Swipe Fees

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chas0039
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Swipe Fees

Postby chas0039 » Fri Jan 31, 2014 5:05 pm

Does AmEx get a fee for each swipe in addition to to percentage of the charge?


rockyrock
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Postby rockyrock » Sat Feb 01, 2014 12:00 am

chas0039 wrote:Does AmEx get a fee for each swipe in addition to to percentage of the charge?


I'm pretty sure the swipe fee is a percentage of the sale. I'm also pretty sure someone will correct me if I'm wrong.
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FastSRT8
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Postby FastSRT8 » Sat Feb 01, 2014 11:34 am

Sounds about right.
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Reclusive46
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Postby Reclusive46 » Sat Feb 01, 2014 11:54 am

Unlike Visa and MC where their is generally a flat fee + a percentage (In the US anyway), Amex generally just charges a flat percentage and thats it. Thats why in the odd occasion you might come across places that have a minimum amount for cards but with the exception that you can pay by Amex for any amount.
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chas0039
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Postby chas0039 » Sat Feb 01, 2014 1:46 pm

Thanks all.



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