After failing to come to terms with Costco in March for a contract renewal beyond 2016, American Express has inked Sam’s Club for card acceptance as of October1st. The membership warehouse club serves 500,000 small business owners every day and offers tons of opportunities for AmEx despite Sam’s razor thin profit margins.
The companies noted the acceptance of American Express throughout the more than 650 Sam’s Club locations in the U.S. and Puerto Rico will provide Card Members with access to high quality-products, brands and services at a great value.
Both Sam’s Club and American Express share a strong commitment to customer service, delivering high-quality products and services, and helping small merchants grow. Sam’s Club, a division of Wal-Mart Stores, Inc., offers a broad array of products including fresh produce, apparel, home décor and electronics, along with a robust suite of member-exclusive savings on travel, prescriptions and fuel. In addition, the membership warehouse club serves 500,000 small business owners every day.
American Express is also a strong advocate of small merchants, providing support through products and programs such as Small Business Saturday, Shop Small, Merchant Financing and OptBlue, the company’s small merchant acquiring program that enables easier Card acceptance. With 55 million cards-in-force in the U.S., the company offers a wide breadth of innovative products, rewards and benefits to its high-spending and loyal Card Members.
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