It's In The Cards
Small-business-friendly American Express drops its merchant service fees.
Hoping to tap into the e-commerce and small-business trend, American Express has lowered its merchant service fees for small-volume vendors.
Companies handling less than $5,000 a year in American Express charges can pay just $5 a month. The new fee structure was a result of research revealing merchants preferred "flat fee" pricing, as opposed to paying a percentage of their total sales in merchant fees, says Joanne Fisher, AmEx director of public affairs. "Some people don't want to calculate what they're going to owe month by month," Fisher explains. "You can plan for what you're going to owe every month."
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