Amazon has announced that next year it will no longer accept Visa credit cards as a form of payment on its e-commerce platform in the UK.
The online giant said that the move was due to Visa’s “high costs.”
The company will stop accepting UK-issued Visa credit cards from 19 January 2022.
“The cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers,” said a spokesperson from Amazon. “These costs should be going down over time with technological advancements, but instead they continue to stay high or even rise.”
They added: “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 19 January, 2022.”
The company assured customers that they will be able to continue using all debit cards, including Visa debit cards, as well as other non-Visa credit cards.
“We are very disappointed that Amazon is threatening to restrict consumer choice in the future,” said a Visa spokesperson. “When consumer choice is limited, nobody wins. We have a long-standing relationship with Amazon, and we continue to work toward a resolution, so our cardholders can use their preferred Visa credit cards at Amazon UK without Amazon-imposed restrictions come January 2022. “
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