Amazon (NASDAQ: AMZN) has dropped its pre-announced plans to stop British users from using a Visa (V) credit card on its platform from January 19 onwards, according to CNBC. The Background Following the U.K.’s withdrawal from the European Union (EU) aka Brexit, many payment processor firms like Mastercard (MA) and Visa increased their U.K.-EU interchange fees, after the EU cap on interchange fees ceased to apply in the U.K.   Likewise, in November 2021, Amazon stated that it will no longer accept Visa credit cards issued in Britain from January 19 onwards. The company cited high Visa charges for the processing of credit card transactions for the move.
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