Amazon, the giant of online trading, announced this Wednesday, November 17 to its clients by means of an email that will stop accepting Visa credit card payments from January 19, 2022 due to the aHigh fees for processing transactions made with these.
It is worth mentioning that last month, Visa began to charge the 1.5 percent of the transaction value for credit card payments made online or by phone between the UK and the European Union, and the 1.15 percent for debit card transactions, compared to 0.3 and 0.2 percent, respectively.
Customers will be able to continue making their payments using debit cards, including those of that company, and other credit cards issued by other companies – other than Visa such as Mastercard, Amex and Eurocard-.
It is important to mention that the measure will apply only in the UK, but analysts temen that it spreads to other countries, like Mexico, where Amazon leads the online sales sector. According to the Reuters agency, this would respond to the Amazon intends to move your shared credit card to Mastercard.
“The cost of accepting card payments continues to be an obstacle for businesses to prosper in order to provide the best prices for customers,” an Amazon spokesperson said, according to the agency EFE. “These costs should go down over time with technological advances, but instead they remain high or even rising,” the source observed.
The same spokesperson added that “as a result of the changing payment environment around the world, we will continue to innovate in favor of customers to add and promote faster, cheaper and more inclusive payment options in our stores around the globe.”
What did VISA say about this action taken by Amazon?
For its part, a Visa spokeswoman clarified that “the UK shoppers can use their Visa debit and credit card on Amazon UK today and during the holiday season“.
“We are very disappointed that Amazon is threatening to restrict consumer choices in the future,” the spokeswoman admitted, stressing that “when consumer choice is limited, no one wins.”
He stressed that Visa has “a lasting relationship with Amazon” and assured that “they will continue working to achieve a resolution, so that consumers can use their Visa credit card in Amazon UK without restrictions imposed by Amazon since January 2022” .
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