Retail News

Amazon may end co-branded credit card with Visa in the U.S.

Reuters/Fox Business 11/18/2021

Amazon.com has said it will stop accepting Visa cards as payment in the UK because of high fees and is considering ending its partnership with the company on a co-branded credit card in the U.S. “We think Amazon has the edge in this game of chicken — whether customers adopt its own payment system or Visa gives in and lowers its fees, either is a win for the retail giant,” said Laura Hoy, equity analyst at Hargreaves Lansdown.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!