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Accepting American Express Cards can help power your businesses

August 26, 2019

Accepting American Express Cards can help power your businesses

Accepting American Express Cards can help power your businesses

In today’s digital world, it is important for merchants to offer multiple card payment options to their clients. American Express can take merchants in the Kingdom of Saudi Arabia the extra mile with many of their unique service offerings.

Benefits of accepting American Express for merchants:

  • Higher Spending Power: American Express cards are targeted at customers with high purchasing power. Globally, the average American Express Cardmember spends up to 4 to 5 times over other Cardholders. This may be important for Saudi Arabian merchants who may generate more revenue by attracting high net worth customers from the region, including corporate cardmembers who are often mandated to use their Corporate card for business expenditure.

 

  • Associated Costs: There are several costs involved in teaming up with card issuing companies. Apart from initial costs, there are also operating costs, which need to be considered when drawing up the agreement. While it is important to minimize such costs, merchants should pay attention to the related benefits. Because American Express Saudi Arabia are renowned for serving premium customers, this may provide a better cost benefit ratio for your business.

 

  • Global Acceptance: American Express gives your business instant access to over 100 million Cardmembers in every corner of the world, including Corporate Cardmembers.

 

  • Customer Loyalty: One reason American Express Cardmembers are extraordinarily loyal to their Cards is because of their award-winning Membership Rewards program which keeps rewarding Cardmembers on their spend. This then allows them to redeem their points across a wide range of travel, Hotels, Charity and Retail products and more.

 

  • Strong Marketing Opportunities: Merchants in Saudi Arabia can use other services provided by American Express for boosting their customer base. American Express can help you grow your business by featuring your business in marketing campaigns such as the Amex Offers. In addition, they offer cardmembers SMS alerts for each transaction, online apps to keep track of their transactions and other safety features which build Cardmember confidence and thus encourage more card usage.

PayTabs collaborates with American Express Saudi Arabia to offer its merchants in the Kingdom of Saudi Arabia the ability to accept American Express cards as another alternate payment method. It further allows them to avail other exclusive services such as client acquisition, process benchmarking and planning tools. Grow your business with American Express Saudi Arabia when you tie up with PayTabs.


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