- Centurion Member
- Posts: 106
- Joined: Wed Apr 03, 2013 3:16 am
- Location: nyc/ny
Scoach wrote:Which is totally bogus to me. I take AmEx on my ipad/iphone with Square. No way I'd lose a sale simply because of a processing fee. Price appropriately and it's no problem at all.
It is not YOU who is accepting AmEx as payment, it is Square doing so on your behalf. Same way Paypal accepts AmEx on behalf of all the Ebay sellers. they take care of all the things AmEx demands from merchants so you don't have to. If there is a problem AmEx doesn't call you, they call Square, then Square contacts you.
I work as a technology consultant. I take care of my clients' entire computer networks, including servers, workstations, everything. One of my clients is a small chain of privately owned stores. Visa/MC/Discover don't have any special requirements and their acceptance fees were much lower than AmEx. AmEx on the other hand not only forces down higher fees, they also makes me fill out these bogus quarterly "surveys" about my network's security to make sure their client's CC data is secured.
Junk I use:
AmEx Platinum for Mercedes Benz from, 75k spending ability
AmEx Everyday 8.99% + Prime, 44k CL
Chase Ink Bold, 35k
Chase Freedom (Converted from WaMu VISA) from '07, 5.99% + Prime, 30k CL
Junk I don't use
BoA Susan G. Komen Cash Rewards (converted from World Points MC) from '07, 7.9% Fixed APR, 30k CL
Discover IT (Converted from Discover More) from '08, 5.74% + Prime, 20k CL
AmEx Clear from '07, 4.99% + Prime, 10k CL
All 3 credit scores are over 800.