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Amazon to stop accepting Visa credit cards issued in the UK, citing high fees
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cnbc.comIn this article
LONDON — Amazon plans to stop accepting payments made via Visa credit cards issued in the U.K. starting next year.
The e-commerce giant has told some customers that, from Jan. 19 onward, the company will no longer accept Visa credit cards issued in Britain due to high fees charged by the payment processor.
Visa earlier this year hiked the interchange fees it charges merchants for processing digital transactions in the U.K., following the country's exit from the European Union. The move followed a similar development from Mastercard, which also increased its fees.
Amazon customers were told they will still be able to use debit cards — including those issued by Visa — and non-Visa credit cards like Mastercard and American
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