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Reply #6: Very high discount rates [View All]

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Home » Discuss » Archives » General Discussion (Through 2005)

salvorhardin

(1000+ posts) Send PM | Profile | Ignore

Thu Apr-01-04 11:57 AM
Response to Reply #5

6. Very high discount rates

One of the reasons many merchants do not accept Amex is because the discount rates it charges merchants (the percentage fee of the transaction the merchant pays Amex for the privilege of taking the credit card) is quite high compared to Mastercard, Visa and Discover. Often around 3.5% if I recall correctly from my retail days while the others are down around 2% and perhaps as low as 1.8%.

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