eBay to Cease Accepting American Express Globally

eBay to Cease Accepting American Express Globally

Luisa Fernandez
1 min read

eBay to Discontinue Accepting American Express Globally

eBay has recently announced its decision to stop accepting American Express worldwide, effective August 17. This move comes in response to the substantial transaction fees levied by the credit card company. eBay seeks to drive the adoption of alternative payment methods such as Apple Pay, PayPal, Klarna, and Affirm, which present more competitive options for its customer base. Scott Overland, eBay's spokesperson, has underscored the willingness of the majority of eBay users to embrace these alternatives, signaling a notable shift in consumer payment preferences.

Key Takeaways

  • eBay will cease American Express acceptance globally from Aug. 17 due to high fees.
  • The company is pushing for alternative payment options like Apple Pay and PayPal.
  • American Express contends that its fees are comparable to those of other card networks.
  • AmEx cardmembers typically spend double at eBay compared to other networks.
  • eBay represents about 0.5% of AmEx's worldwide network volume.


eBay's decision to discontinue American Express usage due to exorbitant transaction fees could have repercussions on AmEx's revenue and market standing, given eBay's extensive global presence. This shift reflects a broader trend wherein merchants are favoring payment methods with lower fees, such as Apple Pay and PayPal. In the short term, AmEx may experience a marginal decline in transaction volume, but in the long run, it could prompt the company to reassess its fee structure or innovate to retain market share. Conversely, alternative payment providers may witness increased usage, potentially reshaping consumer payment habits and merchant preferences. This move underscores the evolving dynamics between merchants, traditional credit card companies, and emerging payment platforms.

Did You Know?

  • Klarna: A Swedish fintech company that provides various online financial services, including payment solutions for online storefronts, direct payments, and post-purchase payments. It enables consumers to make immediate purchases and pay for them in installments, often without interest. This service is particularly popular among younger demographics and aligns with the growing trend of Buy Now, Pay Later (BNPL) services.
  • Affirm: A financial technology company offering installment loans to consumers at the point of sale. It aims to provide transparent and flexible financing options compared to traditional credit, allowing users to pay for purchases over time with a clear view of the total borrowing cost, without any hidden fees or compounding interest.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings