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> where they previously would have kept as little as $97 in some cases Or lower. A number of years ago I worked in an Apple reseller, and there were Apple prod
by danpalmer 3y ago
> where they previously would have kept as little as $97 in some cases
Or lower. A number of years ago I worked in an Apple reseller, and there were Apple products that wouldn't break even when the customer paid with AMEX, and that's only based on margin/card fees, not counting all other business costs.
IIRC AMEX could reach as high as 5% and Apple's wholesale discount could be as low as 5%. Possibly the worst two companies to be stuck between as a retailer!
- Havoc 3y agoYeah as much as I like my amex I fully understand when retailers tell me no amex accepted
- danpalmer 3y agoI think it works against them so much. I barely use mine because I can't use it at many small shops, can't use it abroad (because it's ~2% exchange fee), and often buy flights in other currencies to save so can't use it for those (big purchases).