Image: Amazon

Amazon told customers in November that it would no longer accept payments made with UK-issued Visa credit cards beginning this Wednesday, January 19.

Now, just two days before that date, Visa and Amazon are seemingly close to figuring out a deal that will allow customers with UK-issued Visa credit cards to continue using them on the world’s most popular etailer. This is according to an email that Amazon sent out this morning, which confirmed it is working with Visa on a solution.

“The expected change regarding the use of Visa credit cards on Amazon.co.uk will no longer take place on 19 January,” the email shared by The Guardian reads. “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.”

“Should we make any changes related to Visa credit cards, we will give you advance notice. Until then, you can continue to use Visa credit cards, debit cards, Mastercard, American Express, and Eurocard as you do today.”

Reports from last month suggested that Amazon could lose up to £1.4bn from UK shoppers if the company decided to go ahead with its Visa ban. Almost 90% of Britons shop at Amazon, with Amazon Prime memberships in the UK to be about 21 million, according to The Guardian.

Source: The Guardian

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3 Comments

  1. Surprise surprise, Visa refused to negotiate, so Amazon said.. Fine then we won’t give you our business. Visa Customers complained. They looked at what they would loose, now Visa is approaching it from protecting as much income as they can. When the worlds largest online marketplace threatens to not do business with you any more unless you renegotiate prices… You realize you’re more dependent on them than they are on you.

    Imagine if Amazon said… we’re making a bank and an Amazon E-Card that you can put on your smart pay devices, You can link it to your existing checking account with whatever bank, OR get a actual Credit card through us to attach to it. It will be accepted on all Amazon transactions AND give you more protection from bad purchases. PLUS we are in negotiations to have it available at every retailer that has an Amazon marketplace presence as well. At NO charge to them.

    Yea Visa was smart to step up and make this right. That threat is huge for them and could really reduce their bottom line. And Amazon would just spin it as a new business under the parent company umbrella to protect itself from anti competition challenges.

  2. [QUOTE=”Grimlakin, post: 47011, member: 215″]
    Imagine if Amazon said… we’re making a bank and an Amazon E-Card that you can put on your smart pay devices
    [/QUOTE]
    Didn’t Wal-Mart try that a few years ago? I don’t recall what happened with it.

    Also, with as many Amazon gift cards as I get (and give) over the holidays – that may as well be hard cash, and could do 75% of what you talk about.

  3. [QUOTE=”Brian_B, post: 47026, member: 96″]
    Didn’t Wal-Mart try that a few years ago? I don’t recall what happened with it.

    Also, with as many Amazon gift cards as I get (and give) over the holidays – that may as well be hard cash, and could do 75% of what you talk about.
    [/QUOTE]
    Walmart wanted to be a bank…. I don’t know what happened, either it was blocked or paid off. A Walmart bank makes sense.

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