eBay will now not settle for American Categorical playing cards over ‘unacceptably excessive’ charges

Illustration showing the Ebay logo.
Illustration: The Verge

eBay will now not settle for American Categorical funds beginning August 17th, the corporate introduced on Wednesday. It blames the change on the “unacceptably excessive charges” for Amex bank card transactions.

“Bank card transaction charges proceed to rise unabated due to a scarcity of significant competitors,” eBay writes in a discover to clients. “There’s a want for extra strong laws to drive better competitors to bank card networks and assist scale back transaction processing prices.” eBay nonetheless accepts Visa, Mastercard, Uncover, and different fee strategies, like PayPal, Apple Pay, Google Pay, and Venmo.

Amex disagrees with eBay’s transfer, stating on its web site that its charges are just like different playing cards accepted by eBay. “We discover eBay’s resolution to…

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