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What e-commerce businesses should know about American Express (Amex) payment gateway

Thursday, 16 Dec, 2021

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The reign of cash as king is coming to an end, and credit cards are more popular than ever. In this article, we will explore why your business should accept American Express card payments?, what is the American Express payment gateway?, and which American Express payment gateway is ideal for your business?.

American Express payment gateway is ideal for your business.

American Express payment gateway is ideal for your business.

1. Why do consumers use American Express card payment?

Safety

When your Amex card payment is used fraudulently, you aren't out any money. You just notify your Amex card payment company of the fraud, and don't pay for the transactions you didn't make while the Amex card payment company resolves the matter.

Installment payment.

Credit Amex card payments can be used as a method of payment which facilitates consumers to pay for their purchase in recurring monthly payment. This means the buyers are able to consume before their incomes arrive. Moreover, Amex card payment issuer essentially grants them free or low interest charge along with possible frequent-use awards, and other enhancements.

Online businesses can benefit from installment Amex card payments, such as: increased sales and revenue, higher online conversion rates, increased basket size, more repeat business, and so on. Merchants assume no risk because they get paid in full at the time of purchase.

Contactless payments.

Contactless cards are great facilitators for your everyday purchases, and are rapidly becoming popular among consumers. According to a Federal Reserve study (2020) , today’s consumers use non-cash payment methods for 74% of transactions.

Biometric credit cards are being used across the world.

Biometric credit cards are being used across the world.

Now, 'Biometric' credit cards are being used across the world. American Express announced that biometrics including fingerprints and facial recognition using Safekey 2.0 not only to help secure online transactions and reduce fraud, but also promote contactless payments.

In brief, Amex card payments are more popular than ever thanks to their enhanced security, generous spending limits and rewards, and the rise in the demand for contactless payments since Covid-19 pandemic.

2. Why should merchants accept American Express card payments online?

Cardholders typically spend more than people paying by cash or check.

According to Forbes , people spend more when they are not limited to the cash currently available in their wallet. In addition to making larger purchases, people paying by Amex card payments are also more likely to make impulse purchases they may not otherwise make.

People who pay with Amex cards are more likely to make impulse buying.

People who pay with Amex cards are more likely to make impulse buying.

Maintain a competitive advantage to keep up with your competitors.

If you would like to expand your business with a presence on the web, Amex card payment acceptance is almost mandatory. Many businesses already accept Amex card payments online, and you may lag behind competition if your business does not accept Amex card payments. To survive, your business must accept Amex card payments in order to avoid losing your customers to them.

Boosted sales.

The simple act of accepting Amex card payments can give a significant boost to your business. One survey, sponsored by Intuit, found that 83% of small businesses that accepted credit cards saw increased sales. Research shows that sales can double or even triple versus current sales.

Greater loyalty.

Offering Amex card payments will establish repeat purchases from e-commerce customers.

Offering Amex card payments will establish repeat purchases from e-commerce customers.

As stated by American Express , 46% are more willing to try a new merchant when they see the American Express logo, and 65% would choose a merchant that accepts Amex card payments over one that doesn’t. 82% of American Express Cardmember say they typically determine if a merchant accepts Amex card payments at the merchant by looking for signage, or by asking if the business accepts the card. Therefore, e-commerce sellers can benefit from this group of customers when offering Amex card payments which will attract and establish repeat purchases from e-commerce customers who own American Express credit cards.

On the whole, whether you are a business or a customer, American Express card payment helps you reap the benefits of credit card payment. Therefore, it is time to abandon traditional payment method in favor of credit card payment option like American Express card payments.

3. What are card processing fees, and why are they applied?

To accept Amex card payments, merchants must pay interchange fees, assessment fees, and processing fees. These costs go to the card’s issuing bank, the card’s payment network, and the payment processor. In addition, merchants should know about these terms as well.

Interchange (Issuing bank fees): These fees are ultimately paid by the merchant to the issuing bank, and then shared with the issuing processor and card program manager. Interchange is set by each card network and is non-negotiable.

Assessment fees (dues or assessments): A collection of fees paid to the card network (such as American Express). Assessments are not negotiable but can change (up or down) and are reviewed by the networks twice a year.

