Breaking:Lincoln names Jermaine Gales as football head coach
Today's Edition Local Missouri National World Opinion Obits Sports GoMidMo Events Classifieds Newsletters Contests Special Sections Jobs
ADVERTISEMENT
ADVERTISEMENT
story.lead_photo.caption FILE - In this Friday, July 27, 2018 file photo, the logo for Amazon is displayed on a screen at the Nasdaq MarketSite. Amazon says it will stop accepting Visa credit cards issued in the United Kingdom because of a dispute over fees that the payment company charges. The e-commerce giant said in a message to customers Wednesday, Nov. 17, 2021, that they won't be able to use Visa credit cards after January 19, 2022, blaming "the high fees Visa charges for processing credit card transactions.” (AP Photo/Richard Drew, file)

LONDON (AP) — Amazon said it will stop accepting Visa credit cards issued in the United Kingdom because of a dispute over fees, marking growing tensions between the companies.

The online retail giant said in a message Wednesday to customers that they won’t be able to use the payment company’s U.K. credit cards starting Jan. 19, blaming “the high fees Visa charges for processing credit card transactions.”

Shoppers will still be able to use Visa debit cards and other credit cards, including Mastercard and American Express, Amazon said. The notice suggests Visa credit cards issued in other countries will still be accepted.

Amazon said it would give shoppers $27 off their next purchase the first time they set up a debit or non-Visa credit card as their default card.

Visa said it was “very disappointed that Amazon is threatening to restrict consumer choice in the future.”

The payment company said in a statement it has “a long-standing relationship with Amazon and we continue to work toward a resolution.”

Amazon said in a statement “the cost of accepting card payments continues to be an obstacle.”

“These costs should be going down over time with technological advancements, but instead they continue to stay high or even rise,” it said, without providing figures.

Fees have been a growing source of tension between Amazon and Visa. Earlier this year, Amazon started charging customers in Australia and Singapore who use Visa credit cards a 0.5 percent surcharge.

In any credit card transaction, there are a number of fees involved, such as an “interchange fee” the shopper’s bank pays to the retailer’s bank and other costs like service and technology charges. It’s not clear which fee is the focus of the U.K. dispute.

COMMENTS - It looks like you're using Internet Explorer, which isn't compatible with our commenting system. You can join the discussion by using another browser, like Firefox or Google Chrome.
It looks like you're using Microsoft Edge. Our commenting system is more compatible with Firefox and Google Chrome.
ADVERTISEMENT
ADVERTISEMENT
/** **/