Amazon announced in November its intention to stop allowing Visa card payments in the UK due to transaction fees. But the situation change today and the online merchant announces that they will continue to accept these payments.
Always possible payment by Visa card
“The planned change in the use of Visa credit cards on Amazon.co.uk will no longer take place on January 19”, the group informed its British clients in a last-minute decision. Not everything is resolved yet. The two groups are discussing at this very moment to find a new agreement. “We are working closely with Visa on a potential solution that will allow customers to continue using their Visa credit cards on Amazon.co.uk”added the merchant.
Amazon’s decision concerned only Visa credit cards, and debit cards from the world’s largest payment company are still eligible on the e-commerce platform.
The original decision stemmed from 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.
