Re:Visa, Mastercard $30B swipe fee settlement rejected by US...
by SXX on Wednesday June 26, 2024 @07:42AM
(#40798821)
I think AMEX able to have higher fee because they're underdog in that market. For the same reason a lot of places in EU / UK dont like to take AMEX.
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Re:Visa, Mastercard $30B swipe fee settlement rejected by US...
by AmericanChopper on Wednesday June 26, 2024 @09:18AM
(#40799703)
Amex get away with it because their customer base is a niche of higher income earners. Merchants would rather not accept Amex, but a lot of them want to attract that demographic as their customers. So they each make their own decision about how to balance those concerns.