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eBay will not settle for American Specific playing cards over ‘unacceptably excessive’ charges

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eBay will not settle for American Specific funds beginning August seventeenth, the company announced on Wednesday. It blames the change on the “unacceptably excessive charges” for Amex bank card transactions.

“Bank card transaction charges proceed to rise unabated due to an absence of significant competitors,” eBay writes in a discover to clients. “There’s a want for extra sturdy laws to drive larger competitors to bank card networks and assist cut back transaction processing prices.” eBay still accepts Visa, Mastercard, Uncover, and other payment methods, like PayPal, Apple Pay, Google Pay, and Venmo.

Amex disagrees with eBay’s transfer, stating on its website that its charges are just like different playing cards accepted by eBay. “We discover eBay’s determination to drop American Specific as a fee selection for shoppers to be inconsistent with their said need to extend competitors on the level of sale,” the corporate writes. It says eBay represents lower than 0.2 % of its whole community quantity.

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