According to numerous reports, Amazon will stop accepting credit cards from Visa as early as January Wednesday. Why? That is another thing that Brexit can be blamed for, the separation of Great Britain from the European Union in 2020.
Last month, Visa has increased the fees it charges online merchants for each transactionion, somethingg blamed the UK for this leaving EU. In return, Amazon says it simply does not want to pay higher fees and will stop accepting Visa credit cards, although Visa debit cards will still be accepted through online retailers.
Visa is obviously not happy with the situation, but the company is trying to give a positive spin to the current situation. Visa pointed out that Amazon will continue to accept all Visa credit cards in the UK until Christmas and suggested that they could resolve matters by the January 19 deadline imposed by Amazon.
“Customers from the UK can use their Visa debit and credit cards at Amazon UK today and during the holiday season,” a Visa spokesman told Gizmoda via email early Wednesday morning.
“We are very disappointed that Amazon is threatening to limit consumer choices in the future. When consumer choice is limited, no one wins, ”the spokesman continued.
“We have a long-standing relationship with Amazon and continue to work to resolve the issue so that our cardholders can use their preferred Visa credit cards in Amazon UK without the restrictions imposed by Amazon in January 2022.”
Amazon did not respond to a request for comment early Wednesday.
Visa was not the only financial institution to start charging higher fees after Brexit. Mastercard has done something similar, although higher credit card fees are currently Britain’s least concern. The UK suffers from a shortage of truck drivers – a profession that previously relied on a large population of immigrants – leaving empty shelves in many shops across the country.
The United Kingdom is trying to attract more drivers by introducing a simplified visa system for immigrants, but there have been few who have used them, according to the data. BBC. Great job, Britain. Or, more precisely, Britain’s Boomers. You really kicked him out of the park with this whole Brexit thing. Surely food shortages and higher credit card fees are just the beginning in a long line of great innovations that you have brought to your country.
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