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So we stopped taking the card. Apparently lots of other merchants stopped too, because whenever anyone tries to pay with an Amex card and we tell them we don't take it, they usually say something like, "Man, nobody takes Amex anymore. Wonder why that is?"
I was wondering, does anyone know how this works? Does Amex offer merchants promotions where it allows the merchant to waive these fees because Amex is reimbursing them?
my amex customers spend on average 20% more than the other three.
It's only if there are no alternatives available will I whip out the Visa.