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Exclusive: AmEx Is Paying Up to Get Businesses to Accept Its Cards

AmEx Is Paying Up to Get Businesses to Accept Its Cards

American Express wants to close the gap with Visa & Mastercard, whose cards are accepted far more widely. To do it, the company is paying businesses of all sizes $10K to $450K to accept AmEx cards & sometimes totally waives all swipe fees. (h/t @JReed193 )

Good news: American Express is reducing the net amount it charges businesses. We need a lot more competition and a lot lower fees on merchants in the payment space. AmEx Is Paying Up to Get Businesses to Accept Its Cards

AmEx Is Paying Up to Get Businesses to Accept Its Cards

AmEx Is Paying Up to Get Businesses to Accept Its Cards

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