Skip to content
Search
AI Powered
Human content, AI powered search.
Latest Stories

Amazon to stop accepting Visa credit cards in UK over high fees

Amazon to stop accepting Visa credit cards in UK over high fees
Photo: iStock
Kiran Paul
By Kiran PaulNov 17, 2021
Kiran Paul
See Full Bio

Online retail giant Amazon on Wednesday said it plans to stop accepting payments in the UK made with Visa credit cards, blaming the move on high fees charged by the payment processor for transactions.

"These costs should be going down over time with technological advancements, but instead they continue to stay high or even rise," Amazon said in a statement.

Amazon's UK online site will no longer accept the cards as of January 19.

Customers can continue to use Visa debit cards, Amazon said.

"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," Amazon added.

Visa hit out at the move, with a spokeswoman saying the card payments giant was "very disappointed that Amazon is threatening to restrict consumer choice".

"When consumer choice is limited, nobody wins. We have a long-standing relationship with Amazon and we continue to work toward a resolution," she added in a statement.

amazonvisa

Related News

Jisp unveils new NPD service
Industry News

Jisp unveils new NPD service

More for you

Bira engages with Treasury on Budget fallout, business rate reform
(Photo by Christopher Furlong/Getty Images)
Getty Images

Bira engages with Treasury on Budget fallout, business rate reform

Independent retailers association Bira has held a meeting with members of the Treasury team to discuss concerns following its robust response to the Government’s recent Budget announcement.

The Budget, labelled by Bira as "devastating" for independent retailers, was met with widespread indignation from Bira members.

Keep ReadingShow less
East of England Co-op achieves 70 per cent productivity boost with Electronic Shelf Labels

East of England Co-op achieves 70 per cent productivity boost with Electronic Shelf Labels

East of England Co-op said it has improved labour productivity whilst improving customer service delivery in-store with an Electronic Shelf Label (ESL) solution from Pricer, the leading in-store automation and communication solutions provider.

Established in 1861, East of England Co-op is now the largest independent retailer operating in the East of England. In addition to the 120 food stores it operates in the region, the regional cooperative also offers customers specialist services, such as funerals, security, travel agents and petrol filling stations across Essex, Suffolk, Norfolk, Cambridgeshire and Hertfordshire.

Keep ReadingShow less
PayPoint

PayPoint delivers strong half-year results; retail network crosses 30,000 sites

PayPoint Plc has on Thursday has announced a robust financial performance for the half year ending 30 September, making continued progress towards achieving an underlying EBITDA of £100 million by the end of FY26.

The company’s UK retail network increased to 30,151 sites during the period, from 29,149 at the end of the previous fiscal year. 70 per cent of these are independent retailers, and the rest in multiple retail groups.

Keep ReadingShow less
Johnson & Johnson office

Johnson & Johnson office in Irvine, California

Photo by Mario Tama/Getty Images

Johnson & Johnson risks UK lawsuit over talc cancer claim

UK claimants announced Wednesday legal action against US pharmaceutical and cosmetics giant Johnson & Johnson, alleging that women diagnosed with cancers were exposed to asbestos in the company's talcum powder.

J&J risks UK court action for the first time over the allegations, having faced a series of similar lawsuits in North America.

Keep ReadingShow less
Glebe Farm Foods: 'best-in-class' for Food Safety Standards

Glebe Farm Foods: 'best-in-class' for Food Safety Standards

Glebe Farm Foods has announced that its site has been awarded AA+ grade following the recent unannounced audit against the BRCGS V9 standard.

The BRCGS Global Food Safety Standard is a globally recognised certification program designed to ensure the safety, quality, legality and authenticity of food products. This was the first unannounced audit for the site and included all the production facilities; de-hulling, flaking and flour, oat drink manufacturing and Tetrapak filling, and new to the scope was the manufacturing and packing of Granola.

Keep ReadingShow less