US EditionOnline marketplace eBay to drop American Express, citing fees, and says customers have other options
- EBay will no longer accept American Express globally from Aug. 17 due to high fees, according to eBay spokesman Scott Overland.
- The decision by eBay is based on the high fees charged by American Express, with alternative payment options available for customers, stated Overland.
- American Express claims eBay's costs to accept their cards are comparable, with AmEx cardmembers spending double the amount spent on other networks.
42 Articles
42 Articles
eBay will no longer accept American Express cards over “unacceptably high” fees
Illustration: The Verge eBay will no longer accept American Express payments starting August 17th, the company announced on Wednesday. It blames the change on the “unacceptably high fees” for Amex credit card transactions. “Credit card transaction fees continue to rise unabated because of a lack of meaningful competition,” eBay writes in a notice to customers. “There is a need for more robust regulations to drive greater competition to credit c…
Online marketplace eBay to drop American Express, citing fees, and says customers have other options
Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are "unacceptably high fees" and that customers have other payment options to shop online.
eBay ditching American Express as a payment option this summer
eBay customers will no longer be able to use American Express credit cards to pay for purchases on the online marketplace come mid-August.The e-commerce company said in a statement to FOX Business that "unacceptably high fees American Express charges for processing credit card transactions" have prompted it to cease accepting American Express as of Aug. 17.The move, earlier reported by Bloomberg and The Associated Press, will apply for eBay tran…
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