According to a major processing source, effective October 1st, 2009, the American Express Monthly Flat Fee will increase from $5.95 to $7.95 per month. The Monthly Flat Fee is an often-used option for merchants expected to do very small amounts of American Express volume (less than $5,000 annually). The fee is also required (regardless of volume) for Internet-physical delivery, MOTO, and home-based merchants. This unverified information was per a memo distributed by a major national processor distributed to it’s agent base on August 13, 2009. According to the memo, American Express will formally notify affected merchants in the near future.
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