A class action lawsuit alleges Visa, Mastercard and some of America's largest banks have conspired to artificially inflate merchants' credit card transaction fees.
That was a big problem a couple decades ago, and with Discover even more so. But I can’t remember any time in the last 15 years when AMEX wasn’t accepted.
Maybe its regional. UK here and any time I see a sign saying a card isn’t accepted it’s always AMEX. By far more common in smaller shops where the fees are going to be more significant to them. Big chains don’t care.
Don’t forget that they charge everyone those fees, even the people that don’t use a card, so when someone pays with cash or something they get to just pocket the difference.
That was a big problem a couple decades ago, and with Discover even more so. But I can’t remember any time in the last 15 years when AMEX wasn’t accepted.
Maybe its regional. UK here and any time I see a sign saying a card isn’t accepted it’s always AMEX. By far more common in smaller shops where the fees are going to be more significant to them. Big chains don’t care.
Well, yeah… it’s AMERICAN express
In America all the merchants just charge the customer the merchant fees and call it a day
Don’t forget that they charge everyone those fees, even the people that don’t use a card, so when someone pays with cash or something they get to just pocket the difference.
No they just charge credit card users the fees, and encourage you to pay cash.