Amazon to stop accepting Visa’s UK-issued credit cards over high fees

Amazon.com Inc (NASDAQ:AMZN) said on Wednesday it would stop accepting Visa Inc (NYSE:V) credit cards issued in the United Kingdom from next year due to the high fees charged by the payment processor for transactions.

“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,” an Amazon spokesperson said in an emailed statement.

Amazon customers can still use Visa debit cards, Mastercard (NYSE:MA) and Amex credit cards, and Eurocard, the company said in a note to its customers.

Merchants have long disputed with payment processors over transaction fees. A Kroger (NYSE:KR) unit in 2019 stopped accepting Visa’s credit cards, citing excessive fees.

Visa did not immediately respond to Reuters’ request for a comment.

Amazon’s plan to stop accepting UK-issued Visa credit cards was earlier reported by Bloomberg News.