Up until October 15, 2022, Sniip was a consumer app with a consumer rate for American Express payments.
As you can appreciate, the rate we were charging was well below existing rates for business payments made using an American Express.
American Express identified that business payments were being made through our consumer app. We had the option of discontinuing our service for business users, or adopting the market processing rate for Amex partners facilitating business payments.
Notwithstanding that, we remain committed to being the most competitive in our pricing and will ensure we are adhering to that commitment.
We (and our users) know we have the best product and we hope you’ll continue to enjoy the many benefits of using Sniip too!