SEATTLE—After already announcing it will stop accepting Visa payment cards in the U.K. due to a dispute over payments, Amazon now says it is also considering dropping Visa as a partner on its U.S. co-branded credit card, as well.
Since Britain’s exit from the European Union, an EU-enforced cap on fees charged by card issuers is no longer in place in the U.K., meaning providers are free to hike charges, noted Reuters. Visa last month began charging 1.5% of the transaction value for credit card payments made online or over the phone between the U.K. and E.U., and 1.15% for debit card transactions, up from 0.3% and 0.2%, respectively.
The e-commerce giant is in talks with several payment networks including Mastercard, American Express and also Visa as part of what it called its standard process for reviewing its co-branded credit card agreement, a spokesperson told Reuters.
In recent months, Amazon has introduced surcharges on customers using Visa credit cards in Singapore and Australia, citing high fees, as the relationship between the two firms deteriorated.