01:13 PM EDT, 06/12/2024 (MT Newswires) -- American Express ( AXP ) holds firm on its "pricing discipline," but it will keep talking to eBay ( EBAY ) over its fee structure, Christophe Le Caille, the company's chief financial officer said during an investor conference hosted by Morgan Stanley Wednesday.

"We're going to keep talking to them as we keep talking to all the merchants we deal with and explain the value that we bring and why we price that value that way," Le Caille said, according to an S&P Global Capital IQ transcript.

Ecommerce giant eBay ( EBAY ) last week said they were pulling the plug on business relationship with American Express ( AXP ), citing "unacceptably high fees." The company said it would not accept credit card transactions processed by American Express ( AXP ) after Aug. 17.

Le Caille reiterated the company's contention that its fees were comparable to its rivals, adding its research indicates American Express ( AXP ) cardholders generate roughly double the transaction size of other card networks.

American Express ( AXP ) said in a separate statement that they were disappointed with the decision, but noted that eBay ( EBAY ) currently comprises less than 0.2% of its total network volume.

Price: 225.52, Change: +0.98, Percent Change: +0.44