Processing fees: This is what you pay your credit card processor for use of the product. Typically, this fee is charged per transaction, in hidden fees, and monthly fees.

Merchants must pay interchange fees, assessment fees, and processing fees to accept Amex card payments.

Merchants must pay interchange fees, assessment fees, and processing fees to accept Amex card payments.

Authorization fee: This covers the amount it costs for a processing provider to authorize each transaction with a customer’s bank.

Minimum monthly service charge: This could be charged by an Amex card payment processing provider if your monthly credit card transaction fees don’t meet a minimum agreed amount.

Payment method fee: An amount charged to cover ‘higher risk’ payments, for example online transactions.

Chargeback fee: This is charged by some Amex card payments processing providers to cover costs when a customer requests a chargeback (reversing a money transfer).

Account set up fee: A one-off amount charged to get your business set up with the provider’s services. PayCEC’s Amex card payments offer free setup and no hidden fees, while other Amex card payment gateway providers would charge you the one-off setup cost.

It can be challenging to operate globally without the right American Express payment gateway. PayCEC’s Amex payment gateway makes it easy for merchants to get paid. Learn more (The fees and charges are subject to change from time to time).

4. How to accept American Express card payment online ?

Merchants prefer to accept payment methods that can be easily, safely, and inexpensively converted into good funds while consumers prefer to use payment options that are safe, convenient, and widely accepted.

E-commerce shops, restaurants that accept orders online and companies that provide digital services are examples of businesses that rely on online credit carding processing. If you want to accept Amex card payments online, you will need a digital storefront, such as an e-commerce store or website, and PayCEC’s American Express payment gateway.

PayCEC’s American Express payment gateway is a global e-commerce solution that reads and transfers payment information from a customer to a merchant’s bank account with comprehensive data protection and fraud management tools. In other words, its role is to collect the data, verify funds are available, and get a merchant paid.

After choosing PayCE’s Amex gateway, merchants need to establish a merchant account to enable your company to accept American Express payment. Creating a merchant account involves providing some information about your business and setting up a connection with your business’s bank account where money will be deposited.

Next, if you’ve built your own website, PayCEC’s technical support team will give you a hand in adding Amex card payments processing on your website. Fortunately, merchants don’t need to look for any training resource to understand how to integrate the Amex payment gateway into their website, because PayCEC’s American Express payment gateway has already provide merchants with build-in code integration guideline. After completing the PayCEC’s American Express payment gateway integration, merchants are ready to accept the Amex card payments.

5. PayCEC’s Amex payment gateway opens the door to convenience.

When you’re choosing an Amex payment gateway, ask yourself these questions:

Is it available in your country and those of your customers?

According to the Nilson Report , 99% of merchants that accept credit cards within the United States now accept American Express card payment. Moreover, American Express card payments are accepted in over 130 countries, with over 100 million Amex card payments in use. As an e-commerce business owner, you can't afford to overlook the possibility of accepting Amex international payments.

The PayCEC’s American express card payment is a suitable card payment method for any business that sells its goods internationally. Not only because it is a popular payment method all over the world, but also because paying larger amounts in your online store is no problem at all with Amex card payment. On top of that, your customer can pay for their purchases directly online. With PayCEC’s American Express card payment, you are guaranteed to have an enormous international reach of potential customers.

Does it keep financial information secure through encryption and other methods?

PayCEC’s American express card payment is a secure and fast credit card payment method, which applies American Express Safekey. This is a feature that uses 3D Secure smart authentication technology which adds an extra layer of security by offering a One-Time Password (OTP) including 6-digit code sent via your registered contact details such as SMS or email, and you need to enter the OTP to verify it’s you.

PayCEC’s American Express gateway boosts customer confidence in payment data security with American Express SafeKey. This security solution discourages any hacking attempts, and help protect your customers against fraud while shopping online.

PayCEC’s American express card payment is a secure and fast credit card payment method.

PayCEC’s American express card payment is a secure and fast credit card payment method.

Furthermore, PayCEC’s American Express gateway offers encryption and tokenization technology, which is the process of converting private information into encoded information (token), so that it cannot be read if accessed without the key required to decrypt it.

