eBay to Stop Accepting American Express Globally Due to High Fees

The online marketplace will no longer accept American Express payments starting August 17, citing the card's high transaction fees.

eBay customers will need to use alternative payment methods such as Visa, Mastercard, Google Pay, and PayPal.
American Express criticized the move, claiming it limits customer choice and undermines competition.
eBay argues that technological advancements should have reduced transaction fees, but they have continued to rise.
The decision follows similar disputes between merchants and payment processors over fee structures.
eBay has over 132 million active buyers and reports significant growth in its marketplace.