Originally Posted by
Mwenenzi
Amex has a higher % fee compared to Visa. Even my dentist and doctor do not accept Amex (and they are well paid)
Looks like it's about what I suspected: three party networks
are exempt. From
this:
A second concern was that reducing revenue from interchange could trigger a shift from four-party schemes to non-regulated three-party schemes classified as “foreign-issued”, which are not subject to the price controls.
That said, you'd think AmEx would want to be at least remotely in the same ballpark as Visa/MC for competitive reasons.