UK’s Visa Cards In Amazon Crosshairs Over High Fees

According to a press release, Amazon will stop accepting Visa credit cards issued in the United Kingdom from next year because of the high transaction fees charged.

“As a result of Visa’s continued high cost of payments, we regret that Amazon will no longer accept UK-issued Visa credit cards as of 19 January, 2022,” an Amazon spokesperson said in an emailed statement.

“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.”

Since Brexit, an EU-enforced cap on fees charged by card issuers is no longer in place in the UK.

The move by Amazon, earlier reported by Bloomberg News, has prompted the UK Trade Commission to call on the government to improve the UK-EU trade agreement and analysts to call on British regulators to look into the fees in the credit card market.

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