Amazon Enters Global Deal to Accept Visa Credit Cards

Amazon has finally reached an official agreement with Visa to accept the latter’s credit cards as a payment option for Amazon customers.

Last year it was first announced that Amazon would no longer accept payment from UK-issued Visa Credit cards. Just days before the removal was set to take place Amazon announced the decision was on hold whilst they tried to come to an agreement with the financial service.

Visa and MasterCard increased their UK-EU interchange fees this year due to the EU fee cap for the UK being removed after Brexit.

Amazon expressed their disapproval towards Visa applying such high fees as this provided an obstacle for their customers. Now, Amazon and Visa have come to an agreement.

In a statement, Amazon said: “We’ve recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores.”

A Visa spokesperson commented: “This agreement includes the acceptance of Visa at all Amazon stores and sites today, as well as a joint commitment to collaboration on new product and technology initiatives to ensure innovative payment experiences for our customers in the future.”