Amazon and Visa have reached a “global agreement” that will allow customers to continue to use their Visa credit cards on the Amazon UK website.
The e-commerce giant initially planned to stop accepting Amazon and Visa credit cards issued in the UK from 19 January due to rising shipping fees before the last-minute U-turn.
In an e-mail to customers 48 hours before the deadline, Amazon said the move “will not take place on January 19” and that “it is working with Visa on a viable basis”.
The response seemed to come out quickly, both sides announcing an agreement.
Amazon has released a statement saying it will not cancel Visa credit cards from amazon.co.uk.
In addition, customers in Australia and Singapore will no longer be charged for additional use of a Visa credit card.
A spokesman said: “We recently entered into an international Visa agreement that allows all customers to continue to use their Visa credit cards at our stores. Amazon remains committed to providing consumers with a simple and affordable payment experience. “
Visa backed Amazon and announced a “big, global deal” with the online retailer.
A Visa spokesperson said: “This agreement includes the acceptance of Visa for all Amazon stores and locations today, as well as a joint commitment to partnering on new product plans and technologies to our customers will have access to future payment experience. “
The conflict between the two family names originated in Brexit. In the UK, the EU-tariff cap will no longer apply to card issuers and both Visa and Mastercard will add additional fees as a result.