Amazon's UK Site Backs Away From Plan to Stop Taking Visa Cards

Amazon said its earlier decision to stop accepting Visa cards will not be implemented on Wednesday as planned.

Amazon's UK Site Backs Away From Plan to Stop Taking Visa Cards

Amazon said the change would not be implemented as planned on Wednesday

Highlights
  • Credit card fees have been a growing source of tension
  • Amazon didn't rule out future action
  • Amazon started charging customers in Australia and Singapore last year

Amazon's British website has backed away from plans to stop accepting Visa credit cards issued in the United Kingdom, saying Monday that the move has been put on hold while talks between the two sides continue.

The online retailer said the change would not be implemented as planned on Wednesday. Amazon had announced the move in November, blaming “the high fees Visa charges for processing credit card transactions.”

“We are working closely with Visa on a potential solution that will enable customers to continue using their Visa credit cards on Amazon.co.uk,” the retailer said in an email to customers.

Amazon didn't rule out future action but told customers it would give them “advance notice” of any changes related to the acceptance of Visa credit cards.

Credit card fees have been a growing source of tension between Amazon and Visa. Last year, Amazon started charging customers in Australia and Singapore who use Visa credit cards a 0.5 percent surcharge.

In any credit card transaction, there are a number of fees involved, such as an “interchange fee” that the shopper's bank pays to the retailer's bank and other costs like service and technology charges. It isn't clear which fee is the focus of the UK dispute.


Why are Galaxy S21 FE and OnePlus 9RT launching now? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Amazon, Visa
DHL Most Imitated Brand in Phishing Attacks in Q4 2021, WhatsApp, Google, and Apple in Top 10: Check Point Research
Samsung Galaxy S22 Series Spotted With Exynos SoCs on Italian E-Retailers: Report
Share on Facebook Tweet Snapchat Share Reddit Comment
 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2022. All rights reserved.