C-Store and Petroleum retailers are struggling with the high cost of upgrading fuel dispensers to accept EMV cards. Sound Payments Petro Solutions is a multi-point, cloud-based technology offering a unique retrofit payment solution for the petroleum industry that is cost-effective, PCI compliant, and accepts EMV, Mag-Stripe, and Contactless payment transactions directly at the pump. Independent stations can now meet industry requirements without expensive upgrades or closing stations for several weeks.
The cloud adheres to internal systems and interfaces with standard industry protocols. Our deployment and industry strategy ensure a seamless transition and minimizes downtime by phasing deployment while also giving the option to temporarily run the old and new system simultaneously.
The all-in-one payment terminal supports QR code scanning, PIN-one-glass, MSR, EMV chip and PIN, NFC for Apple Pay and Google Pay, bluetooth and Wi-Fi, and includes a built-in security camera. The device is simple to install with only one cord for power.
The Petroleum industry has a mandate to move to EMV by 2020. Due to the infrastructure constraints, this can be a costly endeavor for Petroleum Stations (can be between $60-$200k or more for a smaller location). In the petroleum industry, the lack of cost-effective, simple solutions that allow for innovative consumer services while handling EMV puts many small to medium-sized companies at a disadvantage.
Endorsed by PAX Technologies, Sound Payments Petro Solutions has an answer to enable EMV without full construction. Our unique approach to this market allows it to provide a cost-effective multi-point, cloud-based solution that delivers EMV without the many hassles of traditional installation. Some of the hardships companies face include:
We can help solve challenges at a much lower price while providing the features and functionality to make a station more profitable. The up-front cost for a station is an average of $10k with a monthly service fee that is an average of $400. This estimate is calculated based on 8 pumps at a station and is the total cost per station.
Three easy steps to retrofit existing fuel dispenser: