Amazon to stop accepting Visa credit card payments next year

The online retailer will no longer accept the cards due to 'high fees' charged for processing transactions.

Amazon to stop accepting Visa credit card payments next year iStock

Amazon has said it will stop accepting payments made using Visa credit cards in the UK next year.

The online retailer emailed customers to confirm the change will come into force “starting January 19 2022”.

Amazon said it will no longer accept the credit cards due to “the high fees Visa charges for processing credit card transactions”.

Customers will still be able to use debit cards, including Visa, and non-Visa credit cards, the company added.

An Amazon spokesman said: “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 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.”

The PA news agency has contacted Visa for comment.