Restaurant accepting Amex only?

[SouthJamaica]

Today was the first time in my life I went to a restaurant that accepted only American Express cards, and no other cards.

What's that about?

[Anonymous]

That is pretty funny! Around home I usually see restaurants that bring the bill to you in an AMEX-branded thing, but have the logo scratched out, taped over, or some other means of stating that they don't accept American Express.

Pretty funny to hear of the polar opposite

[Anonymous]

Don't leave home without it...cause you never know when you'll find a place that only takes it?
Good example of why its important to diversify.
Very odd instead.

[GalaxyStars]

That is awesome, you never hear that.

Alot of restaurants here ONLY allow Visa and Mastercard. Atlest the local restaurants. 

More than likely the business probably has a agreement with AMEX that gives them some type of benefit or discount to only accept Amex.

[aussiesareforever]

Do they disclose that fact upfront? They would likely be out a lot of money if customers realized after the meal that the restaurant only takes AMEX

[fltireguy]

As a former small business owner, I can say that AMEX can be absolutely awesome as far as discount rates, etc.. if they want your business. I was paying a rate that matched my MC/Visa processing rates, with no transaction fees. I have a friend that owns a small bar and pool hall, he is paying a flat $15 per month, with up to $5K of transactions. No discount rate, or transaction fees. AMEX can be weird, from  merchant's perspective...

[grillandwinemaster]

Weird...

Costco had there exclusivity agreement with Amex due to the large size and volume of the Costco portfolio. I can't imagine a small ma and pa restaurant having that kind of clout! But very cool. 

[wasCB14]

I think I've been there, too. Is the chef's specialty a $1.50 hot dog and soda?

[grillandwinemaster]

Nice! :-D 

Lol

I'm headed there as we speak. 

[sponge_gto]

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@fltireguy wrote:

As a former small business owner, I can say that AMEX can be absolutely awesome as far as discount rates, etc.. if they want your business. I was paying a rate that matched my MC/Visa processing rates, with no transaction fees. I have a friend that owns a small bar and pool hall, he is paying a flat $15 per month, with up to $5K of transactions. No discount rate, or transaction fees. AMEX can be weird, from  merchant's perspective...

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$15 for $5k is 0.3%. That's basically a freebie..