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Amazon reaches agreement with VISA

Amazon will no longer be blocking Visa credit card payments in the UK after the two companies reached an international deal. Last year, the multinational retailer announced… View Article

GENERAL MERCHANDISE NEWS

Amazon reaches agreement with VISA

Amazon will no longer be blocking Visa credit card payments in the UK after the two companies reached an international deal.

Last year, the multinational retailer announced it would ban Visa credit cards as a form of payment on its platform in the UK due to “high costs”.

On Thursday, the ecommerce giant said it would not be turning off Visa credit cards from Amazon.co.uk and that customers in Australia and Singapore will “no longer pay a surcharging fee to use a Visa credit card” following a new agreement with the global payment provider.

“We’ve recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores,” said an Amazon spokesperson this week. “Amazon remains committed to offering customers a payment experience that is convenient and offers choice.”

Amazon initially planned to stop accepting the credit cards on its platform from 19 January. Last month it announced it would postpone the ban in an email to customers.

A Visa spokesperson said: “Visa is pleased to have reached a broad, global agreement with Amazon. This agreement includes the acceptance of Visa at all Amazon stores and sites today, as well as a joint commitment to collaboration on new product and technology initiatives to ensure innovative payment experiences for our customers in the future.”

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