QuikTrip no longer allows lottery tickets to be purchased by credit card
08/20/2014 2:48 PM
08/21/2014 11:58 AM
To the disappointment of some, QuikTrip no longer allows customers to buy lottery tickets with credit cards.
“We’d love to be able to continue to do it,” says spokesman Mike Thornbrugh. “We just can’t.”
He says that “it’s a losing transaction.”
That’s because credit card fees cost almost as much as what states reimburse the company for selling tickets.
“It eats up all the margin,” Thornbrugh says.
In some cases, QuikTrip even sells tickets at a loss.
The company operates in 11 states. State rules and reimbursement levels vary. Some already didn’t allow tickets to be purchased with credit cards.
“It’s nothing but a financial decision,” Thornbrugh says.
“It’s not smart business to sell items and lose money. …That’s not typically what a retailer would do.”
About Carrie Rengers
Carrie Rengers joined The Eagle's Business team in 2002 despite her inability to even balance a checkbook. Fortunately for her, and readers, her Have You Heard? blog is about business scoops and contains lots of news but almost no math.
A Michigan native, Carrie’s father was quite tragically transferred to Little Rock, Ark., in the middle of her sophomore year of high school. To make matters worse, her parents put her in a girls school. She recovered, though, and went on to enjoy being an English major at Hendrix College (the Harvard of the Ozarks, don’t you know). She worked for the weekly Arkansas Business and the statewide daily Arkansas Democrat-Gazette before moving to Wichita to be with her favorite writer and cook, husband Joe Stumpe.
Carrie encourages readers to contact her with tips, questions, behind-the-scenes business news and even funny quotes from business people. Reach her at 316-268-6340 or firstname.lastname@example.org.
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