They’ll also collaborate on new technologies.
Amazon will continue to accept Visa credit cards after reaching a global deal, just weeks after the retail giant threatened to stop accepting Visa credit cards in the UK.that Amazon will also stop charging Visa credit cardholders an extra fee on purchases made in Singapore and Australia.
At the core of the dispute were the payment fees Visa charges Amazon each time a customer makes a purchase with one of its credit cards. In the UK in particular, Visa’s interchange fees on credit cards had“This agreement includes the acceptance of Visa at all Amazon stores and sites today”reports that Amazon had considered shifting its lucrative co-branded credit card from Visa to Mastercard to secure better terms.
“We’ve recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores,” an Amazon spokesman toldA spokesperson from Visa added that “this agreement includes the acceptance of Visa at all Amazon stores and sites today, as well as a joint commitment to collaboration on new product and technology initiatives.” Both companies
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