Shops allow Amex because wealthy people use Amex. Not exclusively of course, and I certainly don't consider myself wealthy. But Amex cardholders charge far more than the industry average.
Also it's not just the ppl paying with cash subsidizing card usage. Cards that offer >1% cashback are usually more difficult to get, and targeted toward higher-spenders. These benefits are subsidized by the people using cards with no benefits.
Also it's not just the ppl paying with cash subsidizing card usage. Cards that offer >1% cashback are usually more difficult to get, and targeted toward higher-spenders. These benefits are subsidized by the people using cards with no benefits.