Brexit has influenced the online payment market, with Visa no longer being controlled by the EU authorities to keep its fees within a limit. As a result, throughout 2021, Visa has imposed higher charges on its credit card payments, determining US retailer Amazon to drop from their long-time partnership. Visa’s fees have gone up from 0.2% - 0.3% to 1.15% for every Amazon purchase via a credit card.
According to Amazon officials, UK customers can still use Visa debit cards, Mastercard and American Express credit cards, as well as Eurocard for purchases made on Amazon’s platform.
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