Amazon says it will no longer accept Visa credit cards issued in the UK on January 19th

Amazon has grown its feud with Visa: Starting January 19, 2022, the e-commerce giant do not accept Visa credit cards issued in the UK. It notified Amazon customers in the UK by email about the change, and criticized Visa’s high price for credit card transactions. Buyers can continue to use their Visa credit cards throughout the holidays, but after that, they should exchange Visa credit cards or credit cards like Mastercard or AMEX.

An Amazon spokesman said in a statement:

“The cost of receiving card payments continues to be a barrier to businesses trying to offer better prices to customers. These fees should be reduced over time and technological advances, but instead continue to rise or fall. that Amazon.co.uk will no longer accept Visa debit cards issued in the UK from January 19, 2022. Customers may continue to use all credit cards (including Visa debit cards) and other non-Visa credit card purchases At Amazon.co.uk As a result of the ever-changing payment system, we will continue to innovate on behalf of customers to increase and promote faster, cheaper, and more integrated payment systems in our stores around the world. “

Meanwhile, a Visa spokesman said the company was disappointed that “Amazon is threatening to ban consumer choice in the future.” He added: “Consumer choice is limited, no one wins.” He also said that Visa is working to overcome the huge e-commerce giant so cardholders can continue to use their Visa cards issued in the UK on the page “without restrictions imposed by Amazon coming January January 2022.” It is important to note that Amazon has a very good relationship with other credit card issuers. The e-commerce giant here has a partnership and Mastercard for credit card buyers and AMEX for business cards in the UK.

These companies may be waging a civil war in order to encourage one another. Amazon has been pushing for a kind of credit card in the last few months and it has started forcing 0.5 per cent interest rate on Visa credit card purchases on its Singapore page on September 15. A month and a half later, Amazon began making significant refunds on Visa sales. in Australia. In both cases, the company offered customers a gift card (AU $ 20 and SG $ 30) to supplement the non-credit card payment option.