that are able to manage SEFT transactions. To prepare for this new development, Engen automation department has been enabling all SEFT devices. Consumers are advised to look out for ‘credit card accepted' signage at participating service stations!

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