The Financial Times carried an article yesterday (paywall, or free if you google ‘Amex to woo retailers with biggest fee cut in 20 years’) in which the new American Express CEO talks of his plans to reduce merchant fees globally to encourage more retailers to take the card.
The graph below, taken from the article, is fascinating (click to enlarge).
This shows, globally, that despite a long-term decline Amex still charges an average merchant fee of 2.37%. This is heavily weighted by the US, which has merchant fees unheard of in Europe, but is interesting to see in the light of the 0.3% cap on interchange fees (which is the majority but not all of the merchant fee) now charged by Visa and Mastercard in Europe.
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