Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Amazon to Stop Accepting Visa Credit Cards in UK


Wed 17 Nov 2021 | 12:01 PM
Ahmad El-Assasy

Amazon has informed consumers that starting in January of next year, it would no longer accept Visa credit card payments in the United Kingdom, according to LBC.

This Monday, the company informed customers to confirm that it will no longer accept payments made with Visa credit cards issued in the United Kingdom "from January 19, 2022."

Due to "the hefty costs Visa charges for processing credit card transactions," the online shop will no longer take credit cards.

Amazon

Customers will be able to use Visa debit cards as well as non-Visa credit cards.

Visa has expressed its dissatisfaction with the outcome.

According to a spokeswoman of the company, "Accepting card payments continues to be an impediment for businesses attempting to offer the greatest prices to their customers.

"With technical developments, these costs should be decreasing over time, but unfortunately they are staying the same or even increasing.

"We regret that, as of January 19, 2022, Amazon.co.uk will no longer accept UK-issued Visa credit cards due to Visa's continuous high cost of payments."

"We understand this may be inconvenient," the firm wrote in the email, "and we're here to help you through this change."

A Visa spokeswoman added: "Visa debit and credit cards are accepted at Amazon UK today and throughout the holiday season.

"We are quite disappointed by Amazon's threat to limit consumer choice in the future. Nobody gains when customer choice is constrained.