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Press Release
Published September 13, 2021
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Amazon extends surcharge on Visa transactions to include Australia

Date: September 13, 2021
Categories: Financial Technology
Keywords:


Amazon informed its Australian customers on 1 September that a 0.5% surcharge will be imposed on Visa transactions in the country starting 1 November. To encourage customers to make the switch, Amazon is rewarding customers a AUD 20 ($14.7) gift card if they add an alternative to Visa to their default payment method. A similar move was made by Amazon in Singapore in August to encourage customers to switch from Visa. This comes as a result of Visa's continued high cost of payments.

 

News source: Payments Dive and ZDNet

Keywords:


Amazon informed its Australian customers on 1 September that a 0.5% surcharge will be imposed on Visa transactions in the country starting 1 November. To encourage customers to make the switch, Amazon is rewarding customers a AUD 20 ($14.7) gift card if they add an alternative to Visa to their default payment method. A similar move was made by Amazon in Singapore in August to encourage customers to switch from Visa. This comes as a result of Visa's continued high cost of payments.

 

News source: Payments Dive and ZDNet

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