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M0oP0o@mander.xyz 3 weeks agoAs 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 2 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 2 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).