Amazon's UK site backs away from plan to stop taking Visa

LONDON – Amazon’s British website has backed distant from plans to halt accepting Visa recognition cards issued successful the United Kingdom, saying Monday that the determination has been enactment connected clasp portion talks betwixt the 2 sides continue.

The online retailer said the alteration would not beryllium implemented arsenic planned connected Wednesday. Amazon had announced the determination successful November, blaming “the precocious fees Visa charges for processing recognition paper transactions.”

“We are moving intimately with Visa connected a imaginable solution that volition alteration customers to proceed utilizing their Visa recognition cards connected Amazon.co.uk,” the retailer said successful an email to customers.

Amazon didn't regularisation retired aboriginal enactment but told customers it would springiness them “advance notice” of immoderate changes related to the acceptance of Visa recognition cards.

Credit paper fees person been a increasing root of hostility betwixt Amazon and Visa. Last year, Amazon started charging customers successful Australia and Singapore who usage Visa recognition cards a 0.5% surcharge.

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In immoderate recognition paper transaction, determination are a fig of fees involved, specified arsenic an “interchange fee” that the shopper’s slope pays to the retailer’s slope and different costs similar work and exertion charges. It isn’t wide which interest is the absorption of the U.K. dispute.

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