Amazon to stop accepting Visa credit cards issued in the UK, citing high fees

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  • Amazon has told some customers that starting January 19, the company will no longer accept Visa credit cards issued in the UK.
  • The e-commerce giant cited high charges levied by payment processors.
  • Visa said it is “deeply disappointed that Amazon is threatening to restrict consumer choice in the future.”

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LONDON – Amazon is planning to stop accepting payments made through Visa credit cards issued in the UK from next year.

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The e-commerce giant has told some customers that, starting January 19, the company will no longer accept Visa credit cards issued in the UK, as payment processors are charged more.

Visa increased the interchange fees it charges merchants for processing digital transactions in the UK, following the country’s exit from the European Union earlier this year. The move followed a similar development to Mastercard, which also increased its fees.

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Amazon customers were told they would still be able to use debit cards — including cards issued by Visa and non-Visa credit cards like MasterCard and American Express. Users are being encouraged to update their default payment method prior to the changes. The news was first reported by Businesshala,

Visa said it is “deeply disappointed that Amazon is threatening to restrict consumer choice in the future.”

“UK shoppers can use their Visa debit and credit cards at Amazon UK today and throughout the holiday season,” a Visa spokesperson told Businesshala.

“We have a longstanding relationship with Amazon, and we continue to work towards a resolution so our cardholders can use their preferred Visa credit card at Amazon UK without restrictions imposed by Amazon until January 2022 “

Amazon blasted Visa for its high card fees. “The cost of accepting card payments remains a deterrent for businesses striving to provide the best value for customers,” a company spokesperson told Businesshala.

“These costs should be reduced with technological advancements over time, but instead they continue to rise or even increase.”

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