Amazon Won't Accept Visa Credit Cards in the U.K.

Amazon's decision to stop accepting UK-issued Visa credit cards highlights the growing concern over high transaction fees in the credit card industry. This move is part of Amazon's strategy to encourage alternative payment methods, such as debit cards and potentially cryptocurrencies, to reduce costs. The video discusses the impact of these fees on retailers and consumers, especially in the UK post-Brexit, and examines trends in credit card usage during the pandemic. It also touches on economic uncertainties affecting consumer behavior and credit card debt.

What trends have been observed in credit card usage during the pandemic?

What factors are contributing to the uncertainty in credit card spending?