Quote:
Originally posted by scottie0779
Agreed. If you're one of us that have a hard-merchant account (a machine in my office to take transactions for my computer business) you know that Discover and AmEX also take longer than Visa & Mastercard to process and payout. Their take is higher too.
I have 3 cards, two are straight up Visa, the other is a bank Debit card (also Visa). I'm with steffie - i will most likely never apply for another card again. Got too many already...
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Interestingly enough, Discover's discount rate is much less than Visa, Mastercard and American Express. American Express is the highest of the bunch at upwards of 1% above Visa and Mastercard.. This, based on experience with my own merchant accounts.
I'm not likely to ever want or need any more credit cards either. That's part of the reason I think 123Bill is a viable option, because it ultimately generates a bill in the mail with an automatic net 30 for the consumer.
Brad