Amazon will stop accepting Visa credit cards in the UK due to their high commissions

FILE PHOTO: A Visa credit card stands in front of the Amazon logo in this illustrative photo taken on September 6, 2017. REUTERS/Philip Weiser

(Reuters) – Amazon.com said on Wednesday that it will stop accepting Visa Inc credit cards issued in the United Kingdom from next year due to high payment processor fees for transactions.

“As a result of the continued high cost of Visa payments, we regret that Amazon.co.uk will stop accepting Visa credit cards issued in the UK from January 19, 2022,” an Amazon spokesperson said in an emailed statement.

The company said in a note to its customers that Amazon customers can continue to use Visa debit cards, Mastercard credit cards, Amex and Eurocard.

Merchants have long argued with payment processors over transaction fees. The Kroger unit in 2019 stopped accepting Visa credit cards, citing excessive fees.

Visa did not immediately respond to a Reuters request for comment.

Bloomberg News has advanced Amazon’s plan to stop accepting Visa credit cards issued in the UK.

(Information from Bhargav Acharya and Maria Ponnezhath in Bengaluru; edition by Subhranshu Sahu and Uttaresh.V; translated by Flora Gomez)

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