On Saturday the popular global online auction-based e-commerce site eBay told customers it now officially does not accept American Express as a payment option on its platform. The company — which has been wildly successful in the years after it was launched in 1995 — said “unacceptably high fees” charged by American Express were a deciding factor, after “careful consideration,” in the decision to no longer accept the card as payment.
In an email to customers on Saturday eBay sent out a reminder notice writing, “As of today, you won’t be able to use American Express as a form of payment on eBay, and the American Express card that was saved on your account has been removed.”
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The company urged customers to add other forms of payment or to use third-party payment apps including PayPal, Venmo, Apple Pay and Google Pay where they might have …