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Amazon Will Stop Accepting U.K.-Issued Visa Cards
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Business
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9th - 10th Grade
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Hard
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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.
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