American Express Merchant Services
Does your business accept American Express cards from its customers? Are you still getting separate deposits and a statement from American Express? Digital Financial Group cannot only eliminate these but can also lower the fees associated with processing those types of cards.
Processing rates for American Express have typically been between 2.89% and 3.50%, but now you can pay as little as 1.80%! Obviously, that could be significant savings and we would like to help. In the past, if your business was required to accept American Express cards you had a separate account, you saw separate deposits, and the fees were much higher than Visa, MasterCard, and Discover. Obviously, this impacted American Express and because of that they integrated their processing so that now everything is together. That means your American Express transactions now get settled to your account with all your Visa, MasterCard, and Discover transactions from the previous day. It also means that your reporting is now included on the same statement as your Visa, MasterCard, and Discover transactions.
However, the best part of all is that we can now lower your transaction rates. When American Express integrated they reconfigured their pricing models to a tiered system based on transaction size. For example, $0 to $1,000 is as little as 1.80% for standard retail type businesses. Additionally, with the new program pricing, we now have some flexibility when it comes to how your business is priced. So give us a call today to see how these new changes may affect your business.Let’s Talk