[bitontheslide]

Amazon will stop accepting Visa credit cards in the UK from 19 January, the online retail giant has told customers.

It said the move was due to high credit card transaction fees but said Visa debit cards would still be accepted.

Visa said it was "very disappointed that Amazon is threatening to restrict consumer choice in the future".

Amazon said: "The cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers.

The online giant said those costs should be going down over time due to advances in technology, "but instead they continue to stay high or even rise".

In an email to UK customers, Amazon said: "Starting 19 January, 2022, we will unfortunately no longer accept Visa credit cards issued in the UK, due to the high fees Visa charges for processing credit card transactions.

"You can still use debit cards (including Visa debit cards) and non-Visa credit cards like Mastercard, Amex, and Eurocard to make purchases."

Amazon also asked customers to update payment methods, including for Prime membership and any subscriptions.

"We know this may be inconvenient, and we're here to help you through this transition," it added.

A Visa spokesperson said: "UK shoppers can use their Visa debit and credit cards at Amazon UK today and throughout the holiday season.

"We are very disappointed that Amazon is threatening to restrict consumer choice in the future. When consumer choice is limited, nobody wins.

"We have a long-standing relationship with Amazon, and we continue to work toward a resolution, so our cardholders can use their preferred Visa credit cards at Amazon UK without Amazon-imposed restrictions come January 2022."

https://www.bbc.co.uk/news/business-59306200

[Cherie]

I fully expect this issue to be resolved, Amazon have Visa by the short and curlies on this one

[Oliver_W]

Originally Posted by Cherie

I fully expect this issue to be resolved, Amazon have Visa by the short and curlies on this one

Yup. I highly disapprove of monopolies, but Amazon is one fatcat who gets given a LOT of milk. If Visa find that the mice are less willing to give up some of that milk, they won't let it sit in their vat and curdle into cheese; oh no, they'll change the rules so that their fellow fatcat can sap the mices milk...

[rusticgal]

Originally Posted by Oliver_W

Yup. I highly disapprove of monopolies, but Amazon is one fatcat who gets given a LOT of milk. If Visa find that the mice are less willing to give up some of that milk, they won't let it sit in their vat and curdle into cheese; oh no, they'll change the rules so that their fellow fatcat can sap the mices milk...

That made me laugh...

[arista]

Yes Visa
have a bad higher Transfer Rate
effecting loads of Companies.



This could be sorted if Visa agree to what amazon UK need.

[Toy Soldier]

Originally Posted by Oliver_W

Amazon is one fatcat who gets given a LOT of milk. If Visa find that the mice are less willing to give up some of that milk, they won't let it sit in their vat and curdle into cheese; oh no, they'll change the rules so that their fellow fatcat can sap the mices milk...

[Smithy]

Both Visa and its rival Mastercard have raised the so-called interchange fee on cross-border transactions between businesses in the UK and the European Union following Brexit.

Another win for the brexiteers!

[GoldHeart]

For a second when i saw 'visa' i got worried, but i use visa debit on Amazon so i should be ok . But this is a nuisance for those who use credit cards to now be told " ohh sorry we can't accept that payment method anymore" .

[arista]

[Toy Soldier]

Part of the issue is that I believe retailers were banned from having a credit card fee/minimum transaction for credit cards a few years back. Otherwise Amazon just slap a 50p extra charge on Visa transactions and that would be that.

[bitontheslide]

yes, in the olden days people like easyjet used to charge for using a credit card and that was all stopped

[arista]

Originally Posted by Toy Soldier

Part of the issue is that I believe retailers were banned from having a credit card fee/minimum transaction for credit cards a few years back. Otherwise Amazon just slap a 50p extra charge on Visa transactions and that would be that.

I think that is against
Amazon principles



This is why I say Cash will carry on.
Some street shops prefer Cash

[arista]

Originally Posted by Smithy

Another win for the brexiteers!

It is unfortunate