Amazon won’t accept Visa cards due to high fees.
Online retailer Amazon announced today that starting in January, they will no longer accept payment on their platform with Visa credit cards specifically in the United Kingdom. According to the official statement, the reason for this is high processing fees incurred from Visa every time one of their credit cards is used to make a payment.
“As a result of Visa’s continued high cost of payments, we regret that Amazon.co.uk will no longer accept UK-issued Visa credit cards as of 19 January, 2022,” an Amazon spokesperson said in an emailed statement.
Amazon says it will stop accepting UK-issued Visa credit cards on January 19th https://t.co/1Z6Hne6Foi pic.twitter.com/DmAXprnoH3
— Engadget (@engadget) November 17, 2021
To clarify, this restriction is only on Visa credit cards, not debit cards, and only in the United Kingdom. Customers can still use Visa credit cards elsewhere, as well as Mastercard, Amex, and Eurocard credit cards.
In response to Amazon’s announcement, a Visa spokesperson voiced the company’s disapproval. “Amazon is threatening to restrict consumer choice in the future,” they wrote. “When consumer choice is limited, nobody wins.”
💳Amazon customers will be blocked from using Visa cards in the UK.
❌The dispute relates to transaction fees charged by the credit card brand
Thread 👇https://t.co/tXJeXkmImH pic.twitter.com/2NbujUk1xq
— Telegraph Money (@MoneyTelegraph) November 17, 2021
Visa will be engaging in negotiations with Amazon to ensure that UK-based Visa credit card holders will still be able to use their cards on the platform “without Amazon-imposed restrictions come January 2022.”
Wyoming GOP will No Longer Recognize Liz Cheney
-
Michael Saylor, a prominent figure in the world of cryptocurrency, has seen significant gains this week as the value...
-
The Office for National Statistics (ONS) released official figures on Wednesday, revealing that the United Kingdom posted a record...
-
As scrutiny intensifies, Fujitsu faces repercussions for its role in the Post Office scandal. The UK government has issued...
-
Tech Billionaire Proposes Renaming Wikipedia to ‘Dickipedia’ in Exchange for Record Donation In a recent social media spectacle, tech...
-
Urgent IMF Deal Needed to Prevent Pakistan’s Economic Collapse, Bloomberg Warns Bloomberg, a renowned US-based financial news service, has...
-
Federal student loan borrowers are in a tough situation as the pause on loan payments, implemented during the pandemic,...
-
Silicon Valley Bank’s Acquisition Fallout: Rising Unemployment and Uncertain Future First Citizens BancShares Inc., the new Silicon Valley Bank...
-
President Joe Biden and House Speaker Kevin McCarthy engaged in crucial negotiations on Monday to address the US government’s...
-
Secure your financial future with the 50/30/20 rule! As the cost of living continues to increase in 2023, managing...
-
Common treatments and medicines are becoming more expensive and harder to get. According to a new report released this...
-
A California appeals court overturned the challenge to Proposition 22. Back in 2020, California voters passed Proposition 22, which...
-
Tesla is looking to spark interest in its most expensive models. In the last several months, prominent electric vehicle...