Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees.”
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. “We know that the vast majority of eBay customers are willing to use alternative payment options to continue enjoying buying and selling on our marketplace,” Overland said.
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