PayCEC’s American Express gateway increases customer satisfaction by building consumer confidence, which can help broaden business’ market reach, enhance the buying experience, and minimize shopping cart abandonment.

Does it add extra value to your business?

Along with the Amex card payment method, PayCEC also provides various payment solutions such as Crypto Payment Acceptance and Bank Wire Transfer, so merchants can offer each customer the best possible experience during their payment process. Now, you don’t have to worry about the Amex card payment acceptance anymore.

6. How does the Amex payment gateway work?

PayCEC’s Amex payment gateway handles the end-to-end process.

PayCEC’s Amex payment gateway handles the end-to-end process.

Step 1: The cardholder initiates a purchase, for example, by clicking a “Buy Now” button on the merchant's website, and chooses American Express as payment method.

Step 2: The Amex payment gateway goes into action, first checking with the issuing bank to make sure funds are available. It will ensure the transaction won't exceed the customer's credit limit or bank account balance.

Step 3: The Amex payment gateway sends encrypted card information to the Amex card payment scheme to process the transaction.

Step 4: The Amex card payment scheme approves the transaction, and the Amex payment gateway sends the information back to the merchant website to complete the transaction.

Step 5: The Amex payment gateway sends the information to the acquiring bank to move money from the customer's issuing bank account into the merchant's account.

If you are just getting started with a small business, the simplest option is to go with PayCEC’s American express card payment provider . PayCEC’s Amex payment gateway handles the end-to-end process. You simply sign up for a merchant account, then add code to your website, and now you can start receiving payments.

7. How to get consultation for setting up American express card payment ?

Merchant wants to find new opportunities through Amex card payments, or is interested to learn what PayCEC’s American express card payment can do for your business, just send an email to [email protected] or contact +44 2032 864370, our Relationship Manager is available 24/7 to assist you.

Get in touch with PayCEC’s Relationship Manager to identify the best set-up for your business and receive a custom proposal.

Get in touch with PayCEC’s Relationship Manager to identify the best set-up for your business and receive a custom proposal.

[Request a proposal]

Read more:

About PayCEC

PayCEC’s Amex payment gateway was established in response to the growing need of businesses to accept online payments more quickly and easily. In the digital era, our payment flow has evolved to work seamlessly and effectively across all platforms and devices. We pride ourselves on combining superior technology with first-class customer service.

PayCEC’s Amex payment gateway is a truly global payments platform that not only allows customers to get paid instantly and securely, but also withdraws funds to their business accounts in various currencies.

We have created an open and secure payments ecosystem that entrepreneurs and businesses choose to securely transact with each other online and on any device. We proudly maintain the highest level of client advocacy in the industry.

PayCEC Team

Frequently Asked Questions

For merchants who have no idea about what is American Express (Amex) Payment Gateway, PayCEC's Amex payment gateway is a global e-commerce solution that reads and transfers payment information from a customer to a merchant’s bank account with comprehensive data protection and fraud management tools. In other words, its role is to collect the data, verify funds are available, and get a merchant paid.

“How do I pay my American Express credit card online?” is a frequently asked question for Amex card owners. You can make an Amex payment through PayCEC’s American Express payment gateway. The cardholder initiates a purchase, for example, by clicking a “Buy Now” button on the merchant's website, and chooses American Express as payment method, then enters the credentials for card-not-present payment field. Next, the Amex payment gateway will do the rest.

Merchants can add PayCEC’s American Express payment gateway as a payment method to your webshop. Then, merchants need to establish a merchant account to enable your company to accept American Express payment from your customers, and easily withdraw funds to your bank account. Now, you already know the answer for “How can I take an Amex payment?“.

People who make payments online for American Express credit cards usually ask “How long does it take to process AMEX payment?”. Actually, PayCEC’s American Express payment gateway processes your payment extremely fast. It takes just seconds to be completed.

Merchants usually wonder “What payment method is an American Express credit card”, and PayCEC will get you the point. Credit Amex card payments can be used as a method of payment which facilitates consumers to pay for their purchase within 45 - 55 business days Moreover, Amex card payment issuer essentially grants them free or low interest charge along with possible frequent-use awards, and other enhancements.

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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

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