It appears that Amazon and Visa have agreed an 11-hour resolution to their bitter dispute. After the online retailer informs customers that they can continue to use the Visa credit card on the website.
In November, Amazon told customers From 19 January onwards Will stop accepting Visa credit card payments issued in the UK.
At the time, Amazon blamed its decision on “The high fees Visa charges for processing credit card transactions” has since. Both companies are involved in what is known as “Corporate Chicken Game”
However, on Monday morning Amazon began sending emails to affected customers. They said they will continue to use Visa credit cards to pay for purchases and for Amazon Prime.
“The expected changes to the use of Visa credit cards on Amazon.co.uk will no longer occur on January 19th. We are working closely with Visa to resolve any possible issues. to allow customers to continue using their Visa credit card on Amazon.co.uk,” the email stated.
“If we make any changes relating to Visa credit cards, we will notify you in advance. until then You can use Visa credit cards, debit cards, Mastercard, American Express and Eurocard just like today.”
Nearly 90 percent of Britons shop at Amazon, and analysts forecast 21 million Amazon Prime members in the UK last month claiming that Amazon faces a loss of nearly 1.4 billion pounds from shoppers on Amazon. united kingdom Have a Visa credit card banned from the website.
However, the visa will also lose a lot of income. because the customer will be forced to use another card Now, it looks like the crisis talks expected over the weekend have come to fruition. And it looks like a holding deal has already taken place. while a long-term solution is ongoing.
If the ban continues It would greatly inconvenience millions of people using Visa credit cards issued by carriers, including Barclaycard. Amazon Prime will lose hundreds of thousands of subscribers when payments are over.
A Visa spokesperson said: “Amazon customers will continue to use their Visa cards on Amazon.co.uk after January 19 as we work closely to reach an agreement.”
