The two companies have known similar rounds in the past, when Amazon announced plans to impose a 0.5% levy on Visa credit cards in Australia and Singapore last year. It is still unclear why Amazon made a U-turn in its plan to cancel Visa credit cards in the UK, nor is it clear whether this is a temporary or permanent decision in the matter. “Amazon customers can continue to use Amazon.co.uk Visa cards after January 19 while we work closely to reach an agreement,” a Visa spokesman said.
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According to the guys in the previous round of reports, the reason for the extreme move is that Visa refuses to cooperate with it regarding clearing fees, which it says are too high, and even continue to rise, especially since the Brexit, which allowed UK credit companies to raise various EU regulations. Allowed them to raise in previous years. She also added that the choice she faced was either to stop getting the tickets that charge her such high fees, or to raise prices significantly – a move she has already made in several countries, such as Australia, where a special “fine” is imposed on visa users.
https://t.co/ykTUEmdsQA will continue accepting Visa debit cards, and any Visa credit card issued outside of the UK. Only Visa credit cards issued in the UK will no longer be accepted. For accepted payment methods please visit https://t.co/BfwTvED2ZY. -Christyn
— Amazon Help (@AmazonHelp) November 17, 2021