Amazon to Stop Accepting United Kingdom Visa Cards

The online retailer said costs should be going down over time due to advances in technology, “but instead they continue to stay high or even rise”. Amazon will stop accepting Visa credit cards in the UK from 19 January, the online retail giant has told customers. Amazon says Visa’s fees are excessive, and an obstacle to low prices for consumers. Visa says its fees are competitive, has minimal effect on prices, and that nobody wins when choice is restricted. Visa said in a statement it was “very disappointed that Amazon is threatening to restrict consumer choice in the future. When consumer choice is limited, nobody wins.” Do you think, the two giants need to negotiate ?