Amazon will accept Visa cards in stores and sites
Amazon and Visa announced on Thursday that they have agreed to allow the use of Visa cards as payment on Amazon sites at no additional cost.
Visa also said the companies would work together to develop “innovative payment experiences,” according to The Washington Post.
Amazon has started charging customers in Australia and Singapore an extra 0.5% for paying with a Visa credit card, the Post reported.
Amazon also previously said it would stop accepting Visa as a method of payment in the UK due to “high fees charged by Visa for processing credit card transactions”, a decision reversed by Thursday’s agreement , the newspaper added.
In November, Amazon added that it would consider dropping Visa as a partner on its co-branded credit card, according to Reuters.
“This agreement includes Visa’s acceptance in all Amazon stores and locations today, as well as a joint commitment to collaborate on new products and technology initiatives,” a Visa spokesperson told Reuters. the agreement.
The announcement comes as more customers turn to online shopping during the pandemic and Visa and other card companies have come under pressure over fees charged to retailers.
Data released by the US Census Bureau on Wednesday showed retail sales were up 3.8% last month.
Sales at non-store retailers, including major online shopping websites, jumped 14.5% in January, more than any other category.