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I thought the EU had regulations on credit card fees? As I understand it, the Amex isn't widely supported because Amex's fee-heavy business model wouldn't be al

I thought the EU had regulations on credit card fees? As I understand it, the Amex isn't widely supported because Amex's fee-heavy business model wouldn't be allowed to launch. Visa's highest tier cards (Visa Infinite cards, such as the Chase Sapphire Reserve), already have higher fees than the Amex Platinum. The difference is, Visa won't let merchants ban single cards (you have to accept ALL Visa cards), while banning Amex meaning you are banning mostly high tier cards and losing nothing on the low end.

kalleboo 3y ago
The EU regulations are on interchange fees that are paid between the issuing and the acquiring banks. With Amex, Amex themselves are both the issuer and the acquirer, so there is no interchange to regulate. https://curia.europa.eu/jcms/upload/docs/application/pdf/2018-02/cp180012en.pdf https://curia.europa.eu/jcms/upload/docs/application/pdf/201...