11/17/2021, 11:39 AM (Source: TeleTrader)
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Amazon to reject UK Visa credit cards from 2022

Amazon will stop accepting Visa credit cards issued in the United Kingdom next year, the technology company announced on Wednesday, citing high transactions fees.

"As a result of Visa's continued high cost of payments, we regret that will no longer accept UK-issued Visa credit cards as of 19 January 2022," an Amazon spokesperson said in a statement.

According to information provided to customers, Amazon will still accept Visa debit cards, as well as cards issued by Mastercard, American Express and Eurocard. Shares of Visa Inc. were down 1.25% in the premarket trade following the announcement.

Baha Breaking News (BBN) / TT