Connect with us

Hi, what are you looking for?

Tech News

eBay will no longer accept American Express cards over ‘unacceptably high’ fees

Illustration showing the Ebay logo.
Illustration: The Verge

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.

“Credit card transaction fees continue to rise unabated because of a lack of meaningful competition,” eBay writes in a notice to customers. “There is a need for more robust regulations to drive greater competition to credit card networks and help reduce transaction processing costs.” eBay still accepts Visa, Mastercard, Discover, and other payment methods, like PayPal, Apple Pay, Google Pay, and Venmo.

Amex disagrees with eBay’s move, stating on its website that its fees are similar to other cards accepted by eBay. “We find eBay’s decision to…

Continue reading…

You May Also Like

Tech News

How the “Add to Chromebook” badge looks like on websites. | Image: Google Google is making a new “Add to Chromebook” badge that’s designed...

Editor's Pick

Colin Grabow Some members of Congress believe that US servicemembers suffer from an excess of choice in the boots they use—and they’ve got the...

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave and guest Julius de Kempenaer of RRG Research talk sector rotation, growth vs. value, offense vs....

Tech News

Photo by Jakub Porzycki/NurPhoto via Getty Images Intel’s chip-making division accumulated $7 billion in operating losses in 2023, Reuters reported on Tuesday. That’s a...