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		</div><p>Visa and Amazon have announced an agreement that will allow customers to use Visa cards on Amazon sites worldwide without additional fees.</p>
<p>The companies also agreed to collaborate on product and technology initiatives for “innovative payment experiences”, Visa said on Thursday.</p>
<p>Credit card fees have been a growing source of tension between Amazon and Visa.</p>
<p>Last year, Amazon started charging customers in Australia and Singapore who use Visa credit cards a 0.5% surcharge.</p>
<p>Under the agreement, Amazon’s amazon.co.uk site in Britain will no longer turn off Visa credit cards. Customers in Australia and Singapore will no longer pay the surcharge for using Visa.</p>
<p>Last month, Amazon’s British website backed away from plans to stop accepting Visa credit cards issued in the UK, saying the two sides were talking.</p>
<p>Amazon had announced the move in November, blaming “the high fees Visa charges for processing credit card transactions”.</p>
<p>Any credit card transaction involves various fees, such as an “interchange fee” that the shopper’s bank pays to the retailer’s bank and other costs like service and technology charges.</p>
<p>It was not clear which fee was the focus of the UK dispute.</p>
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