Amazon has announced that it will stop accepting Visa credit cards in the UK.
Amazon has announced that it will no longer accept Visa credit cards in the UK due to high credit card transaction fees. This will take effect from 19 January 2022, and Visa emphasises that the change will not impact visa debit cards. The tech giant has asked its customers to update payment information where necessary.
Visa said it was “very disappointed that Amazon is threatening to restrict consumer choice in the future”.
Amazon said: “The cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers.”
In an email to UK customers, Amazon said: “Starting 19 January, 2022, we will unfortunately no longer accept Visa credit cards issued in the UK, due to the high fees Visa charges for processing credit card transactions.
“You can still use debit cards (including Visa debit cards) and non-Visa credit cards like Mastercard, Amex, and Eurocard to make purchases. “We know this may be inconvenient, and we’re here to help you through this transition.”
A Visa spokesperson said: “UK shoppers can use their Visa debit and credit cards at Amazon UK today and throughout the holiday season. We are very disappointed that Amazon is threatening to restrict consumer choice in the future. When consumer choice is limited, nobody wins.
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“We have a long-standing relationship with Amazon, and we continue to work toward a resolution, so our cardholders can use their preferred Visa credit cards at Amazon UK without Amazon-imposed restrictions come January 2022.”