That is the biggest BS I've heard in some time. Maybe go ahead and compare the interchange fees of AMEX compared to other cards and then there benefits and income requirements.
If it's not obvious it's the whole points/cashback scheme in Canada and especially the US what's driving up the fees for businesses and in the end all customers no matter the payment method.
Either we should have regulated maximum fees like the EU introduced and/or allow sellers to charge fees for certain payment methods - now the only option is to not accept AMEX at all.
If it's not obvious it's the whole points/cashback scheme in Canada and especially the US what's driving up the fees for businesses and in the end all customers no matter the payment method.
Either we should have regulated maximum fees like the EU introduced and/or allow sellers to charge fees for certain payment methods - now the only option is to not accept AMEX at all.