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Yes, because according to published information, all Stripe Amex transactions are at a loss.
by ianhawes 6y ago
Yes, because according to published information, all Stripe Amex transactions are at a loss.
- ceejayoz 6y agoI really doubt that. Amex and Visa/MC interchange rates have converged substantially over the last decade - Visa in particular is now more expensive than Amex on their Visa Infinite interchange rates IIRC. https://thepointsguy.com/news/amex-now-accepted-in-as-many-places-as-visa-mastercard/ https://thepointsguy.com/news/amex-now-accepted-in-as-many-p... > There is now little cost difference between Amex and other card networks today — Nilson reports only a .04% difference between Amex and Visa and Mastercard (2.3% vs. 2.26% respectively). > Amex attributes this shift in part to its OptBlue program. This initiative began in 2014 and provides a way for small businesses to accept Amex cards through a third-party processor (so long as that processor is partnered with Amex). Stripe is one of those OptBlue processors listed on https://www.americanexpress.com/us/merchant/optblue.html https://www.americanexpress.com/us/merchant/optblue.html.