Amazon and Visa have resolved their simmering dispute over fee charges within the UK and elsewhere, Reuters has reported. “We’ve recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores,” a spokesperson advised Reuters. 

Amazon threatened to cease accepting Visa within the UK beginning January nineteenth, citing the excessive charges it prices for bank card transactions. The remainder of Europe wasn’t impacted because the EU has a cap on card issuer charges, however each Mastercard and Visa card issuers jacked charges within the UK following Brexit. UK regulators just lately announced that they’d examine these will increase. 

It appeared doubtless that Amazon would not perform its menace, given Visa’s dominance within the fee market. Sure sufficient, shortly earlier than that deadline, Amazon introduced it might proceed accepting the playing cards in any case and mentioned it was “closely working with Visa on a potential solution.” 

Amazon did not ban or threaten to ban Visa playing cards anyplace else, nevertheless it has been charging a further transaction price for Visa-using prospects in Australia and Singapore. That cost has now been revoked, and Visa and Amazon seem to have put the entire thing behind them. “This agreement includes the acceptance of Visa at all Amazon stores and sites today, as well as a joint commitment to collaboration on new product and technology initiatives,” a Visa spokesperson mentioned in an announcement.