Connect with us

Hi, what are you looking for?

Global Markets ReviewGlobal Markets Review

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

Business

A top European Union court said Wednesday that McDonald’s has lost its Big Mac trademark in the 27-nation bloc, ruling in favor of Irish...

Tech News

A rendering of Climeworks’ Generation 3 direct air capture plant. | Image: Climeworks The next generation of industrial plants to filter CO2 out of...

Tech News

Illustration by Nick Barclay / The Verge Netflix says it’ll no longer be available on second- and third-generation Apple TVs, which came out more...

Tech News

The first four Nerf N-Series blasters shipped to reviewers. When I was a kid, “It’s Nerf or nothing” meant you couldn’t find a better...