tag:blogger.com,1999:blog-12583005.post1118816592467503930..comments2023-01-04T02:09:40.565-05:00Comments on Albany Lawyer: PayPal and American Express (AMEX)Anonymoushttp://www.blogger.com/profile/16942422727278141113noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-12583005.post-77050705040840009392010-10-09T06:58:22.060-04:002010-10-09T06:58:22.060-04:00We pay the same 2.2% for Mastercard, Visa and Disc...We pay the same 2.2% for Mastercard, Visa and Discover, all via PayPal and Google Checkout. That's what we used to pay for AMEX. Now they want to increase to 3.5%? I don't think so.Anonymoushttps://www.blogger.com/profile/16942422727278141113noreply@blogger.comtag:blogger.com,1999:blog-12583005.post-41179553745310718362010-10-08T09:31:54.642-04:002010-10-08T09:31:54.642-04:00I do agree, however many merchants think they shou...I do agree, however many merchants think they should have a right to surcharge or otherwise get a lower fee for a product in which they get the benefits. They ignore the fact that checks and cash do have costs.<br /><br />Checks are declining however, do you plan to take electronic takes? I had no idea american express charges 3.5%, usually the average discount rate is 2.0-2.5% compared to visa FactFindernoreply@blogger.comtag:blogger.com,1999:blog-12583005.post-60056953563638040722010-10-01T02:13:56.556-04:002010-10-01T02:13:56.556-04:00We do save a little money on checks, but you have ...We do save a little money on checks, but you have to counter that with the hassle of preparing deposit slips, making copies, going to the bank and bookkeeping. Online payment is easier for us.<br /><br />For larger fees the check has the advantage, but then again, if the client wants to pay with a credit card, at least we get paid. And we find credit card payments far less likely to bounce.<br />Anonymoushttps://www.blogger.com/profile/16942422727278141113noreply@blogger.comtag:blogger.com,1999:blog-12583005.post-12838584935260632422010-10-01T01:45:54.099-04:002010-10-01T01:45:54.099-04:00We can have a big debate regarding interchange and...We can have a big debate regarding interchange and merchant fees, however I am wondering what American express intends to do, nearly everybody who carries an american express card also carries mastercard or visa and possibly discover.<br /><br />American express is geared for many higher spending consumers who many want the points or for corporation account spending. However, for many years banksFactFindingnoreply@blogger.com