Amazon to stop accepting Visa credit cards in Britain

Come November, Amazon is prepared to stop accepting Visa credit cards issued in Britain. Visa spokesman Mark Gallagher said he could not comment on why the U.S. online retailer was switching over to an…

Amazon to stop accepting Visa credit cards in Britain

Come November, Amazon is prepared to stop accepting Visa credit cards issued in Britain.

Visa spokesman Mark Gallagher said he could not comment on why the U.S. online retailer was switching over to an alternative from Bank of America Merrill Lynch, but said Bank of America was being reimbursed for any charges if users made payments using the Visa card.

Amazon’s card processors, which were being replaced by Bank of America, have been unable to extend their contracts with the U.S. retailer, the Financial Times reported on Monday.

Despite signing a deal, Bank of America will take charge of future cash withdrawals and payments for goods sold on Amazon.

“Anyone in Britain with a Visa Signature and a Visa on Arrival card will be able to continue using that for Amazon purchases,” Gallagher said.

He declined to comment on why the switch had happened.

“Citi is continuing to provide these cards to customers on an exclusive basis that won’t change,” he said.

Amazon did not immediately respond to a request for comment.

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