LONDON – Amazon says it volition halt accepting Visa recognition cards issued successful the United Kingdom due to the fact that of a quality implicit fees.
The e-commerce elephantine said successful a connection Wednesday to customers that they won't beryllium capable to usage the outgo company's U.K. recognition cards starting Jan. 19, blaming "the precocious fees Visa charges for processing recognition paper transactions.”
Shoppers volition inactive beryllium capable to usage Visa debit cards and different recognition cards including Mastercard and American Express, Amazon said. The announcement suggests Visa recognition cards issued successful different countries volition inactive beryllium accepted.
Visa said it was “very disappointed that Amazon is threatening to restrict user prime successful the future."
The outgo institution said successful a connection that it has “a long-standing narration with Amazon and we proceed to enactment toward a resolution."
Amazon said successful a property connection that “the outgo of accepting paper payments continues to beryllium an obstacle."
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“These costs should beryllium going down implicit clip with technological advancements, but alternatively they proceed to enactment precocious oregon adjacent rise," it said, without providing figures.
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