(Reuters) -Amazon.com Inc mentioned on Wednesday it will cease accepting Visa Inc (NYSE:) bank cards issued in the UK from subsequent yr because of the excessive charges charged by the cost processor for transactions.
“Because of Visa’s continued excessive price of funds, we remorse that Amazon (NASDAQ:).co.uk will not settle for UK-issued Visa bank cards as of 19 January, 2022,” an Amazon spokesperson mentioned in an emailed assertion.
Amazon clients can nonetheless use Visa debit playing cards, Mastercard (NYSE:) and Amex bank cards, and Eurocard, the corporate mentioned in a notice to its clients.
Retailers have lengthy disputed with cost processors over transaction charges. A Kroger (NYSE:) unit in 2019 stopped https://reut.rs/3HqYrFg accepting Visa’s bank cards, citing extreme charges.
Visa didn’t instantly reply to Reuters’ request for a remark.
Amazon’s plan to cease accepting UK-issued Visa bank cards was earlier reported by Bloomberg Information.
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