When it comes to Amazon and money, never say never. Two days before the e-commerce giant was supposed to ban Visa credit cards in its trade in the UK, she changed the melody. Visa credit cards are still welcome on the platform for now.
On Monday, Amazon told customers in an email “working closely with Vis on a potential solution” for their disagreement, reported Sky News. Visa has confirmed that it is in talks with Amazon various points of sale“Gizmodo has contacted the company’s European department, but we have not yet received a response – and that customers could continue to use their credit cards in the meantime. (Does not affect Visa debit cards).
The sudden truce is good news for Amazon buyers in the UK, where almost 90% buy on e-commerce website, Guard prominent. Additionally, aIt is estimated that 21 million have prime ministerial membership. Reports in December said Amazon could lose up to $ 1.9 in sales from UK buyers. Visa would also be affected by this move as customers would be required to use other cards on Amazon.
The dispute between Amazon and Visa dates back to November. That month, angry about rising fees, the e-commerce giant has announced that it will ban Visa credit cards on its website starting January 19. Visa retaliated at the time that Amazon “limited consumer choice.”
Amazon has not publicly revealed which fee increase it does not like, but Sky News states it believes the e-commerce platform is crazy about interbank fees, which it claims have increased fivefold since Brexit. These fees are paid by Amazon or its retailers and would reduce profit margins and lead to changes that could increase prices for consumers.
However, the fight is not over yet. The two sides are working to reach an agreement, but that does not mean they will. (Although given the big bucks involved, something tells me he probably will). If negotiations are terminated without an agreement, Amazon said it would warn customers.
“If we make any changes to your 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 Eurocard as you do today. ” said the company in your email to customers.
Gizmodo asked Amazon for comment on Monday, but received no response by the time of the announcement. We will be sure to update this article if someone from the company contacts us.