Get the latest tech news
eBay axes major payment option used by millions of customers today
eBay has announced it’s removing a major payment option used by millions of customers today. From today, shoppers on the popular online marketplace won’t be able to pay with American Ex…
eBay isn't the first major retailer to cut ties with the credit card company— Costco stopped accepting American Express nearly a decade ago. "We find eBay's decision to drop American Express as a payment choice for consumers to be inconsistent with their stated desire to increase competition at the point of sale. "At a time when payment processing costs should be declining because of technological advancements, investments in fraud capabilities and customer protections by merchants like eBay, credit card transaction fees continue to rise unabated because of a lack of meaningful competition.
Or read this on r/technology
