EBay to Stop Taking American Express After Fee Dispute (Correct)

EBay Inc. will drop American Express Co. cards as a payment option because of “unacceptably high fees,” according to a statement from the online marketplace.

EBay on Wednesday notified customers about the change, which is set to take effect Aug. 17.

“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 company said in a statement.

The eBay logo on a laptop

Photographer: Gabby Jones/Bloomberg

The two firms have been embroiled in negotiations around the merchant discount rates — also known as interchange fees — charged ...