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Amazon Reaches Global Deal to Accept Visa Credit CardsAmazon Reaches Global Deal to Accept Visa Credit CardsSaigol, Lina.Barron's (Online); New York Amazon will continue to accept Visa credit-card payments across all its websites and stores, after the two companies reached a global agreement. Late last year, Amazon (ticker: AMZN) said that from Jan. 19 it would stop accepting Visa (ticker: V) credit cards issued in the U.K. because of the high fees Visa charged to process payments. Amazon said in January that it had postponed the U.K. ban while the two companies worked to resolve the dispute. "We've recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores. Amazon remains committed to offering customers a payment experience that is convenient and offers choice." Amazon said in an emailed statement Thursday. Amazon will also no longer charge an extra fee to customers who use Visa cards on its site in Singapore and Australia. Visa said it was "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," Visa said in an emailed statement. |
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