According to a report published by Reuters, Amazon.com, Inc. (AMZN) plans to stop accepting credit cards issued by Visa, Inc. (V) in the U.K., starting next year, due to high transaction fees. Meanwhile, Amazon customers in the U.K. can continue to use Visa debit cards, American Express (AXP) and Mastercard (MA) credit cards, and Eurocard. Company Reaction An Amazon spokesperson said, “As a result of Visa's continued high cost of payments, we regret that Amazon.co.uk will no longer accept U.K.-issued Visa credit cards as of January 19, 2022.” A Visa spokesperson said, “We are very disappointed that Amazon is threatening to restrict consumer choice in the future.
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