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Liverpool Echo
Liverpool Echo
World
Gemma Jones

Amazon's major U-turn as customers can continue to use Visa credit in 'global truce'

Amazon has changed plans which would have prevented customers from using Visa credit cards all across its sites.

The two businesses finally reached a deal in their long-running dispute which had Amazon set to stop Visa credit payments by January 16 due to 'high fees' from Visa.

Amazon announced just days before the ban, on January 17, that they were trying to secure a new deal with Amazon and postponed the changes.

READ MORE: Thousands of Amazon customers hit by bank account scam

The move would have affected payments made on Amazon from Visa credit cards issued in the UK, as rates shot up from 0.3% to 1.5% for online credit card payments, and for debit card transactions, the rate rose from 0.2% to 1.15%.

But now the ban has been scrapped completely as the two companies have come to a 'global agreement'.

Amazon said: "We've recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores."

Visa added: "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 to ensure innovative payment experiences for our customers in the future."

Amazon customers in Singapore and Australia also had to pay a surcharge if they used a Visa credit card to purchase goods.

However, this surcharge will now be removed from today as well.

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