1.4 publishing schedule The American Express Merchant Reference Guide will change periodically. 566 RTLNS1 Retail Transaction Amount 1 (<$75.00) Non Swiped 1.90% + $0.10 N 567 RTLNS2 Retail Transaction Amount 2 ($75.01 - $1,000.00) Non Swiped 2.25% + $0.10 N 568 RTLNS3 Retail Transaction Amount 3 (>$1000.00) Non Swiped 2.70% + $0.10 N Unlike Visa and MasterCard interchange fees, American Express discount rates have relatively few qualification factors. News. As reported by Bloomberg, Visa interchange fees will go up or down, depending on your industry and the method of payment.This is the biggest change to Visa’s rates in about a decade, so you can bet that banks and merchants are paying attention. The Complete Guide to Amex Interchange and Processing Fees Unlike Visa and Mastercard, American Express credit card processing isn’t very straightforward. Visa, Mastercard & Discover 2020 Interchange Rate and Fee Structure Updates. American Express Interchange Rates & Discount Rate. To be able to use the OptBlue program, the business must process less than $1 million dollars in American Express … The interchange rate for Non-Qualified transactions will be increased to 3.15% + $0.10 for consumer credit transactions and 3.15% + $0.20 for small business credit transactions. The latest: Visa has changed the implementation date for its rate changes for a third time. American Express OptBlue Interchange Rates OptBlue is a program started by American Express (Amex) to offer an affordable way for small businesses to accept their cards. In case you missed it, Visa is planning to make major changes to its interchange rates in 2020. American Express discount rates for retail stores and restaurants will downgrade (meaning the rate increases) if a transaction is keyed-in rather than swiping a card, but most rates are the same regardless of transaction method. Interchange rates are set and regulated by Visa Canada, Mastercard Canada, Discover Canada and UnionPay International, whereas Wholesale Discount Rates are set by American Express in Canada. We reserve American Express OptBlue Schedule Of Fees Description Transaction Amount Percent Per Item Restaurant Tier 1 ≤$25.00 1.85% $0.10 Restaurant Tier 2 $25.01 – $150.00 2.45% $0.10 Restaurant Tier 3 Over $150.00 2.75% $0.10 Retail Tier 1 ≤$75.00 1.60% $0.10 Retail Tier 2 $75.01 – $1,000.00 1.95% $0.10 Retail Tier 3 Over $1,000.00 2.40% $0.10 The American Express Merchant Reference Guide is designed to follow the flow of the Transaction cycle - from Card acceptance, to Authorization, to Submission, to Settlement, to Disputed Charges, to Chargebacks. American Express: Amex is increasing their Network Access fee for all merchants that process on their OptBlue program, from 0.15% to 0.16% on all processing volume. Consumer Credit Merchant Segment Incentive Interchange. Though different in name, these are the same functionally. While some small businesses refuse to accept Amex because of higher costs, accepting this card allows you to capture the customers who prefer Amex. The American Express discount rate is composed of a percentage plus some fixed a fixed transaction fee. American Express doesn’t charge interchange fees, and instead imposes a discount rate. 06/26/2020. The Business-to-Business interchange rate on Small Business products will be eliminated as of July 2020. But American Express is a closed network. This structure gives Amex much more control over credit card merchant fees. That’s because Visa and Mastercard are both open networks, meaning anyone can issue cards. April 2020 Interchange Changes – Dates Have Been Extended. Customers using Amex tend to make larger purchases, with many Amex cards used for business and corporate purchases. ... in addition to some specific interchange rate increases. 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