AmEx cards are accepted in some places, but much less than Visa or MasterCard. The reason for this is purely economic. AmEx charges merchants higher fees per transaction, so smaller businesses don’t accept them. The cards themselves are issued by a few banks in Europe but just aren’t popular.
Is the American Express card accepted in Europe?
US credit cards work throughout Europe (in hotels, department stores and restaurants, travel agencies, car rental companies, etc.). Visa and MasterCard are the most widely accepted. American Express is less common and the Discover card is unknown in Europe.
Why isn’t American Express accepted anywhere?
Why isn’t American Express accepted everywhere? … The reason lies in the interchange fees charged by credit card payment networks such as Visa, Mastercard, Discover and American Express. This fee is a percentage of each credit card transaction that a merchant has to pay to the payment network.
Is AMEX leaving Europe?
Therefore, the international giant has made a difficult decision and decided to terminate all of its banking license contracts in the European Union. … During 2019, American Express credit cards issued under agreements with independent operators will become invalid in all European Union countries.
Is Amex accepted abroad?
American Express is accepted internationally in over 160 countries and territories. …So when traveling abroad, you should probably take a Visa or Mastercard credit card with you without an international transaction fee, at least as a backup for the Amex.
Why isn’t Amex accepted in Europe?
You can use your US Amex card to make purchases or withdraw cash abroad. … In many places in Europe, for example, shops and restaurants prefer not to accept Amex payments because of higher merchant fees. This means that your card may not be accepted, especially in cheaper shops and family businesses. 5
Why isn’t Amex taken everywhere?
Why isn’t American Express accepted everywhere? If you have an American Express card, you may have visited merchants that accept other cards but not your Amex. The reason lies in the interbank fees charged by credit card payment networks such as Visa, Mastercard, Discover and American Express. 23
Does American Express ship internationally?
American Express is accepted internationally in over 160 countries and territories. This includes all members of the United Nations except those under US sanctions. However, Amex cards are more widely accepted in some international destinations than others. 9
Which country does American Express belong to?
March 18, 1850 in Buffalo, New York, USA. American Express Company (AmEx) is a multinational financial services company headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City.
