Online marketplace eBay to drop American Express, citing fees, and says customers have other options

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Online marketplace eBay to drop American Express, citing fees, and says customers have other options
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Online merchants have become increasingly combative with payment processors in recent years over the fees they charge to accept payments.NEW YORK — 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.

“After careful consideration, eBay has decided to no longer accept American Express globally effective Aug. 17 due to the unacceptably high fees American Express charges for processing credit card transactions," said eBay spokesman Scott Overland, in a statement. Online merchants have become increasingly combative with payment processors in recent years over the fees they charge to accept payments. in the U.K. roughly two years ago, where Amazon threatened to drop Visa as a payment acceptance type over what it also called high fees.Like other payment processors, AmEx takes a percentage of each transaction a merchant processes on their network.

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Online marketplace eBay to drop American Express, citing fees, and says customers have other optionsOnline 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” and that customers have other payment options to shop online
Read more »

Online marketplace eBay to drop American Express, citing fees, and says customers have other optionsOnline 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” and that customers have other payment options to shop online.
Read more »

Online marketplace eBay to drop American Express, citing fees, and says customers have other optionsOnline 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” and that customers have other payment options to shop online.
Read more »

Online marketplace eBay to drop American Express, citing fees, and says customers have other optionsOnline 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” and that customers have other payment options to shop online.
Read more »

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