BAKERSFIELD, Calif. -- A Bakersfield, Calif., Circle K Inc. convenience store is accepting currency from across the border, reported Bakersfield Now. The Circle K location is accepting Mexican pesos.
The chain has been accepting pesos at locations in Arizona for decades, according to the report, and in Texas and New Mexico for about a year, and now Circle K officials are testing the service at stores in California.
Company officials told the newspaper that accepting pesos has been successful and is a way of opening the market to all customers.
Circle K charges a small percentage [image-nocss] for the exchange rate it pays to its bank. The company has established a rate of exchange of 11 pesos for every U.S. Dollar, but the rate is subject to change, the report said.
Customers will see signs in Circle K stores indicating whether that location accepts pesos. Change for merchandise purchased in pesos will be given in dollars.
Circle K officials are looking into accepting Canadian currency, the report added, and some stores in the eastern United States accept euros.
Laval, Quebec-based Couche-Tard is the second-largest independent c-store operator in North America terms of the number of stores.Its network is comprised of 5,690 c-stores located in 11 large geographic markets, including eight in the United States—with more than 2,100 stores mostly branded Circle K—covering 30 states and three in Canada covering six provinces.
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