Published 10 months ago • loading... • Updated 10 months ago

Online 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.

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The Verge

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…

10 months ago·United States

EBay will no longer take American Express cards, citing ‘unacceptably high fees’, in the latest shot in the credit-card fee wars

The two firms have been embroiled in negotiations around so-called interchange fees, which cost retailers $172 billion last year.

10 months ago·New York, United States

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Scripps News

eBay will stop accepting American Express due to 'unacceptably high' processing fees

eBay says it will stop accepting American Express as a form of payment starting in August. The company cited "unacceptably high" processing fees as the reason.

10 months ago·Atlanta, United States

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Daily Journal

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.

10 months ago·Cherokee County, United States

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cnet

eBay Dumps American Express Over Swipe Fees

American Express cardholders will soon need a different credit card when shopping with eBay. Here's how to prepare.

10 months ago·New York, United States

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Fox Business

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…

10 months ago·United States

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