Amazon said it will reverse its plan to stop accepting UK-issued Visa credit cards later this month after a row over high payment fees.
The Seattle-based company sent an email on Monday to UK customers to say that it would not go ahead with the move, which was scheduled to come into effect on Wednesday.
"The expected change regarding the use of Visa credit cards on Amazon.co.uk will no longer take place on January 19," the company said.
"We are working closely with Visa on a potential solution that will enable customers to continue using their Visa credit cards on Amazon."
Amazon had previously indicated that the high fees charged by Visa in the UK were an "obstacle" to its business. Costs had continued to rise despite technology advancements elsewhere in the online payment industry, the company said.
Along with Mastercard, the payments company sets the rates that merchants pay in swipe fees. While banks that issue cards reap the bulk of that fee, Visa has long faced criticism from merchants over rising costs.
The proposed ban by Amazon, first revealed in November, caused Visa's shares to drop and led executives at the payments company to accuse Amazon of punishing consumers.
Visa last year said it was "very disappointed" with the threat to stop accepting its cards, claiming that the move would restrict consumer choice.
Killing of Qassem Suleimani
LA LIGA FIXTURES
Friday Celta Vigo v Villarreal (midnight kick-off UAE)
Saturday Sevilla v Real Sociedad (4pm), Atletico Madrid v Athletic Bilbao (7.15pm), Granada v Barcelona (9.30pm), Osasuna v Real Madrid (midnight)
Sunday Levante v Eibar (4pm), Cadiz v Alaves (7.15pm), Elche v Getafe (9.30pm), Real Valladolid v Valencia (midnight)
Monday Huesca v Real Betis (midnight)
Killing of Qassem Suleimani
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
Mohammed bin Zayed Majlis
Killing of Qassem Suleimani
Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
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The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
