6 ms·

Who is using Amex? Corporates?

by nodata 14y ago

freyfogle 14y ago
rich people
- timnash 14y ago
  The requirements for an Amex are not that high at least in the UK for their basic card.
  - mmahemoff 14y ago
    I think they still take a larger percentage though, so probably only worth accepting for higher-value transactions.
    - petercooper 14y ago
      Almost everywhere I go here in the UK accepts it (petrol station, supermarket, etc.) It tends to be small merchants who don't (local takeaways, particularly.)
talkingquickly 14y ago
I think that's a big part of it, particularly if you're trying for the procurement "loophole" which allows low to mid level employees to authorise spend of up to a certain level without going full a full blown procurement cycle. A lot of the big firms (in the UK at least) will use Corporate AMEX charge cards (rather than credit cards) for this purpose. If they can't pay on their Corporate AMEX they'll often have to go through a more drawn out process to get the payment made by some other method unless they want to make it on a personal card and then claim it back.
timnash 14y ago
Where possible I will use AMEX for all my personal transactions mainly as I have a longer interest free period on spends making budgeting easier, also while its a pure perception thing the few times I have had the need for a chargeback or had a problem with my card its been resolved in minutes. Of course as a merchant it's higher fees, has weird conditions attached to it and virtually all AMEX users have another credit card (indeed Amex provide me with a visa card for when I can't use my amex) so there is little benefit to supporting amex.
smiler 14y ago
Corporate clients and people with plenty of disposable income - i.e. good people to have as paying customers!
josephlord 14y ago
I strongly prefer Amex because the consumer bonus is better for me at least and even more importantly it doesn't take me through the Verified by VISA liability shift/security nightmare.* * Verified by VISA with my VISA card redirects to a third party domain (not the retailer or my bank) which then asks for DOB and very basic details to set a password (and little more is needed to reset the password). Even if fundamentally secure the user education message of this process is awful. I believe that some card providers make better use and of Verified by VISA mechanisms but not all.
petercooper 14y ago
In my experience, a lot of people who work in large companies who have authorization to spend decent money do. They can often get hold of a Visa or Mastercard instead but it seems to be more hassle to get authorized by a higher-up. Personally, I have an Amex too and I'm not rich or special but maybe it's different in the UK. I use it because I get a ton of airmiles and Amex never seems to get rejected or stopped for fraud checking purposes.
- justincormack 14y ago
  It is different in the UK. Amex is not widely accepted. The charges to the merchant are very high.

Who is using Amex? Corporates?

by nodata 14y ago

Who is using Amex? Corporates?

freyfogle 14y ago

rich people

timnash 14y ago
The requirements for an Amex are not that high at least in the UK for their basic card.
- mmahemoff 14y ago
  I think they still take a larger percentage though, so probably only worth accepting for higher-value transactions.
  - petercooper 14y ago
    Almost everywhere I go here in the UK accepts it (petrol station, supermarket, etc.) It tends to be small merchants who don't (local takeaways, particularly.)

talkingquickly 14y ago

I think that's a big part of it, particularly if you're trying for the procurement "loophole" which allows low to mid level employees to authorise spend of up to a certain level without going full a full blown procurement cycle. A lot of the big firms (in the UK at least) will use Corporate AMEX charge cards (rather than credit cards) for this purpose. If they can't pay on their Corporate AMEX they'll often have to go through a more drawn out process to get the payment made by some other method unless they want to make it on a personal card and then claim it back.

timnash 14y ago

Where possible I will use AMEX for all my personal transactions mainly as I have a longer interest free period on spends making budgeting easier, also while its a pure perception thing the few times I have had the need for a chargeback or had a problem with my card its been resolved in minutes. Of course as a merchant it's higher fees, has weird conditions attached to it and virtually all AMEX users have another credit card (indeed Amex provide me with a visa card for when I can't use my amex) so there is little benefit to supporting amex.

smiler 14y ago

Corporate clients and people with plenty of disposable income - i.e. good people to have as paying customers!

josephlord 14y ago

I strongly prefer Amex because the consumer bonus is better for me at least and even more importantly it doesn't take me through the Verified by VISA liability shift/security nightmare.* * Verified by VISA with my VISA card redirects to a third party domain (not the retailer or my bank) which then asks for DOB and very basic details to set a password (and little more is needed to reset the password). Even if fundamentally secure the user education message of this process is awful. I believe that some card providers make better use and of Verified by VISA mechanisms but not all.

petercooper 14y ago

In my experience, a lot of people who work in large companies who have authorization to spend decent money do. They can often get hold of a Visa or Mastercard instead but it seems to be more hassle to get authorized by a higher-up. Personally, I have an Amex too and I'm not rich or special but maybe it's different in the UK. I use it because I get a ton of airmiles and Amex never seems to get rejected or stopped for fraud checking purposes.

justincormack 14y ago
It is different in the UK. Amex is not widely accepted. The charges to the merchant are very high.