Science

Amazon withdraws its threat to ban Visa credit cards in the UK

LONDON (Reuters) – Amazon announced on Monday that it intends to suspend its decision to ban the use of UK Visa-issued credit cards on its platform from January 19.

The e-commerce giant says talks are underway to resolve the dispute over transaction fees between the two groups.

“The intended change to the use of Visa credit cards on Amazon.co.uk will no longer take place on January 19,” Amazon wrote in an email to customers.

“We are working closely with Visa on a potential solution that will allow customers to continue using their Visa credit cards on Amazon.co.uk.”

Amazon announced in November 2021 that it would stop accepting Visa-issued credit cards in the UK from January 19, 2022 due to high transaction fees perceived.

Amazon’s decision concerned only Visa credit cards, and debit cards from the world’s largest payment company are still eligible on the e-commerce platform.

(Reporting Michael Holden and Paul Sandle; French version Claude Chendjou, edited by Blandine Hénault)

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