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Re: Any American Express Cardholders who can help????
terzaghi #293429 02/23/10 12:20 AM
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 Originally Posted By: terzaghi
Does AmEx charge vendors more than Visa or Mastercard for purchases?


Yes, about 50 - 70% more which is why most (a lot of) places don't take it.

Re: Any American Express Cardholders who can help????
MarkSJohnson #293431 02/23/10 12:21 AM
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 Originally Posted By: MarkSJohnson
We still accept Amex, but I keep questioning why. As a vendor, they're a PIA to deal with, and I have yet to have a customer who has an Amex but doesn't also have a Visa or MC....


They offer monstrous amount of points for the users, which is why they charge the merchant so much.

I agree though, PITA.

EDIT: They are also VERY lenient compared to Visa/MC when it comes to giving credit to businesses. Good friend of mine opened a mechanical shop a few years back, Visa would not give him anything because he didn't want to use his personal credit so he could build the businesses' credit... Amex gave him 100k.






Last edited by Potatohead; 02/23/10 12:23 AM.
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