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the problem i have - is that AMEX did promise wider acceptance, albeit on pretty vague terms, but it was still a promise.
They only had to add one store to meet that promise! Just saying.
the problem i have - is that AMEX did promise wider acceptance, albeit on pretty vague terms, but it was still a promise.
They only had to add one store to meet that promise! Just saying.
maybe ive become a bit more sensitive to the matter, but I seem to notice more stores charging 1.5% ish flat rate for all visa/mc/amex cards
Annual of 50k wouldn't be a lot!I just applied for an Amex merchant facility.
Fees quoted are below.
**Crazy how they charge a higher fee the more volume you put via Amex.
1. A warmly welcoming Merchant Service Fee („MSF‟) of 0.95% excl GST) is payable on all American Express Card transactions.
2. The MSF in 1 above is a new business rate for our small merchants and is based on your business having an annual charge volume which is currently less than $50,000. We will conduct a review of your annual charge volume following the end of each month and, in the event that your annual charge volume increases to between $50,000 and $100,000, your MSF will increase to 1.35% excl (GST) within 30 days of our review. Further, in the event that your annual charge volume increases above $100,000, your MSF will increase to the standard industry rate which is currently 1.75% excl (GST). For the avoidance of doubt, your MSF will not be reduced if your annual charge volume falls back below the volume thresholds specified herein.
There must be a logical justification and reasoning for the inverse fee strucutreI just applied for an Amex merchant facility.
Fees quoted are below.
**Crazy how they charge a higher fee the more volume you put via Amex.
1. A warmly welcoming Merchant Service Fee („MSF‟) of 0.95% excl GST) is payable on all American Express Card transactions.
2. The MSF in 1 above is a new business rate for our small merchants and is based on your business having an annual charge volume which is currently less than $50,000. We will conduct a review of your annual charge volume following the end of each month and, in the event that your annual charge volume increases to between $50,000 and $100,000, your MSF will increase to 1.35% excl (GST) within 30 days of our review. Further, in the event that your annual charge volume increases above $100,000, your MSF will increase to the standard industry rate which is currently 1.75% excl (GST). For the avoidance of doubt, your MSF will not be reduced if your annual charge volume falls back below the volume thresholds specified herein.
There must be a logical justification and reasoning for the inverse fee strucutre
thats interesting, thats why when Isee huge companies like Jbh hifi or jetstar chargin 2-3% for amex, I used to scoff, but now I am not so sure nowI suppose Amex want us to get used to using Amex for minor touch and go purchases and therefore form a habit for all our other purchases.
Baristas and barbers etc. would be peanuts to Amex and if the turnover increased Amex would still get a higher fee.
My own pattern is to use Amex for supermarkets, petrol and larger purchases where the quantity of points earned are worthwhile (after considering the effect of any surcharge).
I am happy to automatically tender master card to small businesses, without the bother of having to think about whether or not they would accept Amex.
Having the unfortunate situation of my chihuahua suffering an unexpected seizure resulting in 2 nights in vet hospital & now considering neurological surgery, it would be great if Amex could venture out to the Health Profession in all categories to have it widely accepted with larger $ volumes. Our regular vet accepts it though.
I hope your dog gets better soon, that's not nice to have to deal with.
I've recently visited 3 vetsThanks Strikes, these situations that are common amongst breeds you find out as they come up & certainly not predictable especially if congenital from birth.
I know Amex market a merchant when a new big business is added (ie IKEA) but it would be nice to receive a monthly update for all new merchants across multiple categories of they’re serious about increasing acceptance amongst a reasonable interchange rate.
Our dentist accepts AMEX, but only if your appointment is at tooth thirty.