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0 pointstraceroute663y ago0 comments

> nasty regressive tax that transfers vast amounts on wealth from

As long as you're not a well off person with an AMEX card that regularly makes purchases outside of your AMEX card currency.

AMEX is nuts in that all non-home currency transactions go via USD.

So, for example, if you have a EUR AMEX and you make a GBP purchase, your conversion will go GBP -> USD -> EUR with AMEX taking a cut at each step along the way.

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simfree3y ago

American Express is a US-centric company, their rest of world market penetratiom and acceptance rates are much lower than in the USA.

Your use case isn't large enough to be a priority to American Express.

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