Amazon, Visa reach agreement over credit card fees
A credit card is seen in front of a displayed Visa logo in this illustration taken July 15, 2021. (Reuters Photo)


All Amazon.com stores and sites will accept Visa cards as part of a global agreement, the payments giant said late Wednesday.

Amazon said last November that it would stop accepting Visa credit cards issued in the United Kingdom because of the high transaction fees charged by the payment processor.

Earlier this year, the e-commerce giant eventually said it would not stop accepting U.K.-issued Visa credit cards on its British website, adding that it was working with Visa to resolve a dispute over payment fees.

An EU-enforced cap on fees charged by card issuers is no longer in place in the U.K. following Brexit.

"Visa is pleased to have reached a broad, global agreement with Amazon. This agreement includes the acceptance of Visa at all Amazon stores and sites today, as well as a joint commitment to collaboration on new product and technology initiatives to ensure innovative payment experiences for our customers in the future," a Visa spokesperson said in an email to Reuters.

Amazon, on the other hand, has not yet commented.