what is the main reason why some businesses do not accept american express credit cards?\na. they dont like…

what is the main reason why some businesses do not accept american express credit cards?\na. they dont like the american express company so they boycott by not accepting their credit card.\nb. american express has higher finance charges for its card holders than other credit cards.\nc. american express charges a very high annual fee to its cardholders and customers often complain about this.\nd. american express takes a higher percentage of the transaction from merchants than do other bank cards.

what is the main reason why some businesses do not accept american express credit cards?\na. they dont like the american express company so they boycott by not accepting their credit card.\nb. american express has higher finance charges for its card holders than other credit cards.\nc. american express charges a very high annual fee to its cardholders and customers often complain about this.\nd. american express takes a higher percentage of the transaction from merchants than do other bank cards.

Answer

Brief Explanations:

Merchants are concerned with costs. American Express charges merchants a higher percentage of the transaction amount compared to other bank - cards, which cuts into their profits. This is the main reason some businesses don't accept it.

Answer:

D. American Express takes a higher percentage of the transaction from merchants than do other bank cards.