The e-commerce giant eBay has announced that it will discontinue accepting American Express cards as a direct payment method due to "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.
Starting from August 17, 2024, shoppers on the e-commerce website will no longer be able to pay with American Express credit cards, eBay has confirmed in a brutal blow.
It’s not the first time merchants have voiced opposition to AmEx’s business practices by walking away, most notably the warehouse chain Costco nearly a decade ago.
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The new notes entered circulation for the first time on Tuesday and already members of the public have started flogging them on eBay for triple their face value.
eBay emails customers to say the service will drop American Express cards as a payment option because of “unacceptably high fees”, starting on August 17 — - Online marketplace calls Amex fees ‘unacceptably high’ — Change to take effect Aug…
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.