Mar
21As we saw with the Haiti earthquake, Visa, Mastercard, and American Express are now waiving their interchange fees for non-profit donations to relief organizations providing assistance to Japanese people. Visa and Mastercard are only doing this until March 31st, while Amex is continuing this program until May 15th.
Mixed Feelings
Yes, it is good that these companies are not profiting from this disaster, but their good will is only temporary. American Express should be commended for continuing its interchange fee waiver a month and a half beyond Visa and Mastercard. If you are not able to make a donation until next month, you should make it with your American Express card as the charity you donate to will receive the entire amount of your donation.
At the same time, why do they charge these fees at all?
