TELETRADER News
11/17/2021, 6:30 PM (Source: TeleTrader)
more TeleTrader news

Visa shares sink over 5% after Amazon statement

Shares of Visa Inc. plunged more than 5% on Wednesday after Amazon.com said the company will stop accepting Visa credit cards that were issued in the United Kingdom from 2022 due to high transaction fees.

"As a result of Visa's continued high cost of payments, we regret that Amazon.co.uk will no longer accept UK-issued Visa credit cards as of January 19, 2022," Amazon noted in a statement released earlier today.

Visa's stocks sank 5.40% to trade for $203.57 a share at 12:56 pm ET.

Baha Breaking the News (BBN) / ND