Amazon says no to Visa credit cards in the UK
Amazon recently announced that will stop accepting Visa credit cards in the United Kingdom from January 19. Let’s find out all the details together.
Amazon: stop using Visa credit cards – but only in the UK
Amazon said it made this decision because of the high transaction fees credit card. However he stressed that he will continue to accept the Visa debit cards.
Visa said it was “very disappointed that Amazon is threatening to limit consumer choice in the future.” Amazon, on the other hand, responded by stating that “accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers.”
The online retailer also said that i costs are expected to drop over time due to advances in technology, “but instead they continue to stay high or even rise”. An Amazon spokesperson said the dispute had to do with price increases “Quite egregious” from Visa, with no added value to its service.
In a statement, Visa said it was was disappointed by Amazon and its behavior. Visa stated that “when consumer choice is limited, no one wins”. Additionally she added that she had “a longtime relationship with Amazon” and that she was looking to resolve the situation so that all customers could use Visa credit cards with Amazon UK.
Amazon he refused to disclose the cost of Visa transactions. Similarly, Visa also declined to comment. However he hinted that, on average, it takes less than 0.1% of the value of a purchase. Amazon’s decision on Visa credit cards appears to be valid only in the UK, at the moment. We await further information if you decide not to accept them in other countries as well.