eBay drops American Express as a payment option due to high fees, effective August 17th.
Online marketplace eBay is dropping American Express as a payment option due to "unacceptably high fees". The decision will take effect on August 17th. eBay's spokesman, Scott Overland, stated that customers have alternative payment options available. This move is a significant blow to American Express, as its customers often represent attractive targets for merchants and spend more money per month on their cards.
June 05, 2024
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