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In the US Costco, for credit card payments in the store or fuel pump, only accepts American Express. Cash, checks, and (I believe) debit cards are also accepta
by tclmeelmo 11y ago
In the US Costco, for credit card payments in the store or fuel pump, only accepts American Express. Cash, checks, and (I believe) debit cards are also acceptable in the store.
- Havoc 11y agohaha. Yeah its the exact opposite in Europe. Everyone accepts Visa & Mastercard but Amex is hit & miss like 50/50. And it mostly comes down to trying because the clerks don't even know if the PoS machine accepts it.
- saryant 11y agoIt's also the exact opposite virtually everywhere in the US. Only accepting Amex is extremely rare here. Much rarer now that Costco is switching to Visa.
- gburt 11y agoI would be eager to find an analysis of how Amex lost the Costco account. What a painful loss that must be...
- tclmeelmo 11y agoThis article might be a good starting place: http://www.bloomberg.com/features/2015-how-amex-lost-costco/ http://www.bloomberg.com/features/2015-how-amex-lost-costco/
- Matt3o12_ 11y agoThat is because AMEX charges much higher fees. At my dad's shop, it's about 3% while visa/master card is only 1.5%.m (I'm not 100% sure though). Since my dad mostly has high volume purchase (and only one or two a day) the 1.5% can mean a lot. He also says doing business with AMEX is hard (if there was an error) because he gets ridiculously few purchase and they don't consider him valuable enough. And everybody who has a AMEX CC in Europa has a Visa or master card as well.
- Havoc 11y ago>That is because AMEX charges much higher fees. That does seem to be true mostly. Shop near has the opposite though - Amex card use is free but for Visa & Mastercard there is a surcharge. Thought that was a bit weird.