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American Express typically charges retailers a merchant fee that ranges from about 2.5% to 3.5% per transaction. This fee is generally higher than those charged by other credit card networks like Visa or MasterCard. The exact rate can vary based on factors such as the type of business, transaction volume, and the specific agreement between American Express and the retailer. Additionally, retailers may also incur other fees related to account management or service provisions.
What else can I help you with?
Why are American Express cards not accepted by a lot of retailers?
One of the reasons American Express cards are not as widely accepted by a lot of retailers is because they charge retailers more to be able to accept their card. Many of retailers do not meet American Express's high standards as well, limiting their acceptance even more.
Who is in charge at American Express?
Kenneth Chenault
Where do I find the american express employee directory?
Where can i find the name of the person who is in charge of american express vacation planning
Does American Express credit charge an annual fee?
"There are a variety of American Express credit cards available, and although some do not charge a fee, there are others such as the American Express Gold Card where I believe the annual fee is $125 per year."
How do you get cash out of an American express card?
You cannot...its a charge card
How does a member receive american express rewards?
A member can receive American express rewards by retaining an American express credit card. When the member has the card they can sign up for the service by calling American express. The member will then earn rewards by purchasing qualifying items from certain retailers.
What is an American express card a charge card or credit card?
Credit Cards are a type of charge card. American Express is a charge card brand that offers both credit and debit cards. It depends on the account type of the person using it.
What services are offered by American Express?
American Express is an international company that provides credit to millions, allows retailers better volume sales, and loyalty rewards allowing travel and more.
What is American Express' email?
japple1227--how do I receive an itemized statement of my charge account?
Why do a lot of places not accept American Express credit cards?
Credit card companies charge a fee for every transaction with their card and American Express fees tend to be higher than those of Visa or Mastercard, so some businesses avoid American Express to avoid this charge. Also, some companies have complained of American Express unexpectedly terminating their contract, hoping the other company will agree to a new deal that favors American Express more. Some companies do not appreciate this and refuse to sign a new contract with American Express.
What three kinds of charge accounts are available from stores?
Visa, American Express and Chase
Where can I use my Amex gift card?
You can use your Amex gift card at any merchant that accepts American Express cards as a form of payment. This includes online retailers, restaurants, and other businesses that accept American Express.
