2006-10-24 09:11:48 · 10 answers · asked by zorba1360 2 in Business & Finance ➔ Credit
American Express charges the most of mainstream credit card brands for each transaction. Discover also has a somewhat higher fee to the merchant, which also reduces the participation by venders.
Most important, nearly all Amex cardholders also have a Visa or MC, which means that the merchant really is not losing business when they deny Amex transactions.
2006-10-24 09:35:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Because it costs $ for the company to run the AMEX... AMEX & Discover charge the most amounts vs. VISA and MC so its more cost effective for a business to not run AMEX or DISC - each credit card co takes a % of the sale
2006-10-24 09:19:59 · answer #2 · answered by Jill 3 · 0⤊ 0⤋
American Excess costs more than other credit cards in fees to process the transactions.
2006-10-24 09:16:44 · answer #3 · answered by cawillms 3 · 0⤊ 0⤋
That's why it's called American Excuse
2006-10-24 09:19:09 · answer #4 · answered by Anonymous · 0⤊ 0⤋
That how they pay for those "rewards" programs...they charge the merchant a large % of the sale
2006-10-24 11:01:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
because AMEX charge a higher commision than Visa/ mastercard.
It's a pain
2006-10-24 09:14:06 · answer #6 · answered by laura w 3 · 0⤊ 0⤋
Because they are the best
2006-10-24 09:40:16 · answer #7 · answered by Luckys Charm 4 · 0⤊ 0⤋
becasue they charge the company out the butt when they accept them....that's why we don't accept them any more.
2006-10-24 09:23:33 · answer #8 · answered by whatever2006 4 · 0⤊ 0⤋
higher cost
2006-10-24 15:36:47 · answer #9 · answered by Anonymous · 0⤊ 0⤋
because they have to pay a commission
2006-10-24 09:13:26 · answer #10 · answered by Anonymous · 0⤊ 0⤋