The financial world continues to flip upside down as Visa has become the latest victim of Amazon as they have stopped accepting payments from them due to their fees being too high. With access to buy now, pay later, their own Mastercard and hundreds of other methods, it was very easy for Amazon to pull this plug and to leave Visa stockholders and investors feeling the pain.

A 4.7% hit is not something to generally write about but this is after Visa has fallen already from highs of $252 all the way down to $205 in recent months. A company which shows bullish growth over the past 5 years have essentially just faced their biggest pullback of 20%.

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Holding above $200 the stock may bounce back from this but with crypto wallets, PayPal and other credit supply competitors we may even see a covid-esque pullback of down to $150 which would be great for all the short sellers out there.

Visa, have yet to make big moves into the future and stand by their credit card, interest rates and fees that they charge retailers. It will need someone to come in and shake this company into this decade before we see any big growth.