Amex Anti Trust Ruling

[Losluv]

Not sure if how this will affect MR but there may be some changes:

 

http://time.com/money/3715951/american-express-interchange-fees-rewards/

[Tileguy61]

not for a long time... this will be locked up in the courts forever or Amex will cut a deal with Justice.

[cv91915]

I thought anti-trust laws were supposed to protect consumers from monopolies.

[Losluv]

I thought anti-trust laws were supposed to protect consumers from monopolies.

Me too. This ruling protects the "oppressed" merchants. I see more Costco like fall out for Amex first before it affects us.

[swimmingwithsharks]

 

I thought anti-trust laws were supposed to protect consumers from monopolies.

Me too. This ruling protects the "oppressed" merchants. I see more Costco like fall out for Amex first before it affects us.

 

 

Once Amex started dealing with Wal-Mart (google Bluebird if you don't know what I mean), I knew everything we ever knew, had changed.

[Aahz]

I found the following line in the article very interesting...

 

 

[AMEX is] preventing merchants from encouraging customers to use other cards.

 

The only reason I got an AMEX was because I was planning a trip to Universal Studios and they offer a 10%-15% discount for using your AMEX card (details at https://www.universalorlando.com/Theme-Park-Tickets/Special-Offers/American-Express.aspx) which is EXACTLY what they are reportedly prohibiting merchants from doing with other cards.

 

Hypocrisy aside, nothing in this ruling requires AMEX to reduce their interchange fees. And I don't see too many merchants that already accept AMEX adding a surcharge to do so.

[JunkBuyersWorstNightmare]

I thought anti-trust laws were supposed to protect consumers from monopolies.

 

 

Where have you been for the last 35 years?