Amazon to No Longer Accept Visa Credit Cards
Earlier this week, Amazon announced to its customers of Amazon.co.uk that it would no longer accept Visa credit cards issued in the UK as a payment method; a change will come into effect as early as the 19th January 2022. With so many students either using Amazon for quick purchases or holding a Prime Student account, this change will be relevant to many.
What’s the reason behind this decision?
Amazon stated that this decision was due to the high fees Visa charges for processing credit card transactions. An Amazon spokesperson said the dispute has arisen due to “pretty egregious” price rises from Visa over a number of years with no additional value to its service, with the online retailer adding that costs should be going down over time due to advances in technology, “but instead th...