Amazon to stop accepting UK-issued Visa credit cards
Amazon has told customers that it plans to stop accepting payments made with UK-issued Visa credit cards in January.
In an email to users of the site, it blamed the cost of processing the payments, telling them: “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.”
The retailer said it would continue to accept Visa debit cards and other credit cards, including Mastercard and American Express, but acknowledged that the change would be “inconvenient” for some customers.
Payments on cards attract a range of fees including interchange fees and other transaction charges, and it is not clear which Amazon has taken issue with.
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