Comment on [Update: Valve Responds] Mastercard Denies Pressuring Steam To Censor 'NSFW' Games
M0oP0o@mander.xyz 3 weeks agoAmex charges up to 14% of every transaction. If a place takes it, they are almost always ripping you off.
Comment on [Update: Valve Responds] Mastercard Denies Pressuring Steam To Censor 'NSFW' Games
M0oP0o@mander.xyz 3 weeks agoAmex charges up to 14% of every transaction. If a place takes it, they are almost always ripping you off.
ripcord@lemmy.world 3 weeks ago
Amex typically charges between 1.7 and 3.3%.
M0oP0o@mander.xyz 3 weeks ago
As someone who does not take amex they want to charge me between 7% and 14%. Maybe if I did more sales they would not charge as much, but the reason amex is not taken in as many places as mastercard or visa is the 7% to 14%.
ripcord@lemmy.world 3 weeks ago
Weird. All the info I can fund shows a maximum merchant fee of 3.3% + $0.10 per transaction.
Even this article about the topic says the reason is because amex charges .5% - 1% more. Not 6-13% more.
Maybe it varies by country? Are you in NoAm or somewhere else?
M0oP0o@mander.xyz 3 weeks ago
I am in Canada, and amex is famous for charging way too much in merchant fees. They also charge it under a silly system based on the type of card used (the more “elite” the more the merchant pays).