Don’t worry, Amazon says it’s cool with Visa credit cards after striking deal

Photo by Matt Cardy/Getty Images Amazon will continue to accept Visa credit cards after reaching a global deal, just weeks after the retail giant threatened to stop accepting Visa credit cards in the UK. Bloomberg reports that Amazon will also stop charging Visa credit cardholders an extra fee on purchases made in Singapore and Australia. At the core of the dispute were the payment fees Visa charges Amazon each time a customer makes a purchase with one of its credit cards. In the UK in particular, Visa’s interchange fees on credit cards had risen from 0.3 percent to 1.5 percent after the UK left the European Union and was no longer bound by EU fee limits. “This agreement includes the acceptance of Visa at all Amazon stores and sites today” Bloomberg reports that Amazon... Continue reading…
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