Ebay Cutting Amex Ties Over Card Fees

Arguing its fees are too steep, eBay is reportedly dropping American Express (Amex).The online marketplace will stop taking Amex as a payment option beginning Aug. 17, Bloomberg News reported Wednesday (June 5), citing an email eBay plans to send its customers.“After careful consideration, eBay has decided to no longer accept American Express globally effective August 17 due to the unacceptably high fees American Express charges for processing credit card transactions,” the email reads.Bloomberg notes that ...