Amazon to end Visa card payments in UK over high fees

Agence France-Presse

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Visa credit cards are seen in this picture illustration taken June 9, 2016. Maxim Zmeyev, Reuters/Illustration/File Photo" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/reuters/11/19/20211109-usa-fed-report.jpg"/><figcaption>Visa credit cards are seen in this picture illustration taken June 9, 2016. <em>Maxim Zmeyev, Reuters/Illustration/File Photo</em></figcaption></figure></div><p>LONDON - Online retail giant Amazon said it plans to stop accepting payments in the UK made with Visa credit cards, blaming the move on high fees.</p><p>&quot;These costs should be going down over time with technological advancements, but instead they continue to stay high or even rise,&quot; Amazon said in a statement.</p><p>Amazon&#x27;s UK online site will no longer accept the cards as of January 19.</p><p>Customers can continue to use Visa debit cards, Amazon said.</p><p>&quot;With the rapidly changing payments landscape around the world, we will continue innovating on behalf of customers to add and promote faster, cheaper, and more inclusive payment options to our stores across the globe,&quot; Amazon added.</p><p>Visa hit out at the move, with a spokeswoman saying the card payments giant was &quot;very disappointed that Amazon is threatening to restrict consumer choice&quot;.</p><p>&quot;When consumer choice is limited, nobody wins. We have a long-standing relationship with Amazon and we continue to work toward a resolution,&quot; she added in a statement.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/06/02/21/filipinos-interested-digital-banking-visa-study">8 in 10 Filipinos interested in digital banking: Visa study</a></li>	<li><a href="https://news.abs-cbn.com/business/03/30/21/visa-moves-to-allow-payment-settlements-using-cryptocurrency">Visa moves to allow payment settlements using cryptocurrency</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1702763" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

Online retail giant Amazon said it plans to stop accepting payments in the UK made with Visa credit cards, blaming the move on high fees.

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Amazon to end Visa card payments in UK over high fees

Amazon to end Visa card payments in UK over high fees

Agence France-Presse

Published Nov 19, 2021 08:38 AM PHT

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