eBay is dropping American Express, citing high fees
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Marketplace
4.5 • 1.4K Ratings
🗓️ 5 June 2024
⏱️ 1 minutes
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Summary
The change takes effect mid-August; electrified vehicle sales power Volvo surge; EU tells McDonald’s it can no longer trademark chicken Big Mac; Amazon Labor Union joins Teamsters.
Transcript
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| 0:00.0 | eBay is dropping American Express. I'm Nova Safo with a marketplace minute. |
| 0:06.4 | The change takes effect mid-August. The online retailer says American Express charges |
| 0:10.9 | unacceptably high transaction fees. |
| 0:13.4 | Amex said the fees are comparable to what eBay pays other card issuers. |
| 0:18.0 | Volvo is enjoying strong global sales thanks to its electrified models. |
| 0:22.4 | Sales rose 13% in May, mostly in Europe. Sales in the US fell 5%. |
| 0:27.6 | Volvo has a relatively small share of the global auto market. A European Union court says McDonald's can no longer trademark the term |
| 0:35.8 | chicken Big Mac. It's a win for an Irish burger chain which brought the |
| 0:40.0 | use it or lose it challenge. The founder of that chain told an Irish radio station |
| 0:44.3 | that the ruling was a win for anyone with the surname Mac. The Amazon Labor |
| 0:49.6 | Union representing employees at a New York City warehouse is joining forces with the Teamsters. |
| 0:54.9 | On its own the smaller union has struggled to organize other warehouses. |
| 0:59.0 | It's hoping the Teamsters will give it a boost. |
| 1:01.9 | I'm Novasafo with a marketplace minute. |
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