Amazon and Visa Reach Fee Payment Agreement
Visa and Amazon.com have settled a dispute over payment fees, and the credit card will now be accepted at all of the e-commerce giant’s websites and stores.
“We recently entered into a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores. Amazon remains committed to providing customers with a convenient and choice checkout experience,” said Amazon AMZN,
in a statement emailed Thursday.
End of last year. AmazonAMZN,
announced that it would no longer accept Visa V,
credit cards issued in the UK from 2022, due to the “high cost of payments”, although Visa has argued that its fees are competitive.
“Visa is delighted to have entered into a broad global agreement with Amazon. This agreement includes Visa acceptance at all Amazon stores and locations today, as well as a joint commitment to collaborate on new products and technology initiatives to ensure innovative payment experiences for our customers in the future.” , said the credit card provider.
Amazon will also stop charging additional fees to Visa users in Singapore and Australia.
Some analysts at the time said the move may have been a bargaining tactic by Amazon and could even push some consumers towards Mastercard MA,
or American Express AXP,
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