Shoppers Love Rewards Credit Cards, Retailers Hate Them

Re:Shoppers Love Rewards Credit Cards, Retailers Hate Them by agurk on Friday September 28, 2018 @05:21AM (#18092030)

Interestingly a barber in the City (of London) I occasionally go to started accepting Amex recently. I had asked them the first time I used them (back in 2008) why they didn't accept Amex and it was for the high rates.

When I asked why they'd started accepting Amex, they said that the rates on some rewards cards they were accepting were so high that Amex was better value for them.

I also assume it was helped that the demand for Amex is higher in the City than the UK average.

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Re:Shoppers Love Rewards Credit Cards, Retailers Hate Them by J-dawg on Friday September 28, 2018 @05:44AM (#18092113)

I've noticed a lot of smaller places have started accepting Amex because they use iZettle machines or similar.

It's funny that many medium-sized business will reject Amex, while a little burger stand at a farmer's market will (sometimes) accept it.

Perhaps iZettle have decided to take the hit on the Amex fees and charge a flat fee to their customers.

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Re:Shoppers Love Rewards Credit Cards, Retailers Hate Them by techstrategist on Monday October 08, 2018 @07:11AM (#18166308)

Hi, I saw one of your old comments and was hoping we could chat about it as I'm going through something similar. Email is in profile if you're willing.

https://news.ycombinator.com/item?id=12099420

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Re:Shoppers Love Rewards Credit Cards, Retailers Hate Them by cbzoiav on Friday September 28, 2018 @08:11AM (#18092699)

There is a saying that your business isn't going anywhere in London if you don't take AMEX.

Not only are there a higher percentage of personal cards but a lot of corporates use them.

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