Amazon UK To Continue Accepting Visa Cards on 19th – Attempting To Resolve Dispute
Amazon has today announced that they will continue accepting Visa cards ‘For the time being’. Back in November 2021, Amazon announced that they would stop accepting Visa credit card payments on their site in a dispute over rising processing fees. These changes were due to come into place on the 19th January 2022 but this is now not the case.
- Do you need a business bank account for your online business? Have a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits.
- Boost your social media engagement with Publer. Learn how you can save time writing engaging content faster with AI. [sponsored]
- eBay to compete with sellers now!
- New stamp prices and fee increases are coming from USPS on July 9.
- SMALL BUSINESS WEEK SPECIAL: Three tips for SMB ecommerce success in 2023.
Customers have been receiving emails from Amazon letting them know of the news which for many is being seen as a good thing so as not to restrict payment choice on the UK’s largest marketplace. Most UK consumers don’t have a choice of the type of card that their bank or credit card company uses so it could have left many customers who rely on credit cards without an option to check out on the site.
Amazon & Visa Working On Solution
Visa also released a brief statement on the subject which said “Amazon customers can continue to use Visa cards on Amazon.co.uk after 19 January while we work closely together to reach an agreement.”
Whilst this is by no means a solution at this time it is clear that the two companies are communicating to try and find an amicable way forward for both companies. Amazon wouldn’t want to make payments harder for their customers and Visa knows that 89% of British adults use Amazon and know that would be a huge dent in their business.
Whilst it is good news, for now, we will keep an eye on how this story continues to develop and let you know of any changes.
Subscribe to Our Newsletter
We do not sell your information.
You can unsubscribe at any time.
Head over to our Facebook Group for Small Business Marketplace Sellers and interact with us and other small business owners. Follow us on Facebook, Twitter, or LinkedIn to stay up to date with relevant news and business insights for your online business.
Dave is a Co-Founder of eSeller365. For over 10 years he has been involved with eCommerce with a particular interest in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK’s youngest eCommerce consultant, he built an education platform called UnderstandingE that showed the world how to utilize Magento as the “Third Generation of Multi-Channel software”.
Dave has also created a YouTube channel dedicated to entrepreneurship and eCommerce as well as a podcast dedicated to mental health awareness. When Dave isn’t working his main interests include learning and playing Chess, researching the Crypto and NFT space, and trying to find the nearest beach.