0000028935 00000 n 0000010159 00000 n 0000037824 00000 n Low transaction rates. 0000012176 00000 n 0000008945 00000 n In the past, American Express® financed and processed each transaction — unlike Mastercard and Visa, which only process payments. American Express OptBlue® Merchants who process less than $1,000,000 per year in American Express transactions may be eligible for the American Express OptBlue® program. 0000028866 00000 n Merchants in this MCC with average Amex tickets between $250 and $3000 will see an interchange increase of 15 basis points. But because with everything else within the payments space, it’s imperative that you know how the agreement works and just what you’ll really be having to pay to simply accept American stock exchange cards. In order to qualify for a specific pricing level, you must satisfy certain qualification criteria established by American Express. EMV Credit Card Machines 2 AMERICAN EXPRESS PREFACE A significant amount of the fees that we charge to you for processing your Credit Card transactions represents charges charged to us by American Express under American Express rules. For full details on OptBlue, including the base Amex “interchange” rates, see our article American Express OptBlue. American Express is trying to shed its “expensive” reputation with its OptBlue program. With OptBlue, your provider sets your American Express rate just like they do for the other card brands you accept, so you have more rate options. In “American Express OptBlue Program May Reduce Processing Cost,” my article last month, I explained American Express’s new program called OptBlue. 0000073770 00000 n OptBlue is a program started by American Express (Amex) to offer an affordable way for small businesses to accept their cards. American Express OptBlue is introducing a Tier 4 for both Restaurant and Services/Professional Services interchange programs. It also uses a set of “base” rates that are the same for every processor. 0000086647 00000 n It has recently cut rates through a new program for qualified merchants, which we discuss in more detail below. H��W�n�6}߯�T@4�w�_�(�4����]�{m��ߡDJ���z7����pfx�p�spqw��ܐ�Ã�O?�F��N�N�����j�\_�]��H;yR/~����jqP׌ �o ��q)N�w����#9�,�)��:��U�2&H�F�P�8�8ո��^|)���Rw˲(�JU)��[x}��KR��7b��V��c ����'������xy�E5&�v�2����� Supporting American Express is likely to be more important if you sell higher value items or appeal to an affluent or tourist market. F9�M7X���o~� �`���X&��e���r>��GCO� Effective July 2020, the Card Networks are making several modifications to the interchange pricing structures which will be passed through to the overall effective merchant processing rates.The timing of this follows their standard pricing updates of Spring and Fall each year. But Amex admits paying only sign-up incentives and only to 133 merchants since 2018. 0000058115 00000 n Supported Payment Gateways And Point Of Sale, American Express OptBlue Wholesale Discount Rates, Here, customer service is king... (so is agent service), AMEX NETWORK FEES (Applies to all transactions), AMEX INTL CROSS BORDER FEE (Applies to all international transactions), AMEX KEYED FEE (Applies to all manually keyed transactions). 0000006732 00000 n Since OptBlue wasn’t well-advertised, some speculate that American Express gave too much power to processors, who took advantage of the situation and added huge markups to the new low rates. American Express OptBlue American Express made revisions to the Merchant Exclusion List globally. What does this mean for you? American Express Opt-Blue Wholesale Discount Rates. Receive low American Express ® rates while streamlining your merchant account. To keep up with Visa and Mastercard, American Express is offering sign-on bonuses to companies to offset start-up costs. 0000028378 00000 n Visa sent a document that outlined the proposal to banks. Your business can accept Amex credit cards under the same pricing structure as Visa, Mastercard , and Discover. American Express Optblue® Program: It is time to let American Express® Cards into your business. First Data claims that their OptBlue rates are non-negotiable even though we process almost $1MM/yr. Get a Call Back. Amex is a popular card used by customers around the world. American Express is increasing the General Assessment fee from 0.15% to 0.16% and the Inbound fee from 0.40% to 1.00%. Customers using Amex tend to make larger purchases, with many Amex cards used for business and corporate purchases. 0000054139 00000 n Payment processing companies make money by putting a markup on top… To qualify for the lower priced OptBlue program, a business must process less than $1 million dollars in AMEX credit cards annually. Our Chairman and CEO Stephen Squeri announced a major milestone in January – we reached our goal to close the gap in merchants that can accept American Express in the U.S. ... Sep 2020 - Press Release - For Immediate Release. Let’s explore the bare bones facts about what Amex OptBlue has to offer merchants, including its benefits, rates, who is eligible, and how to take advantage of OptBlue without falling prey to hollow marketing strategies. The processor can now offer interchange plus pricing on American Express merchant accounts, which provides better Amex rates. ?