The Payment Systems Regulator said UK firms paid up to an extra £200 million last year alone after rises in fees.

The Payment Systems Regulator (PSR) has zeroed in on escalating cross-border interchange fees levied by major card operators Mastercard and Visa, proposing a cap on these fees to protect UK businesses from unfair charges.

The cost of using your card online to buy a shipment from France has soared fivefold since Brexit.

As a result of the UK leaving the EU, major card networks now consider transactions between the UK and European Economic Area (EEA) to be cross-border. Stripe will be making some changes to fees between Europe and the UK to reflect this, starting on the 1st of July 2022.

The costs of the UK's exit from the European Union are mounting by the day...

The French bank Crédit Agricole has introduced a €5 charge for withdrawals made with UK-issued credit and debit cards.

The UK financial regulator had already warned that cash machine withdrawals could become more expensive for UK cardholders in Europe after the transition period.

Finally – a Visa-free aspect to Brexit. At least that’s what the deluded Dominic Raab is likely to tell you...

Online shopping giant Amazon sent shockwaves through the British payments community on Wednesday November 17 by announcing that Visa credit card payments will not be accepted by its platform after Wednesday January 19.

Amazon says UK customers will not be able to pay for goods using a Visa credit card from January, blaming a "high cost of payments".

Visa raised fees in the UK after the country's split from the European Union.

Money expert Martin Lewis has laid out how Brexit has led to Amazon no longer accepting Visa Credit cards on its site from January.

Amazon will stop accepting Visa credit cards issued in the UK from next year because of the high transaction fees charged by the payment processor, the ecommerce giant said on Wednesday.

ONLINE giant Amazon is to stop accepting Visa credit cards issued in the UK as transaction fees have skyrocketed post-Brexit.

New rules after Brexit have increased credit and debit card costs by 150 million pounds ($200 million) a year, with both U.K. and European retailers losing out.

The payments giant Visa is to hike fees for purchases made by UK-based customers from most of Europe – stoking fears of higher prices and fuelling the argument that Brexit is adding to the cost of trading with the EU.