13:57 November 17, 2021
Amazon will no longer accept Visa credit cards issued in the UK from January 2022.
The online retailer said it will stop using Visa credit cards as a payment method from Wednesday, January 19, due to the high cost of accepting card payments.
What is changing?
In an email to customers, Amazon confirmed that it will stop using Visa credit cards from January 19 due to the price.
However, customers will still be able to use debit cards, including Visa and non-Visa credit cards.
Why is Amazon doing this?
Amazon said that “the cost of accepting card payments continues to be a barrier for companies trying to provide the best prices to customers,” and believes that due to technological innovation, the price is expected to be drastically. reduced.
An Amazon spokesperson said, âThese costs are expected to decrease over time with advancements in technology, but instead they continue to stay high or even increase.
âDue to the still high cost of Visa payments, we regret that Amazon.co.uk no longer accepts Visa credit cards issued in the UK as of January 19, 2022.
âWith the rapidly changing global payments landscape, we will continue to innovate on behalf of customers to add and promote faster, cheaper and more inclusive payment options in our stores around the world. “
What does Visa think of this?
Visa said she was disappointed with Amazon’s move and said it “threatened to restrict consumer choice.”
A Visa spokesperson said: âUK shoppers can use their Visa debit and credit cards on Amazon UK today and throughout the holiday season.
âWe are very disappointed that Amazon is threatening to restrict consumer choice in the future.
âWhen consumer choice is limited, no one wins.
“We have a long-standing relationship with Amazon and we continue to work on a resolution, so that our cardholders can use their preferred Visa credit cards on Amazon UK without restrictions imposed by Amazon from January 2022.”