Dutch hotel owners are banning the American Express (Amex) credit card. A payment with an Amex card is disproportionately expensive for the hotel operators.
The department of Royal Horeca Netherlands has decided not to accept payments any more from the credit card company, according to The Telegraph.
High Credit card Commission Costs
Two years of negotiations were unsuccessful decrease the high costs of using the credit cards. President of hotels catering Frans Hazen speaks of ridiculously high commission costs.
Where companies like Visa or MasterCard charge us about 1.5% of the payment, with Amex the commission is between 2.95% and 3.85%, according to Mr. Hazen.
The recession is forcing the Dutch hotel sector to ban the American Express credit card and save millions of Euros.