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I thought merchants not accepting Amex had more to do with high processing fees compared to MC/Visa. Amex is marketed as a premium card targeted at higher incom

by rchaud 2y ago

I thought merchants not accepting Amex had more to do with high processing fees compared to MC/Visa. Amex is marketed as a premium card targeted at higher income people so wouldn't that correlate with fewer charge backs?

supertrope 2y ago
You’re right on fees being the main reason. I was incorrect about the chargeback rate. https://www.clearlypayments.com/blog/how-merchants-can-manage-amex-chargebacks/ https://www.clearlypayments.com/blog/how-merchants-can-manag...