14.9 C
Auckland
Sunday, May 22, 2022
-- Free Advertisement --spot_img
HomeMoneyAmazon reportedly to stop accepting UK-issued Visa credit cards

Amazon reportedly to stop accepting UK-issued Visa credit cards

Most Popular

“We are very disappointed that Amazon is threatening to restrict consumer choice in the future,” a Visa spokesman reportedly said.

Amazon Visa news

Amazon.com Inc will stop accepting payments made using Visa credit cards issued in the United Kingdom starting next year, Bloomberg News reported on Wednesday.
The company explained that it was prompted to make the decision due to the “high fees Visa charges for processing credit card transactions”.

“The cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers…These costs should be going down over time with technological advancements, but instead, they continue to stay high or even rise,” an Amazon spokesman reportedly said.

However, Amazon customers still will be able to use Visa debit cards, Mastercard and Amex credit cards as well as Visa credit cards issued outside of the UK, the agency added, citing information that Amazon had shared with its customers.

Visa reacted to the move by saying that they are “very disappointed that Amazon is threatening to restrict consumer choice in the future. When consumer choice is limited, nobody wins.”
“We have a long-standing relationship with Amazon, and we continue to work toward a resolution,” a Visa spokesman said in an email obtained by Bloomberg.

The news has prompted a heated debate online, with people sharing their outrage at Amazon’s decision and wondering why the company cannot pay the costs it faces when clients use UK-issued Visa cards.

No login required to comment. Name, email and web site fields are optional. Please remember to keep comments respectful. We believe in free speech. Unfortunately, due the actions of one online troll, we have had to implement a manual moderation system to ensure online discussion remains civil and constructive. Your views and voice are important. Your comment will be published after moderation unless it contains hate speech or defamatory statements.

1 COMMENT

  1. Missouri, USA: Nancy Pelosi is a VISA investor (Made millions). The fact they still accept visa DEBIT CARDS (Same as cash) is telling. UK is expecting high death numbers from COVID, VISA doesn’t wana lose money from bad CREDIT CARD debt.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Opinion

Daily Life

Wellington
clear sky
12.6 ° C
14.2 °
10.6 °
76 %
2.6kmh
0 %
Sun
15 °
Mon
13 °
Tue
14 °
Wed
14 °
Thu
10 °
- Free Advertisement -spot_img
- Make Your Voice Heard -spot_img

Latest