AMAZON Starting in January, Will No Longer Accept Visa Credit Cards for Payments
From January onward, Amazon will no longer accept Visa credit cards for payments in the UK.
Amazon cited the high costs of processing payments on the cards as the reason for discontinuing the service.
Payments can be made using Visa debit or Mastercard or American Express credit cards by Amazon customers.
“The cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers,” the company said in a statement.
“These costs should be going down over time with technological advancements, but instead they continue to stay high or even rise.
“As a result of Visa’s continued high cost of payments, we regret that Amazon.co.uk will no longer accept UK-issued Visa credit cards as of January 19, 2022.
“With the rapidly changing payments landscape around the world, we will continue innovating on behalf of customers to add and promote faster, cheaper and more inclusive payment options to our stores across the globe.”
Visa said it was sorry for the inconvenience and hoped to resolve the issue before the deadline.
“UK shoppers can use their Visa debit and credit cards at Amazon UK today and throughout the holiday season,” the company said.
“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.”