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In response to
"Does ST know: Is there a specific reason American Express charges merchants higher fee than MC/Visa? (Other than 'because they can')? -- nm"
by
ty97
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until recently, like the 80's, amex was like a foriegn service valet, conceirge where they would do travel agent stuff, lots of full service
Posted by
zeitgeist
Nov 4 '11, 15:40
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Also they used to have much higher income standards to become a member, so an amex card holder was usually more upscale. So merchants were willing to pay more
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