Amex cuts fees for small businesses to double its presence

[crossbow]

Article in SMH
American Express cuts fees for small businesses to double its presence

American Express is cutting the fees it charges small businesses by up to 1 percentage point under an aggressive expansion plan aimed at doubling its Australian footprint in two years.​

Can only be good news for us?

 

[lovetravellingoz]

Article in SMH
American Express cuts fees for small businesses to double its presence


Can only be good news for us?

As long as they do not lower the earn rate...

 

[opusman]

Based on past experience, do we think this will mean small businesses will:

• Reduce their surcharge for amex?
• Maintain their surcharge and pocket the difference?

 

[netgrom]

Based on past experience, do we think this will mean small businesses will:

• Reduce their surcharge for amex?
• Maintain their surcharge and pocket the difference?

Although past experience would suggest the 2nd, come July 1 isn't it now illegal so they will have to do the former? For the health of Amex it can only be a good thing but longer term surely this would learn towards lowering earn rates?

 

[Deleted member]

Based on past experience, do we think this will mean small businesses will:

• Reduce their surcharge for amex?
• Maintain their surcharge and pocket the difference?

Well I used my Amex today. And the fee was .8%. Where it used to be 2.4 %

 

[Mr_Orange]

Based on past experience, do we think this will mean small businesses will:

• Reduce their surcharge for amex?
• Maintain their surcharge and pocket the difference?

You cynic, you!

 

[albyd]

I'm not convinced Amex should be doing this to chase 'universal' acceptance. I'm only interested in Amex for the extra points. Otherwise no need to go out of my way to use Amex. As cardholders we either get points for 'free' or decide whether the surcharge is worth it. I put 95%+ of my spending through Amex so I don't think they have an acceptance problem.
Amex is my first choice payment method for obvious reasons. If they had to devalue the points to get closer to universal acceptance, I'd need to reconsider the extra effort I go to in order to Charge stuff to my Amex. I'd rather put everything on one card like MC/Visa with universal acceptance so I only have one account to reconcile and keep track of every month.