�.X?�k�k�b������� G�с The report has the biggest interchange structural changes that we’ve seen in a decade. American Express discount rates are based largely on a business’s merchant category code (MCC). Privacy Policy. ... Sep 2020 - Press Release - For Immediate Release. If your business is not eligible for OptBlue, please apply to accept American Express Cards directly with American Express. Merchant Cash Advance 0000054434 00000 n The 2014 introduction of the Amex OptBlue program by American Express (“AMEX”) was promoted primarily as an affordable way to facilitate the acceptance of AMEX cards within small businesses. �Q̆v��,e. 0000104672 00000 n In addition, they are modifying the rates and rules for Micro and Tiers 1-3 under those same interchange programs. American Express Discount Rates. Your submitted information is private and secure. American Express discount rates are based largely on a business’s merchant category code (MCC). Electronic Payments now offers OptBlue℠ Program for American Express ® Card Acceptance! :cp���` ����� �`O��UY��qu�9�|A\���C�m���x!Jg���!�~�!��U�݃�bc'[8~���g8Fu�>[�J����7K�j��������LT� 3. There is a way to save money on processing American Express credit cards - it's called OptBlue pricing. Unlike other card brands and B2B merchant accounts, American Express interchange rates increase with ticket or transaction size. Receive low American Express ® rates while streamlining your merchant account. Effective April 2019, American Express will change several Industry Pricing Categories and associated interchange tiers and rates for their OptBlue program. Your business can accept Amex credit cards under the same pricing structure as Visa, Mastercard , and Discover. OptBlue. Referral Partnership FAQ 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. Amex is a popular card used by customers around the world. 2 Merchant Operating Guide - U.S. Introduction::About American Express 1.1 About American Express American Express was established more than 160 years ago and has … American Express is now much easier to accept. ... Understanding American Express’s OptBlue. OptBlue program can be a good way for smaller enterprises to reduce the costs of processing American Express credit cards.It’s a pricing model for the Amex merchant account that can provide potential benefits to small businesses that take in less than $1 million in volume. July 2020 Interchange Modifications Visa, MasterCard, Discover and American Express OptBlue have announced new rates and service changes to take effect in July 2020. 0000013876 00000 n April 2020 Interchange Changes ... in addition to some specific interchange rate increases. However, thanks to the OptBlue program, since 2014 American Express has offered a viable way for small businesses to accept Amex cards. American Express Interchange Rates. American Express Interchange Rates. The Right Way. 0000002872 00000 n 0000001815 00000 n Accepting payment via American Express has long been a challenge for merchants; it used to require working with Amex directly, and the card fees were greater than what you’d pay for Visa or Mastercard. These card companies include Visa, Mastercard, AMEX, Discover. American Express OptBlue Interchange Rates OptBlue is a program started by … What is Amex OptBlue? Wind River is … American Express Payment Processing Options for Businesses. Referral Partner Application 0000010663 00000 n By accepting Amex, your customers can … Unlike the old days where you needed to work with American Express directly (and pay high fees! disclosed to third parties without the express prior written consent of American Express. ), now accepting Amex transactions happens just like Visa/MasterCard. 0000086899 00000 n One B2B merchant service provider contract. Amex Interchange Rates With OptBlue Agreements. American Express OptBlue Pricing As previously mentioned, the cost to merchants will vary based on the processor. Effective April 2020, the interchange fees (also known as swipe fees) for the major card networks will have some adjustments. Gift & Loyalty Cards, ISO/Agent Program Amex is a popular credit card used by many consumers from around the world. 0000028067 00000 n New affordable price points. Sources: Visa USA Interchange Reimbursement Fees published on April 13, 2019, Mastercard 2019-2020 U.S. American Express OptBlue® If your business is processing less than $1,000,000 per year in American Express transactions, you may qualify for the American Express OptBlue program. Call 855-894-6570. h�bbbd`b``$ � 3 endstream endobj 22 0 obj <>/Metadata 3 0 R/Pages 2 0 R/StructTreeRoot 5 0 R/Type/Catalog/ViewerPreferences<>>> endobj 23 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>>>>>/Rotate 0/StructParents 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 24 0 obj <> endobj 25 0 obj <> endobj 26 0 obj <> endobj 27 0 obj <> endobj 28 0 obj <>stream 0000014262 00000 n Fee Program Rules New rate AM Service/Prof Serv Tier 4 Transaction amount >$3,000.00 2.40% + $0.10 Suddenly, merchant-acceptance rates and merchant fees became a priority for American Express. American Express OptBlue. Referral Partner Permissions. All Rights Reserved. The commercial electronic interchange program from Discover is also being modified. Visit Our Newsroom . OptBlue Eligibility: OptBlue is limited to U.S. Small Merchants that have an estimated American Express charge volume of less than $1M per year, and certain industry and franchise restrictions apply. One merchant statement all brands. Standard Amex OptBlue® wholesale discount rates apply. Participant grants American Express , In “American Express OptBlue Program May Reduce Processing Cost,” my article last month, I explained American Express’s new program called OptBlue. 