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Amazon will stop accepting Visa credit card payments from 2022 in the UK

November 17, 2021 | 11:37 am

Amazon reported that it plans to stop accepting payments made through cards from Visa credit issued in the UK from 2022, arguing that the payment processor charges high fees for credit card transactions.

“The cost of accepting card payments continues to be an obstacle for companies that strive to offer the best prices to customers (…) These costs should decrease over time with technological advances, but instead remain high or even going up, ”a company spokesperson told CNBC.

Amazon informed his customers that they will still be able to use debit cards, including those issued by Visa, and credit cards Mastercard and American Express.

According to specialists in the field, the measure could be seen as a form of the giant of the e-commerce of getting some bargaining power over Visa to lower your fees.

While, Visa It was said “very disappointed” that Amazon threatened to restrict consumer choices in the future.

“Buyers can use their Visa credit and debit cards at Amazon UK today and during the holiday season, “a company spokesperson told CNBC.

In early 2021, the payment processor raised transaction fees on digital payments between the UK and the European Union (EU), as the Brexit it opened the door for him not to have to adhere to the limits set by the association of countries.

Mastercard It has also increased its interchange fees between the UK and the EU, but Amazon has taken no action against it.

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