Amazon to stop accepting Visa credit cards in UK

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Amazon to stop accepting Visa credit cards in UK

Post by expressman33 » Wed Nov 17 2021 10:10am

https://www.bbc.co.uk/news/business-59306200

I'd rather pay a few £ more to get section 75 protection
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Re: Amazon to stop accepting Visa credit cards in UK

Post by blythburgh » Wed Nov 17 2021 10:18am

Get a Natwest Reward CC and be like me and get 0.5p for every pound spent on the card.

And use Amazon Smile to support for a large, small or tiny charity (your choice from a huge list) to give them 0.5p for every pound you spend at Amazon
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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Re: Amazon to stop accepting Visa credit cards in UK

Post by Richard Frost » Wed Nov 17 2021 10:20am

previously posted here viewtopic.php?f=5&t=90371 by macliam.
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Re: Amazon to stop accepting Visa credit cards in UK

Post by expressman33 » Wed Nov 17 2021 11:11am

Richard Frost wrote:
Wed Nov 17 2021 10:20am
previously posted here viewtopic.php?f=5&t=90371 by macliam.
You should have put that on macliams's post

Post by macliam » Wed Nov 17, 2021 10:16 am

by expressman33 » Wed Nov 17, 2021 10:10 am
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Re: Amazon to stop accepting Visa credit cards in UK

Post by macliam » Wed Nov 17 2021 11:59am

I was fannying around to get a print of the letter received!

Shame you can't combine posts.....
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Re: Amazon to stop accepting Visa credit cards in UK

Post by expressman33 » Thu Nov 18 2021 2:01pm

Mastercard, too, has increased its interchange fees. However, Visa is a far larger card issuer in the United Kingdom and the decision will likely impact millions of customers. https://www.zdnet.com/article/amazon-bl ... rds-in-uk/
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Re: Amazon to stop accepting Visa credit cards in UK

Post by planteria » Thu Nov 18 2021 4:13pm

it's an interesting one.. some seem to believe that it's Amazon playing hard with Visa, and in effect their competitors too, to get a better deal.
it's oft said that American Express are the provider unpopular with retailers, so it's interesting that this has developed the way it has so far.
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Re: Amazon to stop accepting Visa credit cards in UK

Post by Sarah » Fri Nov 19 2021 4:22am

Yes but perhaps they tolerate high fees from Amex because of the low volume? The huge increase by VISA presumably hits them harder overall. It's reportedly from 0.3% to 1.5% according to the Financial Times.

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Re: Amazon to stop accepting Visa credit cards in UK

Post by pabenny » Fri Nov 19 2021 8:37am

When you order from amazon.co.uk, you're actually buying from Amazon Luxembourg. UK<->EU card fees are not covered by the cap on fees.

So yes, this is partly a consequence of Brexit. But much more about amazon's tax minimisation strategy.
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Re: Amazon to stop accepting Visa credit cards in UK

Post by macliam » Fri Nov 19 2021 11:56am

pabenny wrote:
Fri Nov 19 2021 8:37am
When you order from amazon.co.uk, you're actually buying from Amazon Luxembourg. UK<->EU card fees are not covered by the cap on fees.

So yes, this is partly a consequence of Brexit. But much more about amazon's tax minimisation strategy.
Nah, both. Amazon did what they did before Brexit. Right or wrong, it's a different story.

VISA took the opportunity afforded by Brexit to impose a massive price hike - and that's the real story.

The fact that UK rules have allowed them to do this is the underlying issue - why had this "beneficial" EU rule been dropped, without discussion? How many others are waiting to come to light?
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