Amazon strikes agreement with visa on payment fees

Amazon strikes agreement with visa on payment fees

Bloomberg: Amazon.com Inc. has agreed to accept Visa Inc.’s cards across its global network, settling a feud that threatened to damage the financial giant’s business and disrupt e-commerce payments.

The agreement, announced by both companies, resolves a dispute that at one point spurred Amazon to consider a ban on UK-issued Visa credit cards. The retailer said it will no longer charge customers who use Visa cards on its site in Singapore and Australia an extra fee, and won’t turn off Visa credit cards from amazon.co.uk.

“We’ve recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores,” a company spokesman said via email. “Amazon remains committed to offering customers a payment experience that is convenient and offers choice.”