Amazon to stop taking VISA credit card payments in UK from January next year

The online retail giant Amazon will stop accepting VISA credit cards in a matter of months, due to 'high fees' charged by Visa.

What's worse, it will only affect VISA credit cards issued in the UK, as VISA raised their fees by 1.5 percent after the UK left the EU last year.

VISA debit cards, Mastercard and American Express credit cards will still be valid on the site, as will Visa credit cards issued outside of the UK.

Some Amazon users have already begun receiving notifications to inform them of the change, which will take effect on January 19, 2022.

Visa started charging an additional 1.5 percent on credit card transactions in the UK in October, as a previous cap on credit card charges enforced by the EU was no longer applicable.

'Money saving expert' Martin Lewis responded to the news by saying he thinks it is a 'negotiating tactic' by Amazon to get a cut in fees.

He wrote: "Amazon to stop allowing people to use Visa credit cards from Jan (Visa debit, mastecard & amex still fine) It's because Visa is increasing transaction rates now the EU cap no longer applies (post Brexit). It's a possible negotiating tactic for Amazon to gets its fees reduced."

Disgruntled Amazon customers also took to Twitter to share their anger.

"I assume I can no longer shop with them – I will be cancelling my prime and kindle subscriptions shortly. Not nice to be treated like this [Amazon]", wrote one Twitter user.

"Yeah think I’ll shop elsewhere I’m not getting a different credit card just for Amazon I’ll lose my [Amazon Prime Video] but that's not too much of a loss," said another.

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