On: Apple Could Be Working with Goldman Sachs on a Credit Card

[clintonb]

AMEX has historically had much higher fees than Visa or MasterCard. Depending on your age, you may remember a time when AMEX was not accepted everywhere. The fees are why.

[gnicholas → clintonb]

There are still a decent number of places that don't accept AMEX. I ran into this at a shop in a high-end shopping center recently.