eBay introduced Wednesday that beginning August 17, it should not settle for American Specific for fee. It blamed the change on “unacceptably excessive charges” for American Specific bank card transactions.
“Lack of significant competitors, bank card transaction charges proceed unabated,” eBay wrote in a discover to prospects. “Stronger regulation is required to drive larger competitors amongst bank card networks and assist scale back transaction processing prices.” eBay nonetheless accepts Visa, Mastercard, Uncover and different fee strategies corresponding to PayPal, Apple Pay, Google Pay and Venmo.
American Specific disagrees with eBay’s transfer and stated on its web site that its charges are much like different playing cards accepted by eBay. “We discover eBay’s resolution to desert American Specific as a fee choice for shoppers inconsistent with their acknowledged want to extend competitors on the level of sale,” the corporate wrote. The corporate stated eBay accounts for lower than 0.2% of its community.
