Amazon Will Stop Accepting U.K.-Issued Visa Cards

Amazon announced it will stop accepting UK-issued Visa credit cards due to high transaction fees, effective mid-January. The decision highlights ongoing concerns about credit card fees impacting retailers' revenues. Amazon argues that technological advancements should reduce these costs, but they remain high. Visa expressed disappointment, emphasizing consumer choice and ongoing resolution efforts.

What reason did Amazon give for stopping the acceptance of Visa credit cards in the UK?

How did Amazon describe the transaction fees charged by Visa?

What technological advancements did Amazon mention in relation to credit card fees?

What impact might Amazon's decision have on other retailers?

What was Visa's response to Amazon's announcement?