actually a lot of them don't accept it. It really buggs me. Sometimes as I'm shopping - I come to the counter and the lady goes "sorry, no american express", I ask why? she goes I don't really know. Can somebody please tell me? thanks
2007-10-10 02:30:53 · 11 answers · asked by Anonymous in Business & Finance ➔ Credit
Amex does charge more in fees.
But people are wrong about Discover they are even WORSE.
As Amex is a B2B card in my industry we have to take it, Discover on the other hand can kiss my royal red behind.
2007-10-10 03:44:18 · answer #1 · answered by Gem 7 · 0⤊ 0⤋
For each type of credit card a business accepts they get charged a merchent fee...American Express charges very high fees as compared with MC/Visa and Discover. Usually merchents need to make a decision as to whether to accept Discover or Amex (they almost all accept Visa/MC because debit cards have one logo or the other, and so many people carry debit cards now a days) because of the fees they choose to go with Discover.
2007-10-10 02:42:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Because American Express charges stores up to 6% in fees for their purchases. This is more than double other cards. Think about stores that may only be operating on 10-20% margins. Taking 6% out of every sale is a big dent to their bottom line.
2007-10-10 02:34:32 · answer #3 · answered by Jay P 7 · 2⤊ 0⤋
It has to do with the high fees the stores have to pay to Amex for accepting or processing a transaction with an AMEX card.
I worked in a store where we did accept AMEX but would only process once we had a few to put through because if do multiple transactions even on different cards they don't charge as much.
2007-10-10 02:35:28 · answer #4 · answered by Anonymous · 1⤊ 0⤋
I am not positive but I think a lot of it has to do with the cost the merchant has to pay to do service with AMEX. I have 'heard' that they charge ther merchants a much higher fee than companies like Visa, MC and Discover.
2007-10-10 02:37:37 · answer #5 · answered by Pat 5 · 0⤊ 0⤋
Such a list would be in the millions of names of stores. I found that having such a list really interfered with my PC's performance, and that the hard copy was too awkward to reference or to carry in my wallet.
2016-05-20 22:50:09 · answer #6 · answered by ? 3 · 0⤊ 0⤋
Many merchants choose not to accept Amex because they get charged more for each transaction than they do for VISA, MC, and Discover.
2007-10-10 02:33:48 · answer #7 · answered by Anonymous · 2⤊ 0⤋
Reason is amex costs more for businesses. If possible, grab urself a visa or mastercard. Goof luck:)
2007-10-10 02:37:32 · answer #8 · answered by Anonymous · 1⤊ 0⤋
AMERICAN EXPRESS comes from a company controlled by the DEVIL.....it's using the cards to spread viruses called DEBTs!!! super virus that is widespread across the world...
Use the alternative....CASH!!!
2007-10-10 02:36:11 · answer #9 · answered by Thumper 2 · 0⤊ 2⤋
They don't choose to use it simply put. That's why it's good to have a Visa or a debit card.
2007-10-10 02:39:30 · answer #10 · answered by Just Me 3 · 0⤊ 0⤋