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I think AMEX able to have higher fee because they're underdog in that market. For the same reason a lot of places in EU / UK dont like to take AMEX.
by SXX 2y ago
I think AMEX able to have higher fee because they're underdog in that market. For the same reason a lot of places in EU / UK dont like to take AMEX.
- AmericanChopper 2y agoAmex get away with it because their customer base is a niche of higher income earners. Merchants would rather not accept Amex, but a lot of them want to attract that demographic as their customers. So they each make their own decision about how to balance those concerns.