The move was a significant loss for American Express, which is known for its “high-net-worth customers” who tend to spend more than other card users, according to media reports.
eBay is increasingly offering alternative payment methods, including buy now, pay later options through Apple Pay, PayPal, Klarna and Affirm. Overland expressed confidence that most eBay users “will adapt to these alternatives.”
American Express responded by stating that eBay fees were comparable to fees for similar cards on other networks.
Source: Ferra
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