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Why You Should Accept The American Express Card?
Because the American Express Card has 51 million members who spent $234 Billion last year
14 Million American Express cardholders carry only the American Express Card
American Express Offers 2 Plans:
Discount Rate - Using this plan to accept credit cards online merchant account, you only pay American Express a small percentage of each transaction your customers make with the Card to accept credit card payment. There is no set monthly fee. Rates start at 2.95% to 3.25%
Flat Fee - Eligible merchants pay a monthly flat fee of $5, with no additional charges. Unlike the discount rate pricing plan, you do not pay an amount for each American Express sale and accept credit cards online merchant account. Businesses must have less than $5,000 in annual American Express sales, and submit, authorize, accept business credit cards and receive payments electronically to be eligible for this plan.
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American Express Statistics:
Frequent Internet users – 68% of Cardmembers who used the American Express® Card in the past month use the Internet and accept credit cards business.
Profitable customers – Cardmembers, who made an Internet purchase, spent $1,268 on average the past year on the Internet when they accept credit card payment.
Higher average charge — Cardmembers’ average charge on their American Express® Card is 17% higher than their average charge on other bankcards.
Loyal customers — 37% of Cardmembers who make purchases from mail order catalogs used only the American Express Card in the past three months and no other bankcards to accept credit cards business. 74% of Small Business Corporate Cardmembers, who spend at Business Service Providers, say they would be likely to switch their Business Service Providers if they did not accept American Express and another did.
Higher retail spending — Cardmembers who shop at Retail Stores spent an average of 31% more than bankcard holders on their last retail purchase.
Purchasing power — Cardmembers who shop at retail stores have an average income of $83,000.
Business spending — American Express serves more than 70% of the Fortune 500 with its popular Corporate Card who accept business credit cards.
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