What's new

Dylan

Well-known member
6 Jun 2020
Today 8:25 AM
43
761

Reputation:

Amazon will stop accepting payments from UK-registered Visa credit cards from 2022 due to 'high fees charged to process transactions'
  • Amazon will stop accepting payments made with UK-issued Visa credit cards
  • Customers can still use Visa debit cards, Mastercard and Amex credit cards
  • They will also still be able to use Visa credit cards issued outside of the UK
  • Amazon told customers this week that the change will begin on January 19
The online retailer hit out at Visa by saying it will no longer accept the credit cards due to 'the high fees Visa charges for processing credit card transactions'.

But Visa struck back, saying it was 'very disappointed that Amazon is threatening to restrict consumer choice, adding: 'When consumer choice is limited, nobody wins.'

MoneySavingExpert founder Martin Lewis said today that the move was 'because Visa is increasing transaction rates now the EU cap no longer applies post Brexit', adding: 'It's a possible negotiating tactic for Amazon to gets its fees reduced.'
 
Join the conversation
You can post now and register later. If you have an account, to post with your account.
Note: Once you have completed the registration process, your composed content will be submitted automatically
  • :)
  • ;)
  • :(
  • :mad:
  • :confused:
  • :cool:
  • :p
  • :D
  • :eek:
  • :oops:
  • :rolleyes:
  • o_O
  • :cautious:
  • :censored:
  • :cry:
  • :love:
  • :LOL:
  • :ROFLMAO:
  • :sick:
  • :sleep:
  • :sneaky:
  • (y)
  • (n)
  • :unsure:
  • :whistle:
  • :coffee:
  • :giggle:
  • :alien:
  • :devilish:
  • :geek:
  • :poop: