Thank you very much.
I want to let you know about the government in Australia, which I believe brought in a cap on credit card fees. They also brought in a carbon tax, which they just got rid of a couple days ago, so I wouldn't be surprised if the credit-card capping goes with it soon.
Now, I own retail businesses and have for 30 years. My credit card fees are 1.8% because I joined the chamber of commerce in Fort McMurray and they get me a 1.8% rate for Visa and 3.6% for American Express. It's the cost of business.
I understand there is a cost for convenience stores. You have an association. Why don't you go out and negotiate with these credit card companies to get better fees, or encourage them to join organizations such as the chamber?
We're talking 1.8%, in essence. I know that other buying groups charge about 1.2%. The truth is, that's $1 or $1.20 or $1.80 for every $100 purchased. Doesn't that seem like a fairly competitive situation if you have a clearing house, for instance, that is competitive. That is one question on which I would agree with you. Consumers want more and more treats from their credit card companies and somebody has to pay for those. We know that credit card companies are not going to pay for those. So who's going to end up paying? It's the merchants. And that is part of the attraction for them to do so.
Wouldn't you agree with that synopsis?