eBay Ends American Express Payments Over High Fees
Starting August 17, eBay will no longer accept Amex cards, citing unacceptably high transaction costs.
- eBay claims Amex fees are higher than Visa and Mastercard, impacting transaction costs.
- American Express argues its fees are comparable and offers more value to merchants.
- The decision follows failed negotiations between eBay and Amex over fee structures.
- eBay reassures customers that alternative payment methods are widely available on its platform.
- This move mirrors similar disputes between other retailers and credit card companies over processing fees.