Amazon to stop accepting Visa’s UK-issued credit cards over high fees
© Reuters. A visa credit card is held in front of an Amazon logo in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration
(Reuters) -Amazon.com Inc said on Wednesday it would stop accepting Visa Inc (NYSE:) 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 (NASDAQ:).co.uk will no longer accept UK-issued Visa credit cards as of 19 January, 2022,” an Amazon spokesperson said in an emailed statement.
Amazon customers can still use Visa debit cards, Mastercard (NYSE:) 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 (NYSE:) unit in 2019 stopped https://reut.rs/3HqYrFg 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.
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