Payment News

Amazon UK Continues to Accept Visa Credit Cards

Amazon has decided to continue to accept Visa credit cards in the UK, reversing its decision to stop on 19 January. The reason for the change of heart is not clear but it is assumed that Amazon will have negotiated price concessions from Visa. The Guardian newspaper reports Amazon’s UK sales reached £19.4 billion in 2021, up 51% on the year before, so a lot was at stake for both parties.

The reason for the planned ban was never explained by Amazon.

Although it was suggested this was to do with Visa increasing its interchange fees now the UK is not part of the European Union, Amazon was still accepting Visa debit cards and the ban did not apply to Mastercard.