Most merchants that accept American Express today have separate statements, settlements, contracts, and acceptance fees from their primary processor. American Express has also historically charged a higher transaction fee to their merchants than Visa or MasterCard. For these reasons, many merchants have opted to not accept American Express at all at their business, losing out on valuable profit.
Financial Fuel Services is excited to announce that we are now offering a new program specifically geared to help merchants overcome these obstacles and save money by accepting American Express. This new program is called the Opt Blue American Express Program!
This program will allow us to simplify the merchant’s card acceptance experience by providing all the servicing for American Express. With the Opt Blue American Express program, it has never been easier or cost effective to accept American Express at your business!
Below are some facts and benefits about the Opt Blue Program:
• FFS is able to offer a discounted American Express rate!
• The program is designed for merchants who process less than $1,000,000 a year in American Express.
• American Express rates are based off merchant’s industry and sale amount.
• Merchants will receive one consolidated statement for ALL major card brands.
• Merchants will receive one deposit for all major card brands.
• Speed of pay for merchants is 1-2 business days.
• American Express has a higher dollar amount spent annually and a higher average spent per transaction.
• Merchants can now accept over 150 types of American Express cards.
American Express customers charge $888 Billion dollars annually and tend to be very loyal to their credit card. In the fast-paced pay-at-the-pump world, pleasing the customer is key to success and accepting their payment choice can make a huge difference in ensuring that they return again and again.
Whether you currently do or do not accept American Express, FFS is ready to help you get set-up with the most competitive rates in the industry. Not only will you be paying less to accept American Express but you will see the benefit of additional sales.
If you would like to discuss the Opt Blue American Express program, please do not hesitate to call us directly. We’d love to help your business grow!