eBay to Stop Accepting American Express Payments from August 2024
Due to High Acceptance Costs
eBay has announced that it will stop accepting American Express payments globally starting from August 17, 2024.
The company cited the high cost of acceptance for American Express in the US as a major factor in its decision.
eBay's research shows that the cost of acceptance for American Express is comparable to what eBay pays for all other payment methods combined.
As a result, eBay has decided to discontinue accepting American Express payments in order to reduce its operating costs.
What This Means for eBay Shoppers
After August 17, 2024, you will no longer be able to use your American Express card to pay for your eBay purchases.
eBay will continue to accept Mastercard and Visa credit cards, as well as PayPal and other alternative payment methods.
If you have an American Express card, you may want to consider using a different payment method for your eBay purchases after August 17, 2024.
Why is eBay Dropping American Express?
- High acceptance costs
- eBay pays more for American Express than all other payment methods combined
- eBay wants to reduce its operating costs
What Payment Methods Will eBay Accept After August 17, 2024?
- Mastercard
- Visa
- PayPal
- Other alternative payment methods
What Should I Do If I Have an American Express Card?
If you have an American Express card, you may want to consider using a different payment method for your eBay purchases after August 17, 2024.
Conclusion
eBay's decision to stop accepting American Express payments is a significant change for eBay shoppers.
If you have an American Express card, you may want to consider using a different payment method for your eBay purchases after August 17, 2024.
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