Amazon to stop accepting Visa credit cards for payments from January

Amazon will continue to accept payments on Visa debit cards, as well as other credit cards such as Mastercard and American Express

Andrew Griffin
Wednesday 17 November 2021 13:48
Comments
Retail Sales Report Shows Billions In Extra Spending
Leer en Español

Amazon will stop accepting Visa credit cards for payments in the UK from January, it said.

The costs of processing payments on the cards made it too expensive to support them, Amazon said.

Amazon will continue to accept payments on Visa debit cards as well as credit cards from other firms, such as Mastercard and American Express.

The new rules will start from 19 January, Amazon said in an email to customers.

The online giant said technology advancements should be making payment processing fees reduce, but complained that they were actually increasing.

“The cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers,” the company said in a statement.

“These costs should be going down over time with technological advancements, but instead they continue to stay high or even rise.

“As a result of Visa’s continued high cost of payments, we regret that Amazon.co.uk will no longer accept UK-issued Visa credit cards as of January 19, 2022.

“With the rapidly changing payments landscape around the world, we will continue innovating on behalf of customers to add and promote faster, cheaper and more inclusive payment options to our stores across the globe.”

A Visa spokesperson said the company was disappointed and hoped to resolve the situation before the deadline went into effect.

“UK shoppers can use their Visa debit and credit cards at Amazon UK today and throughout the holiday season,” the company said.

“We 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 so our cardholders can use their preferred Visa credit cards at Amazon UK without Amazon-imposed restrictions come January 2022.”

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in