American Express Credit customers use the cards for both personal as well as business uses. The convenience and flexibility that an American Express Credit card offers is a great benefit. Many merchants mistakenly assume that accepting an American express card may be more costly than other cards. In fact, American Express offers them numerous advantages such as no annual fee, no monthly minimum and no online application fee. They even offer 2 convenient pricing plans to help merchants.
Advantages Of Accepting American Express Cards There are numerous benefits to accepting American Express Credit cards. You offer your customers a convenient option to use their cards, which can definitely improve your business by increasing sales, reducing cash collection errors and managing your accounts online daily. Merchants can also choose processing via traditional terminals, PC, or phone and accept orders online. There is no third party processing charges. Help is offered with regard to issuing credits and if the merchant needs a terminal they are offered 3 models to choose from. Merchants are also educated about how Direct Connectivity can eliminate processor fees. American Express also offers decals, signage, and industry-specific supplies as well as logos for merchant website and printed materials. And all of these items are free. American Express offers push/pull stickers, business-hour decals, items for doors, windows, and counters; business-card holders, clipboards, pens, check presenters, tip trays, coat check tags, plaques, checkout lane dividers, hangtags etc.
Merchants are also offered the advantage of Automatic Bill Payment from American Express enabling customers with recurrent charges to pay the bill automatically. This feature eliminates the fear of waiting for late payments, ensuring you need not send late notices or reminders to customers. If Merchants promote American Express products on their website they get paid for each referral. To qualify for a merchant account, a valid checking account with a US bank is necessary. For online businesses the Payflow [provided by American Express and VeriSign option holds, which is fast, reliable and secure means of accepting credit card payments online. It offers address verifications, fast transaction times, SSL encryption as well as being easy to install and use.
There had been a time when merchants did not seem to prefer American Express merchant accounts, but American Express countered it by reducing their rates and being able to compete better-adding new clients such as supermarkets and drug stores. Costco has an exclusive agreement with American Express.
American Express cards are very popular as there are many cards that are designed to suit the needs of various types of people, and these cards range from exclusive cards to the popular student cards. Credit cards can be useful especially those which offer 0 APR giving people a chance to get debt free in the event they have an outstanding balance due.