Amazon (AMZN) & U.K. Visa (V) Transaction Fees

<p>Amazon (AMZN) said it will no longer accept U.K-based Visa (V) cards due to high transaction fees. Visa stock was down over 4% today. Argus Research's Stephen Biggar says that they have a buy rating on the Visa (V) stock with a $270 price target. Visa's response was that it would work to resolve the issue with Amazon. What are some of the reasons behind the sell-off in payment stocks? For instance, PayPal (PYPL) is down over 11% this month. </p><p><br></p>