The spate between Amazon and Visa over the latter’s high fees has come to an end. Amazon will accept Visa credit cards across all of its sites, after the two reached a global agreement.

Amazon threatened to stop accepting Visa credit cards in the UK due to the processing fees Visa charged customers. Similar charges were also being charged in Australia.

As of today, Visa will waive all fees in Australia.

“We’ve recently reached a global agreement with Visa that allows all customers to continue using their Visa credit cards in our stores,” an Amazon spokesperson confirmed.

“This agreement includes the acceptance of Visa at all Amazon stores and sites today, as well as a joint commitment to collaboration on new product and technology initiatives to ensure innovative payment experiences for our customers in the future,” Visa added.

The situation arose last October when Visa implemented a 1.5 per cent transaction charge for credit card payments made between the UK and Europe. The European Union cap on fees no longer applied to UK merchants following Brexit.

Amazon bristled, calling the fee “an obstacle” to its ability to provide the lowest prices for its customers, and moved to ban Visa credit cards in the UK.

Visa argued this decision would work against the customer, saying: “When consumer choice is limited, nobody wins.”