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IDK about absurd, it's commonly stated that Discover charges more than Visa or Mastercard, though. I've always read that AMEX charges the most.
by saxonww 5y ago
IDK about absurd, it's commonly stated that Discover charges more than Visa or Mastercard, though. I've always read that AMEX charges the most.
- polski-g 5y agoSeems dumb for the competitor with the smallest userbase to charge the most.
- rdtwo 5y agoHighest rewards but highest merchant cost. Turned out to be a pretty bad model in the end
- Kadin 5y agoI think Amex's sales pitch to merchants probably revolved around their cardholders being particularly affluent or spendy customers, likely to spend more. In the past they owned a big chunk of the corporate credit card space, so a business catering to business travelers pretty much had to accept Amex.
- starwind 5y agoAmerican Express generally charges the most. They get away with it with breaks for small businesses and arguing that Amex customers will spend substantially more in the shop when they come in. Visa and Mastercard’s merchant fees vary depending on what card it is. For most cards issued through those networks, the fees are lower than AmEx’s but for the highest end Visa Infinite (like the Sapphire Reserve) the fees are higher than AmEx’s. According to the merchant agreement, if you the merchant take any Visa’s you have to take all of them.