Instamojo enables processing of American Express cards on a case-by-case basis.
The transaction fee for domestic American Express cards is 3% + ₹ 3 and 4% + ₹3 for American Express cards issued outside of India. This price excludes the GST.
Also, note that Instamojo processes payments in Indian Rupee (₹).
Processing of domestic AmEx cards is enabled for an account only on request.
For International AmEx cards you can refer to the article here.
Here is the break-up for a transaction worth 100 INR:
Total Transaction Amount : 100 INR
Instamojo fee : 3% of 100 INR + 3 INR = 3+3 = 6 INR
GST on the fees : 18% 0f 6 = 1.08
Total deduction on the transaction amount : 1.08 + 6 = 7.08 INR
Net amount credited into the Bank Account : 100 - 7.08 = 92.92 INR
To accept payments from American Express cards, send us an email at firstname.lastname@example.org.