When it comes to Amazon and money, never say no. Two days ago the e-commerce giant was set to ban its Visa credit card UK store, It has changed its tone. Visa credit cards are currently welcomed on the platform.
On Monday, Amazon said in an email to customers that it was “working closely with Visa on a possible solution” to their disagreement. Sky News reported. Visa has confirmed that it is in talks with Amazon Different OutletIzGizmodo has contacted the European division of the company but we have not yet heard — and customers can continue to use their credit cards already. (Visa debit card is not affected).
The sudden ceasefire is good news for Amazon customers in the UK, where almost 90% shop on e-commerce site, Guardian To mark. In addition, an is said to have approximately 21 million prime subscriptions. Report in December Amazon says it could lose up to 9 1.9 in sales from UK customers. Visa will also be affected by the move as customers will be forced to use other cards at Amazon.
Conflict between Amazon and Visa until November. That month, Angered by the rising fees, The e-commerce giant has announced that it will ban Visa credit cards on their site from January 19. The visa comes back at that time That Amazon is “limiting consumer choice.”
Amazon has not publicly disclosed any rising fees, however Sky News Says it is believed the e-commerce platform is crazy about interchange fees, which it claims have increased fivefold since Brexit. These fees are paid by Amazon or its merchants and reduce profit margins and lead to changes that could increase prices for consumers.
Although the fight is not over yet. The two sides are working to reach an agreement, but that doesn’t mean they will. (Although big money is involved, some tell me they will probably). If the talks dissolve without a deal, Amazon says it will give customers a head start.
“If we make any changes to the Visa credit card, we will notify you in advance. Until then, you can continue to use Visa Credit Cards, Debit Cards, MasterCard, American Express and Eurocards as you do today. ” The company said In customer emails.
Gizmodo reached out to Amazon for comment Monday, but received no response at the time of publication. We will make sure to update this article if anyone from the company comes back to us.