Visa Inc. (V)

$ 271.17
   
  • Change Today:
    $0.51
  • 52 Week High: $290.37
  • 52 Week Low: $226.30
  • Currency: US Dollars
  • Shares Issued: 2,003.34m
  • Volume: 9,258,113
  • Market Cap: $543,246m
  • RiskGrade: 123

Amazon, Visa agree truce in payment fees battle

By Frank Prenesti

Date: Thursday 17 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Amazon and Visa have ended their battle over transaction fees, with the online retailer agreeing to accept payments via the credit card firm.


"We've recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores," Amazon said on Wednesday.

Amazon last November said it would stop accepting Visa credit cards issued in the UK because of high transaction fees.

The surcharge applied to the use of Visa credit cards on Amazon's Australian and Singaporean sites will be lifted on Thursday, while Amazon has dropped its threat to block Visa payments on its UK store.

A Visa spokesman said the agreement included "a joint commitment to collaboration on new product and technology initiatives to ensure innovative payment experiences for our customers in the future".

An EU-enforced cap on fees charged by card issuers is no longer in place in the UK following Brexit. Last month, British lawmakers said they planned to scrutinise increases in the fees Visa and Mastercard charge businesses after the country's payments regulator found no evidence to justify the rises.

Amazon has recently experimented with alternative payment methods for buying goods on its stores, including "buy now, pay later" facilities.

Tensions between the two companies increased last year as Amazon protested sharp increases to Visa's online transactions fees when it began charging 1.5% of the transaction value for credit card payments made online between the UK and EU, and 1.15% for debit card transactions, up from 0.3% and 0.2% respectively.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Visa Inc. Market Data

Currency US Dollars
Share Price $ 271.17
Change Today $ 0.51
% Change 0.19 %
52 Week High $290.37
52 Week Low $226.30
Volume 9,258,113
Shares Issued 2,003.34m
Market Cap $543,246m
RiskGrade 123

What The Brokers Say

Strong Buy 14
Buy 16
Neutral 8
Sell 0
Strong Sell 0
Total 38
buy
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Trades for 17-Jun-2024

Time Volume / Share Price
15:59 100 @ $271.27
15:59 100 @ $271.27
15:59 100 @ $271.27
15:59 100 @ $271.26
15:59 100 @ $271.26

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