Why isn't American Express as widely accepted as Visa or Mastercard?

Too many merchants that i have visited refuse to accept American Express for payment but would gladly accept Visa or Mastercard. I prefer to use American Express the most because it has 0% APR for 15 months and has offered a generous credit line of $14,000. The Visa and Mastercard that i possess have APRs like 17% and credit lines of around $2000. So obviously i would want to use AMEX wherever i can pay by credit card, but unfortunately too many merchants refuse. How come?

Why isn%26#039;t American Express as widely accepted as Visa or Mastercard?online loan

AMEX does cost more to process than other credit cards. In addition to that they also automatically withdrawal funds from the merchants account anytime a customer issues a charge back or disputes a charge, which happens often when a customer can not identify the charge on their card or forgets they made a purchase. Other credit card companies simply hold these funds as unavailable. They also have a lot of hoops that the merchant must go through to collect the money a second time which creates twice the work for the accounting and processing departments. For these reason we no longer accept them.

But as a customer they do offer great protection and convenience.

Why isn%26#039;t American Express as widely accepted as Visa or Mastercard?

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i think, but don%26#039;t know, that AMEX costs the merchant more, somehow.|||Just the name of the card itself implies that it is more of a domestic, American rightist financial company that hasn%26#039;t diversified as well as the other cards.|||Where i work. about 60% of transactions are done in cash, 25% on debit, 10% on Visa, and 5% on Mastercard.

Theres seriously, like 1 or 2 Amex transactions a day. its possible that taking it just isnt worth the hassle.|||Because AMEX charges merchants to be able to accept their card and then merchants have to pay for the processing. This way most small businesses can%26#039;t afford to accept the card but this adds to the prestige of other companies that do. They can AFFORD to accept the card and it%26#039;s supposed to be a luxury. Good business move because they charge the merchants enough to pay for those that don%26#039;t accept them.|||Amex charges the merchant 3% interchange fee while Visa and Master card only charge 2%. That%26#039;s why is not widely accepted.

Amex may have other benefit features that other cards don%26#039;t. For instance, you have extended warranty and concierge service. It will help you to get hard to find tickets for sport events or restaurant that you%26#039;re unable to book. Just call the concierge and they will help you to get the tickets that you want. You don%26#039;t need to pay for the service but you must pay fot the tickets. They even help you to organize party, wedding etc...

That%26#039;s why credit card companies offer high credit line and attractive rates so you use it more often.