© Reuters. A visa bank card is held in entrance of an Amazon emblem on this image illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration

(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.

Disclaimer: Fusion Media want to remind you that the info contained on this web site is just not essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs aren’t offered by exchanges however moderately by market makers, and so costs might not be correct and should differ from the precise market value, that means costs are indicative and never acceptable for buying and selling functions. Subsequently Fusion Media doesn`t bear any accountability for any buying and selling losses you would possibly incur because of utilizing this information.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or harm because of reliance on the knowledge together with information, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding varieties potential.