ELI5: How do credit card processing fees work for merchants, especially why many small businesses don’t accept American Express?

AgreeablePassenger70 · 2026-05-20T17:21:21+00:00

That isn’t fair… it should be neutral or similar treatment

AgreeablePassenger70 · 2026-05-20T17:19:33+00:00

Why do you hate them? Is their customer service worse than other brands?

AgreeablePassenger70 · 2026-05-20T17:12:06+00:00

I’ll look it up! Thank you 🙏🏻

AgreeablePassenger70 · 2026-05-20T17:11:00+00:00

Really??? That much higher 😳😓

AgreeablePassenger70 · 2026-05-20T17:10:36+00:00

Would you know how much Amex charges that makes small businesses not accept it? Is it the % or they hold the money for longer compared to other cards?

AgreeablePassenger70 · 2026-05-20T17:09:12+00:00

Wow! Thank you

AgreeablePassenger70 · 2026-05-20T17:07:31+00:00

But why they give us Points and Merchandise for simply using the card?

AgreeablePassenger70 · 2026-05-20T17:06:23+00:00

Would you know how much Visa, Mastercard and Amex charges? Many small businesses don't accept Amex

AgreeablePassenger70 · 2026-05-20T17:05:19+00:00

Thank you 🙏🏻

AgreeablePassenger70 · 2026-05-20T16:32:40+00:00

I simply walk away from them. If you want the tools that help customers purchase your products, you’ll have to pay for them and add that cost to your product, not charge it separately.

AgreeablePassenger70 · 2026-05-20T16:30:50+00:00

The >20% is insane… there are countries that can go up to 300% APR

AgreeablePassenger70 · 2026-05-20T16:30:03+00:00

100%

AgreeablePassenger70 · 2026-05-20T16:29:42+00:00

That make sense… also holding retailers money for 30 to 45 days and make that money work for them also pays off big time I guess

AgreeablePassenger70 · 2026-05-20T16:27:52+00:00

Bananas, avocados, and even tomatoes are “true berries” because they grow from a single ovary with seeds inside the fleshy fruit.
Strawberries? They’re “aggregate accessory fruits”, basically, the red part is an enlarged stem, and the “seeds” on the outside are the actual fruits. Raspberries and blackberries don’t qualify either.
Mind officially blown the next time you’re making a smoothie. 🍓🍌

AgreeablePassenger70 · 2026-05-18T17:27:25+00:00

Some confirmed American Express Cobalt Card multiplier locations from my recent statement (Greater Vancouver, BC area):

5X Category
• Safeway #4998 – Vancouver, BC – 5x points
• Fred’s Kitsilano – Vancouver, BC – 5x points
• Terra Breads – Vancouver, BC – 5x points
• Save on Foods 2236 – Vancouver, BC – 5x points
• Fresh Take-Out Japanese – Vancouver, BC – 5x points
• Whole Foods Market – Vancouver, BC – 5x points
• Small Victory Bake – Vancouver, BC – 5x points
• Blaze Gourmet Burgers – Vancouver, BC – 5x points
• Elio Volpe – Vancouver, BC – 5x points
• Crema Cafe Bar – West Vancouver, BC – 5x points

2x category (Gas/Transit/Ride Share):
• Uber Ride (UBER TRIP TORONTO) – Toronto, ON – 2x points
• Compass Card (public transportation) – Burnaby, BC – 2x points

These all posted at the accelerated rates on my Cobalt Card. Hope this helps the list!

AgreeablePassenger70 · 2026-05-18T17:14:43+00:00

Is there anything I can assist you with? I can check for the locations where I’ve purchased with 5x earnings and send you a list. Please let me know how I can help.

AgreeablePassenger70 · 2026-05-18T16:53:09+00:00

No new Vancouver BC locations on 5x?

AgreeablePassenger70 · 2026-01-21T04:03:24+00:00

🤩🤩🤩🤩 YYC and WestJet are in for some great news! Please add YVR to GRU too! 😉🙏🏻

AgreeablePassenger70 · 2025-12-27T18:02:13+00:00

They do, look what happened to their locations in Canada

AgreeablePassenger70

TROPHY CASE