To Offer or Not Offer?
That's a question retailers have been asking themselves since American Express issued its first credit card in the 1950's. CCA Sports Retail Services is decidedly Pro-AMEX, and here's why:
1. American Express creates many opportunities to build your business.
By accepting AMEX, your business can capitalize on card members that are loyal, proven spenders. These customers are accustomed to putting purchases (especially larger ones) on their AMEX cards to receive the points/rewards that they offer.
2. AMEX is popular among an affluent clientele.
The average annual spend of AMEX Card Members is 3.7 times that of non-Card Members (source- Nilson Report #1,103, February 2017).
3. AMEX supports local businesses through its Shop Small program.
With Shop Small and Small Business Saturday, AMEX has literally created a movement encouraging people to shop at small businesses, which millions of customers have embraced nationwide.
Now you may be thinking, "That's all well and good, but I'm the one who still has to pay the higher transaction fee that eats into my margins." But what if you didn't have to pay the rate that you're currently paying for AMEX, which if you're like most active lifestyle retailers, is anywhere from around 3% or higher? What if we told you that you would pay a much lower rate for AMEX?
With our group volume, members of CCA Sports Retail Services pay a lower rate for American Express. The average CCA Sports member saves $1,100 for every $200,000 in AMEX processing.
Some of our own members did not accept AMEX prior to joining, but once they see what they will save at our rate, and do not have to change credit card processors to get this rate, they quickly realize that they can't afford not to accept AMEX!
