Technology

UK Amazon announces it will stop accepting Visa card due to high fees

UK Amazon announces it will stop accepting Visa card due to high fees

Amazon.com will stop accepting Visa credit cards issued in the UK for purchases starting next year, in a bid by the online retailer to avoid costly transaction fees charged by payment networks. This week, Amazon users who recently made purchases received a notification stating, "We will no longer accept Visa credit cards issued in the UK due to the high fees charged to process transactions."

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