Amazon announces major change that all customers should be aware of

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Amazon today has announced a major change that all customers should know about after deciding that their potential ban on the use of Visa credit cards on their site has been reversed.

The retail giant announced last year that they would be banning the use of VISA credit cards on their site due to rising fees introduced by Visa.

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However, today (17th January) they have announced that the ban isn’t coming into force and shoppers have more time to decide whether they want to switch cards, the Press Association reports.

When they announced the decision in November 2021 for the start of 2022, their reasoning was that the processing fees were too high when they should have been lower.

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Customers were offered £20 earlier to switch credit card providers.

This latest announcement now gives shoppers more time to enjoy their Amazon benefits while deciding whether to switch cards.

Global Tech News Daily

Amazon announces major change that all customers should be aware of
© Norm Betts/Bloomberg via Getty Images Amazon’s decision will not affect it’s own credit card which is run on Mastercard

The ban was expected to come in on the 19th of January.

An Amazon spokesperson today said: “The expected change regarding the use of Visa credit cards on Amazon.co.uk will no longer take place on January 19.

“We are working closely with Visa on a potential solution that will enable customers to continue using their Visa credit cards on Amazon.co.uk.”

The fees that Amazon wasn’t happy about were in regards to the processing fees related to Visa credit cards.

Visa hiked its interchange fee for online credit card payments from 0.3 per cent to 1.5 per cent last year.

Visa debit cards were not going to be impacted by the ban and customers are still free to use that on the site. As well as using their Visa credit cards at present.

Customers have been reacting on Twitter to the news of the announcement. One user wrote: “Who blinked first, #Amazon or #Visa? Whichever, I’m glad it’s not (currently) happening.

“Though if it had done so, I’d have stopped using Amazon rather than switch credit cards or use a debit card which doesn’t have the same online purchase protections.”

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