Why is Amazon stopping Visa payments in the UK and which cards will be accepted?
Customers using Amazon in the UK will no longer be able to use Visa credit cards to pay for their purchases from early next year.
The online retail giant broke the news in an email to its customers earlier this week – with the move likely to affect millions of shoppers whose banks use Visa for their credit cards
So just why have Amazon made the move, when will it come into force – and what other payment methods can you use?
Here’s all the information you need to know…
Why will Amazon stop accepting Visa credit cards in the UK?
Amazon has said it will no longer accept Visa credit cards from UK customers from January 19 2022.
They have said their decision comes as a result of the high fees charged by Visa for processing transactions made using their credit cards.
An Amazon spokesperson explained: ‘The cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers.
‘These costs should be going down over time with technological advancements, but instead they continue to stay high or even rise.
‘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 January 19 2022.
‘With the rapidly changing payments landscape around the world, we will continue innovating on behalf of customers to add and promote faster, cheaper, and more inclusive payment options to our stores across the globe.’
Visa has said in a statement that it is ‘very disappointed’ by the move, adding: ‘When consumer choice is limited, nobody wins.
‘We have a longstanding relationship with Amazon, and we continue to work toward a resolution, so our cardholders can use their preferred Visa credit cards at Amazon UK without Amazon-imposed restrictions come January 2022.’
What payments can you use instead on Amazon?
The following payments will still be accepted by Amazon for transactions after the above date:
- Visa debit cards
- Mastercard credit and debit cards
- American Express
- UK-based Maestro cards
- Amazon gift cards or vouchers
You can also use a PayPal Cash card, business debit Mastercard or the virtual PayPal Key credit card – but you cannot pay for purchases on Amazon using PayPal directly.
You do not need to make a purchase to update your payment details – to change these ahead of January 19, simply add a new card or remove an existing one from your Amazon wallet, which can be found on site under your account details.
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