2 ms·
Merchant psychology has to be a big part of it. If Visa is charging you 2%, and Amex is charging 4%, Amex looks pretty expensive. If Visa is charging you 2% a
by cameldrv 17y ago
Merchant psychology has to be a big part of it. If Visa is charging you 2%, and Amex is charging 4%, Amex looks pretty expensive. If Visa is charging you 2% and Revolution is charging 0.5%, Amex at 4% looks outrageous, and you're going to start thinking more about dropping it. Once enough merchants drop Amex, people get frustrated that merchants won't take their Amex, and start reaching for their Visa first because everyone takes it.
- wallflower 17y agoI was at a U-Haul and was trying to pay with my Amex card. Kept getting denied (I don't have payment issues) and I finally had to pay cash. All the other customers used Visa/MC. The guy at the checkout counter later told me that Amex cards get denied a lot.