Comments on: American Express Discount Rate http://transfs.com/blog/2008/12/18/american-express-discount-rate/ Financially Speaking Tue, 09 Mar 2010 19:34:51 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Happy Card User http://transfs.com/blog/2008/12/18/american-express-discount-rate/comment-page-1/#comment-3625 Happy Card User Thu, 14 Jan 2010 18:00:02 +0000 http://transfs.com/blog/?p=123#comment-3625 I think in making these comparisons it's only fair to also factor in the following: A) Lost revenue from "bad" checks B) Lost revenue from counterfeit currency C) Cost of security, storage, and transport of hard cash D) Lost revenue from internal theft of hard cash (e.g., employees) E) Lost revenue from external theft of hard cash (e.g., robberies) Once these items are factored in, I believe the argument for card use is more compelling. I think in making these comparisons it’s only fair to also factor in the following:

A) Lost revenue from “bad” checks
B) Lost revenue from counterfeit currency
C) Cost of security, storage, and transport of hard cash
D) Lost revenue from internal theft of hard cash (e.g., employees)
E) Lost revenue from external theft of hard cash (e.g., robberies)

Once these items are factored in, I believe the argument for card use is more compelling.

]]> By: gregg http://transfs.com/blog/2008/12/18/american-express-discount-rate/comment-page-1/#comment-3623 gregg Wed, 13 Jan 2010 17:40:49 +0000 http://transfs.com/blog/?p=123#comment-3623 I experience a typical higher gross sale amounts with my American Express customers which offsets the higher fees. I experience a typical higher gross sale amounts with my American Express customers which offsets the higher fees.

]]> By: harold http://transfs.com/blog/2008/12/18/american-express-discount-rate/comment-page-1/#comment-3617 harold Sun, 10 Jan 2010 12:37:05 +0000 http://transfs.com/blog/?p=123#comment-3617 As a dentist American Express charges me 2.9%. It's not much higher than what I pay to accept Visa and Mastercard business cards. As a dentist American Express charges me 2.9%. It’s not much higher than what I pay to accept Visa and Mastercard business cards.

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