What is American Express OptBlue?
American Express OptBlue enables merchants to receive their transaction in as little as 12 hours directly from the processor. This is a unique breakthrough in the payment services industry, which has only recently been made available. While the technology that makes this fast funding possible is quite complex, the OptBlue Program is very easy for merchants to utilize through BAMS.
As long as a qualifying merchant batches out by 7:00 pm (EST), all of that day's credit card funds are processed and made available to their bank account the next morning by 7:00 am (EST). This is known as 12-hour funding.
This applies to all credit cards: American Express, Discover, Visa and MasterCard.
Compare OptBlue Pricing
|Category||BAMS OptBlue||Traditional American Express|
|Discount Rate||As low as 2.30%*||As high as 3.50% per transaction|
|Transaction Fee||As low as $0.10 per transaction||As high as $0.35 per transaction|
|Statement Fee||Waived Statement Fee||As high as $7.95 month|
|Funding||12 Hour Funding||Delay of 3 to 5 business days|
|Reporting||Single Merchant Account Login||Amex Transactions Only|
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*For qualifying Industry SIC/MCC codes