The spat between retail juggernaut Amazon and card giant Visa over credit card fees levied in the U.K. may have ramifications for rival credit card companies such as Mastercard, American Express, and Discover, according to analysts.
At issue in the Amazon-Visa dispute are interchange fees, also known as ‘swipe fee,’ which merchants pay to banks every time a consumer makes a purchase through a credit or a debit card. The fees are set by Visa and the other credit card issuers. They have been controversial for years.
