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Amazon reverses decision to ban Visa's UK-issued credit cards

by Reuters

LONDON Jan 17, 2022 - 3:17 pm GMT+3
A visa credit card is held in front of an Amazon logo in this picture illustration, Sept. 6, 2017. (Reuters Photo)
A visa credit card is held in front of an Amazon logo in this picture illustration, Sept. 6, 2017. (Reuters Photo)
by Reuters Jan 17, 2022 3:17 pm

Amazon.com Inc. will in fact accept Visa Inc. credit cards issued in the United Kingdom on its websites, the company announced Monday, adding that it was working with Visa to resolve a dispute over payment fees.

"The expected  change regarding  the use of  Visa credit  cards  on Amazon.co.uk  will no longer take place on Jan. 19," the company said in an email to customers.

"We are working  closely  with Visa on a potential solution  that will enable  customers to continue using their Visa credit cards on  Amazon.co.uk." 

Amazon said in November it would ban Visa's card because of the high transaction fees charged by the payment processor.

It said customers could still use Visa's debit cards, along with Mastercard and American Express credit cards and Eurocard.

Visa could not immediately be reached for comment. It said at the time it was "very disappointed that Amazon was threatening to restrict consumer choice in the future," and would work toward a resolution.

A European Union-enforced cap on fees charged by card issuers is no longer in place in the U.K. following Brexit.

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