Home Breaking News Amazon will stop accepting UK Visa cards from January due to ‘the high fees for processing credit card transactions

Amazon will stop accepting UK Visa cards from January due to ‘the high fees for processing credit card transactions

by LLB Finance Reporter
17th Nov 21 10:37 am

The online retailer Amazon has told their customers that from 19 January 2022 they will no longer accept UK Visa credit cards.

The company said they have made the decision because of the “high fees Visa charges for processing credit card transactions.”

Amazon has argued that the costs should be going down due to “technological advancements,” the online retailer will still accept debit cards, including Visa, and non-Visa credit cards.

An Amazon spokesman said, “The cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers.

“These costs should be going down over time with technological advancements, but instead they continue to stay high or even rise.

“As a result of Visa’s continued high cost of payments, we regret that Amazon.co.uk will no longer accept UK-issued Visa credit cards as of January 19 2022.

“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.”

Visa hit back and said that when consumer choice is limited “nobody wins” and said they are “very disappointed.”

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. 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.”

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