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Amazon suspends Visa card ban plans in the UK

Amazon has suspended a system banning customers from using Visa credit cards issued in the UK since this week, as the companies work to “resolve” a dispute that threatens to further confuse consumers.

The world’s largest online retailer announced plans to ban the ban in November, citing “Visa overpayment of credit card processing”. At the time, Amazon contacted other UK customers, advising them to change the payment method.

However, on Monday Amazon said “the expected change in the use of Visa credit cards on will not happen again on January 19th. ””.

Payment companies evaded EU interest rates at cross-border rates when the UK withdrew from the bloc in 2020. In October 2021, Visa began charging 1.5 percent of the value of credit card payments made online or over the phone between the UK and the EU. , with 1.15 per cent of credit cards, up from 0.3 per cent and 0.2 per cent respectively.

Amazon said in November that Brexit was not the cause of the controversy, instead criticizing Visa fines for a long time.

“Amazon customers can continue to use Visa cards “After January 19 we are working together to work together,” Visa said in a statement on Monday.

Amazon has been looking at several ways to pay more than traditional credit cards. Last August, it announced the “buy now, pay later” approach to US customers through a third-party provider Affirm. In December, Barclays and Amazon unveiled a BNPL solution called Installments to purchase more than £ 100 million.

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