Amazon to stop accepting UK Visa credit cards from January

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memory man
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Amazon to stop accepting UK Visa credit cards from January

Post by memory man » Wed Nov 17, 2021 12:13 pm

The online retail giant said it has made the decision due to ‘the high fees Visa charges for processing credit card transactions’.

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glang3000
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Re: Amazon to stop accepting UK Visa credit cards from January

Post by glang3000 » Wed Nov 17, 2021 7:11 pm

This is thanks to EU law, a couple of years ago the EU decided that companies could not pass on the charges from more expensive cards, i.e. if a credit card company charges 2.5% and the debit card company charges 0.5% you can't charge people who use a credit card the extra 2% nor can you give the customer who uses the debit card a discount. The result is Credit card companies can now charge what they like and are putting up their charges.

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ast
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Re: Amazon to stop accepting UK Visa credit cards from January

Post by ast » Thu Jan 27, 2022 9:52 am

Aparently you can still use a UK visa credit card for the forseeable future even though we have passed the cut off day of 19th January, this is being reviewed by Amazon and Visa to come up with a coprimise. 8-)
I started off with nothing and have most of it left !

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PhotoLady
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Re: Amazon to stop accepting UK Visa credit cards from January

Post by PhotoLady » Thu Jan 27, 2022 10:27 am

I got an email about it last week. Back to normal for now.
It is I, LeClerc

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