Amazon to stop accepting Visa credit cards in UK

guest · Nov 17, 2021

Amazon to stop accepting Visa credit cards in UK
The e-commerce titan blames Visa's high processing fees.
November 17, 2021
https://www.bbc.co.uk/news/business-59306200

It said the move was due to high credit card transaction fees but said Visa debit cards would still be accepted.

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."
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Visa fees
The online giant said those costs should be going down over time due to advances in technology, "but instead they continue to stay high or even rise".

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."
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