Magellan, a provider of card integrated fuel price protection programs, announced the launch of a user-friendly payment option plan: EZ-Pay financing. Designed to minimize the customer’s initial outlay, EZ-Pay provides clients with the benefit of locking in their fuel purchase at a fixed price without having a large upfront expenditure. Customers now can pay over a six-month term by prepaying one-third of the cost, and financing the rest at a competitive interest rate.
“Our primary operating principle is that businesses should have control over the price they pay for fuel,” says Michael Smith, co-founder and executive vice president of Magellan Fuel. “Our selection of price protection products puts fleet managers in the driver’s seat by helping them proactively manage one of their largest variable costs.”