eBay will no longer support American Express cards on August 17th, citing “unacceptably high fees.”
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 card networks and help reduce transaction processing costs.
” eBay still accepts Visa, Mastercard, Discover, and other payment methods, like PayPal, Apple Pay, Google Pay, and Venmo. Amex disagrees with eBay’s move, stating on its website that its fees are similar to other cards accepted by eBay. “We find eBay’s decision to drop American Express as a payment choice for consumers to be inconsistent with their stated desire to increase competition at the point of sale,” the company writes. It says eBay represents less than 0.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
eBay will stop accepting American Express due to 'unacceptably high' processing feesThe change will go into effect Aug. 17.
Read more »
eBay will no longer accept American Express, citing ‘unacceptably high fees'Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees” and that…
Read more »
eBay ditching American Express as a payment option this summereBay customers will no longer be able to use American Express credit cards to pay for purchases on the popular online marketplace come mid-August, eBay said.
Read more »
Online marketplace eBay to drop American Express, citing fees, and says customers have other optionsOnline marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees.”
Read more »
Online marketplace eBay to drop American Express, citing fees, and says customers have other optionsDiagnosed at birth with a rare combination of nongenetic abnormalities, Paxton was rushed to Rady Children's Hospital within the first few hours of his life.
Read more »
Online marketplace eBay to drop American Express, citing fees, and says customers have other optionsThe nonprofit advocacy group is dedicated to youth sports safety and injury prevention and has become a model for the rest of the country.
Read more »