Amazon . com Inc. said it would stop accepting Visa Inc. credit cards that have been issued in the U.K. because of high charges by Visa, in a spat highlighting ongoing tensions between retailers and payment processors over fees.
Amazon told customers it won’t take credit cards issued by Visa in the U.K. as of Jan. 19, “due to the high fees Visa charges for processing credit card transactions.” A spokesman said card payment costs keep customers from getting better prices and that those costs shouldn’t be staying high or rising even as technology improves.
