> due to the transaction fees. This is actually a misconception. Amex has been competitive with Visa/Master for the past couple years, but haven't been able t

> due to the transaction fees. This is actually a misconception. Amex has been competitive with Visa/Master for the past couple years, but haven't been able to shake off the stigma that the processing fees are more expensive, since it is up to the actual business to accept Amex. > But in 2018, Mastercard and Visa credit had a swipe fee weighted average of 2.26%, while AmEx had 2.3%, additional data from The Nilson Report found. [0] [0] https://www.retaildive.com/news/american-express-catches-up-to-visa-mastercard-in-acceptance/571168/ https://www.retaildive.com/news/american-express-catches-up-... In the past Amex has been prohibitively expensive to accept, and relied on their status as a luxury brand to get people to accept them. I think the playing field is starting to reach an equilibrium across payment network providers.