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Motley Fool

Why Visa Stock Dropped Today

Shares of Visa (NYSE: V) fell on Tuesday after Amazon.com (NASDAQ: AMZN) told its customers they would no longer be able to pay with credit cards issued by the payment processing titan in the U.K. beginning next year. As of 3:30 p.m. ET, Visa’s stock price was down more than 5%. Amazon claims that Visa’s recently increased transaction processing fees are leading to higher prices for online shoppers, at a time when inflation already poses a serious threat to the economy.

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