Tag: American Express

What I Learned by Spending $650,000 on My Credit Card Last Month | Entrepreneur

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That $659,635.62 charge may seem like a lot (and it is!), but there’s a reason I’m spending that much, which is what I want to explain here: That explanation begins with what American Express calls its Centurion Card but is more popularly known as the “Black Card.”

Over the years, I’ve spent so much with Amex that the company gave me one.

Now, the Black Card has an aura of exclusivity — it’s something that mostly celebrities and mega-rich people have. Because of its pros and cons, I’ve had one three separate times, weird as that may sound.

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 Questions Every Small Business Must Ask Their Credit Card Processor | Getentrepreneurial

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downloadSigning up with a credit card processor is a big step for small businesses. It allows small business owners to accept more forms of payment, which in turn drives revenue by making it easier and more appealing for customers to shop in the store. Before signing an agreement with a credit card merchant service processor, however, it is important to get all of your questions answered so that you know you are putting your business in the best position moving forward.

Start by inquiring about and understanding any contract requirements, as well as any processing rates as they relate to various types of cards. Get these rates for all cards, including corporate and rewards cards, in writing, so there are no surprise increases down the road. In addition, talk to your processor about American Express transactions, as well as the procedures for fee deductions from your account and if they offer next day funding. Finally, research a potential processor and consult other small businesses about their merchant solutions so you do not get stuck in a situation that does more harm than good.

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