American Express is launching the \u201cDiscount Refund Option\u201d program in July 2011. Merchants will now have the option of receiving a refund on their credit return Discount fees in exchange for a 0.40% increase to their current discount rate.<\/p>\n
American Express will mail all existing Amex clients a letter beginning Tuesday, May 31st, 2011 explaining the program details.<\/p>\n
Mentioning the obvious make sure you do NOT choose this option. Sure when you do a refund you no longer will be stuck with the original discount rate charge but you will be paying 0.40% MORE for ALL your Amex transactions.<\/p>\n
Another perfect example of card issuing companies trying to take advantage of merchants.<\/p>\n
A sample of this letter is attached.FINAL_One Point RDR Communication_Generic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" American Express is launching the \u201cDiscount Refund Option\u201d program in July 2011. Merchants will now have the option of receiving a refund on their credit return Discount fees in exchange for a 0.40% increase to their current discount rate. American Express will mail all existing Amex clients a letter beginning Tuesday, May 31st, 2011 explaining … Continue reading American Express – Discount Refund Option<\/span>