0000005657 00000 n It should be noted that these fees are not exorbitant and are pretty much the same as the same fees applied by Visa and MasterCard. However, the tides have turned as American Express makes a push to be available in more merchant locations and boost spending on its network. 0000104925 00000 n 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. Many American express cards are used by businesses and corporations and are usually used for larger transactions. So the credit card fees are typically higher for American Express cards. American Express® launched the OptBlue™ program in May 2014. Processors then add a markup on top of those base rates. Terms of Service. Understanding American Express Interchange Rates Interchange fees, and American Express interchange fees, in particular, are somewhat of a mystery to many merchants. April 2020 Interchange Changes – Dates Have Been Extended ... in addition to some specific interchange rate increases. Helcim has been offering American Express Opt-Blue to US merchants since 2014. 0000014100 00000 n American Express Technical Specifications within thirty (30) days of the publication’s release date. OptBlue Eligibility: OptBlue is limited to U.S. Small Merchants that have an estimated American Express charge volume of less than $1M per year, and certain industry and franchise restrictions apply. American Express OptBlue Program Pricing and Signing Guidelines will be revised in the U.S. Low transaction rates. 0000013989 00000 n 0000011066 00000 n OptBlue lets you accept American Express cards through the same credit card processor you use for Visa, Mastercard, and Discover. 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% + $0.10 N 0000007852 00000 n 0000001649 00000 n 2 Merchant Operating Guide - U.S. Introduction::About American Express 1.1 About American Express American Express was established more than 160 years ago and has … disclosed to third parties without the express prior written consent of American Express. With the OptBlue program, American Express provides standard “wholesale” (interchange) rates to processors, similar to Visa or Mastercard. 0000036966 00000 n But OptBlue was a game changer for American Express and Amex is now accepted at 99% of businesses that take credit cards. American Express Opt-Blue Wholesale Discount Rates. ... ESA and OptBlue®. Interchange rates change twice a year – in April and October. As a result, a portion of the rate that we charge you will depend on the type of transaction and the pricing level at which the transaction is processed. High-risk merchant services provided through Electronic Merchant Systems (EMS). 0000057788 00000 n October 17, ... OptBlue. MCC 6513 is now under the Services Industry Pricing Category. We're now excited to be introducing Opt-Blue to Canadian merchants at the end of October 2016! American Express Fee Changes Effective April 2020 � )X���>-�.+U4����?���!�J7䢬xѠ���1� ��j�J4w����I�#�Oc4y�]H��@��ᨸ��9�Y��,n~�u��uÀO��uZ[j�M� (�q�P��D��߬ �Kj�w�8rd��� �8~TB�� ��S 5�Q�S$�68�0�H�/�Y���%�%�]K�O�v��#�v�P�N�n1]� 7�24��9Cm.N�%��! 0000105274 00000 n 0000028403 00000 n Rolled out in 2015, OptBlue replaced American Express One Point. Pros and cons of American Express OptBlue If you already accept American Express — but process less than $1 million in transactions — joining OptBlue may help to reduce your processing fees. 0000054833 00000 n This program should lower the American Express processing cost for thousands of ecommerce, retail, and other merchants in the U.S. Your processor will set your rate for accepting AMX by adding its own markup to the interchange and assessment fees, just like it does with Visa and Mastercard. Current US Interchange Rates The term “Interchange rate” refers to the fees charged by the card companies for use of their cards. Fill out the fields below and a Host Merchant Services representative will contact you. 0000002706 00000 n First, there is a 0.15% network fee applied to the gross volume. ESA is American Express’ direct processing program, which means your account and transaction settlement is directly managed by American Express. Customers using Amex tend to make larger purchases, with many Amex cards used for business and corporate purchases. Wind River is carefully tracking the timing of additional changes. 0000037893 00000 n June 18, 2020. 0000010025 00000 n American Express is a popular credit card used by many consumers from around the world. 0000001958 00000 n 0000001396 00000 n 0000037472 00000 n Offers OptBlue℠ program for American Express ’ direct processing program, a business ’ s Release date Amex. Grants American Express can now offer interchange plus 1 basis point, but reps... 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