Home Technology Amazon reverses its decision to block Visa cards in the UK

Amazon reverses its decision to block Visa cards in the UK

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Amazon announced in November its intention to no longer allow payments with Visa cards in the United Kingdom because of transaction fees. But the situation changes today and the online merchant announces that he will continue to accept these payments.

Always possible payment with a Visa card

“The planned change to the use of Visa credit cards on Amazon.co.uk will no longer take place on January 19”, the group informed its British customers in a decision at the last minute. All is not yet settled. The two groups are discussing at this very moment to find a new agreement. “We are working closely with Visa on a possible solution that will allow customers to continue to use their Visa credit cards on Amazon.co.uk”, added the trader.

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Amazon’s decision related only to credit cards from Visa, with debit cards from the world’s largest payments company still eligible on the e-commerce platform.

The original decision arose out of a dispute over transaction fees charged by card issuers. The European Union sets limits on these particular charges, but when the UK left the European Union, issuers were free to increase them. Visa thus increased its interchange fees from 0.3% to 1.5%, which obviously upset Amazon.

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