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Amazon To Stop Accepting Visa's UK-Issued Credit Cards Over High Fees

Published on Nov 18 2021 5:50 AM in Technology tagged: Trending Posts / Amazon / MasterCard / Visa

Amazon To Stop Accepting Visa's UK-Issued Credit Cards Over High Fees

Amazon.com Inc said on Wednesday it would stop accepting Visa Inc credit cards.

Amazon.com Inc said on Wednesday it would stop accepting Visa Inc credit cards issued in the United Kingdom from next year due to the high fees charged by the payment processor for transactions.

"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.

Acceptable Cards 

Amazon customers can still use Visa debit cards, Mastercard and Amex credit cards, and Eurocard, the company said in a note to its customers.

Merchants have long disputed with payment processors over transaction fees.

A Kroger unit in 2019 stopped accepting Visa's credit cards, citing excessive fees.

Visa did not immediately respond to Reuters' request for a comment.

Amazon's plan to stop accepting UK-issued Visa credit cards was earlier reported by Bloomberg News.

News by Reuters edited by Donna Ahern, Checkout. For more Technology news click here. Click subscribe to sign up for the Checkout print edition.

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