Amazon has reached a worldwide deal with Visa to continue accepting payments from its credit cards through its stores, ending a tense, months-long stand off over rising transaction fees.
“We’ve recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores,” the company said in a statement on Wednesday evening, but declined to share any specifics on the deal.
The surcharge applied to the use of Visa credit cards on Amazon’s Australian and Singaporean sites will be lifted as of Thursday, while Amazon’s threat to block Visa credit card payments on its UK store has been dropped, the company confirmed to the FT.
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