Now no extra charge will be levied on the use of Visa card on Amazon, companies announced agreement

Visa and Amazon.com on Thursday announced an agreement under which customers will be able to use Visa cards on Amazon’s websites around the world at no extra charge.

Visa and Amazon.com have announced an agreement on Thursday.

Visa (Visa) and amazon (Amazon) Dotcom on Thursday announced an agreement under which customers will be able to use Visa cards on Amazon’s websites around the world at no extra charge. Visa said in an email that the two companies would develop products and technology for the new payment experience. (Technology) have also agreed to cooperate on the initiative. Let me tell you that the credit card (Credit Card) There has been tension between Amazon and Visa over the fees. Last year, Amazon started charging a 0.5 percent surcharge for customers in Australia and Singapore who use Visa credit cards.

Under the agreement, Amazon’s Amazon.UK site in the UK will no longer reject Visa credit cards. Customers in Australia and Singapore will no longer pay a surcharge for using Visa.

There was a record jump in the value of Amazon

Let us tell you that at the beginning of February, the value of Amazon has seen the biggest increase in a single day in the history of the stock market. A day earlier, Facebook-owned Meta Platforms suffered the biggest loss in value in the history of the stock market. According to a Reuters report, shares of the online retail and cloud computing giant had seen a rise of 13.5 percent on Friday. The reason for this was the company’s excellent performance in the quarter.

This had increased its market capitalization by about $190 billion by the end of trading. Earlier this record was in the name of Apple Inc. The company had a record increase of $ 181 billion in a single day in the value of the stock market. Behind this was the best quarterly result of the iPhone maker.

Brian White, analyst at Monness Crespi Hardt, wrote in a research report that after battling post-lockdown problems in 2021, he believes Amazon’s valuation has the potential to improve, with the year 2022 seeing an increase. could. He said that Amazon can come out of this crisis, because the company is one of the biggest beneficiaries of the accelerated digital transformation.

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