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