Amazon says it will stop accepting Visa credit cards issued in the UK over a fee dispute.
The e-commerce giant said in a message to customers on Wednesday that they will not be able to use the payment company’s credit cards from Jan. 19, blaming “the high fees Visa charges for processing credit card transactions.” .
Shoppers can still use Visa debit and other credit cards, including Mastercard and American Express, Amazon said. The message suggests that Visa credit cards issued in other countries are still accepted.
Visa said it was “deeply disappointed that Amazon threatens to limit consumer choice in the future”.
The payment company said in a statement that it “has a longstanding relationship with Amazon and we continue to work on a solution.”
Amazon said in a press statement that “the cost of accepting card payments remains an obstacle”.
“These costs should decrease over time with technological advancements, but instead they remain high or even increase,” it said, without providing any figures.