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Oh. Why do stores still refuse amex then? Are visa and mastercard going below the cap on their high end cards?
by graeme 7y ago
Oh. Why do stores still refuse amex then? Are visa and mastercard going below the cap on their high end cards?
- ceejayoz 7y agoThe agreement was apparently just with Visa/MasterCard, and Amex works differently there, it seems. https://www.bloomberg.com/news/articles/2018-08-09/visa-mastercard-amex-agree-to-trim-interchange-fees-in-canada https://www.bloomberg.com/news/articles/2018-08-09/visa-mast... > Visa Inc. and Mastercard Inc. agreed to cut Canadian credit-card transaction fees in a move that could save smaller businesses C$250 million ($192 million) a year and crimp revenue for Canadian lenders. > American Express Co. agreed separately to support “objectives of greater fairness and transparency," the government said. AmEx doesn’t operate on an interchange model for its fees. The New York-based company remains “committed to improving the fairness of the Canadian credit card ecosystem,” company spokesman David Barnes said in an email.