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Thread: No using VISA Credit cards from 2022

  1. #17
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    Re: No using VISA Credit cards from 2022

    So that raises the question, have Mastercard reached a separate agreement with Amazon, or is this part of Amazons bully tactic to get a deal with Visa?

    Someone should sue Amazon, that's the things they seem to like doing at the mo, someone should give them a taste of their own medicine..

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    Re: No using VISA Credit cards from 2022

    https://www.reuters.com/business/ret...ws-2021-11-17/

    A few details here:

    They're going to stop accepting UK-issued Visa credit. Not sure what that might mean for payment services like Revolut or if someone has a foreign issued Visa. - "As a result of Visa's continued high cost of payments, we regret that Amazon.co.uk will no longer accept UK-issued Visa credit cards as of 19 January, 2022,"

    Debit cards are fine - "Amazon customers can still use Visa debit cards, Mastercard and Amex credit cards, and Eurocard, the company said in a note to its customers."

    Is it the cap removal or is it Amazon? Have any other businesses reacted to a change in Visa credit fees - one would have thought this would have come out sooner - "Since Brexit, an EU-enforced cap on fees charged by card issuers is no longer in place in the UK.

    The move by Amazon, earlier reported by Bloomberg News, has prompted the UK Trade Commission to call on the government to improve the UK-EU trade agreement and analysts to call on British regulators to look into the fees in the credit card market.

    "If Amazon can't make it work, with all their resources and ability to navigate legislation to avoid costs, then small businesses have no chance and so the government must improve the UK-EU trade and cooperation agreement to keep British businesses competitive," said Tamara Cincik from UK Trade and Business Commission."
    No trees were harmed in the creation of this message. However, many electrons were displaced and terribly inconvenienced.

  3. #19
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    Re: No using VISA Credit cards from 2022

    I find it funny that they still accept AMEX, I had one for a few years as I was travelling with work and wanted my own card as a backup (Didn't have a company card at the time) just in case the shiz hit the spinny thing, used it once in Mexico and the rest of the time in the UK, oddly on Amazon with no issue, and occasionally at the Coop, but a lot of places didn't accept it because of their high rates..

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    Re: No using VISA Credit cards from 2022

    We do not accept Amex in my bike shop. The rates are crazy
    JABULANI NONKE

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    Re: No using VISA Credit cards from 2022

    Quote Originally Posted by CAT-THE-FIFTH View Post
    But anything over £100 means you are protected by the credit laws somewhat better than a debit card linked to your current account.
    But 99% of my Amazon purchases are under £100! Also most of the items that have been above £100 have been amazon warehouse items. I got a Moto Z as an scratched item at almost half new price. It had a weird boot failure after 18 months and because it was Amazon warehouse I got a full refund! I would use a credit card elsewhere but Amazon is one of those few places its usually not worth it.

    Anyway I'm sure it'll all blow over eventually. Too much money at stake from both parties.
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    Re: No using VISA Credit cards from 2022

    Quote Originally Posted by BobF64 View Post
    I did read that it was only the UK because, for some reason, we aren't maintaining a maximum cap on fees that the EU, when we were still members, had.

    Seems rather like the roaming mobile cap again.

    Don't know if its something we didn't retain, didn't implement, actively got rid of or just not the case.
    Well it can't be due to that because Boris et al said Britons would be no worse off after Brexit so surely they made sure about that and their capture all bill to enshrine EU law into UK legislation would have picked up on all these things. I mean so many people warned of all the potential pitfalls and subtleties that the gov would have had to have been negligent or incompetent to fail to protect the populace against these kind of outcomes. Either that or they deliberately left the option open so companies could enjoy the looser restrictions.

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    Re: No using VISA Credit cards from 2022

    Quote Originally Posted by Nelly. View Post
    In 2015, EU law had capped credit card interchange fees at 0.3%. However, after Brexit, the UK no longer enjoys that ceiling. Visa having increased these charges to 1.5% for Brits.

    MasterCard made an identical fee hike but it hasn’t been blocked by Amazon.

    Article from March 2021 here, regarding Visa set to raise fees after removal of EU cap post-Brexit >> https://www.ft.com/content/4820b619-...3-fc685c047374
    Ah good to know it is our governments fault.

    Unsurprisingly the Amazon credit cards are Mastercard, theyre hardly going to block those are they.

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    Re: No using VISA Credit cards from 2022

    But given Mastercard has made the same increase, and AMEX are known to be high, this seems a way to block Visa specifically, so, what are Amazon getting out of it, or what is their endgame, is it a bargaining attempt, unlikely given the rates others are charging, or, does someone, somewhere at Amazon, have a load of shares in Mastercard and they want to manipulate the market, often, when there's a weird offset someone, somewhere out of view has an angle..

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    Re: No using VISA Credit cards from 2022

    it is likely a pressure thing, and wouldnt surprise me if they have a bespoke deal for their credit cards only.

    Overall, I find it odd that there is a different rate for credit and debit cards, surely the processing cost is the same, by virtue of it all being the same systems underneath?

    And is it bad that Amazon have to actually almost help their customers where others havent?

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    Re: No using VISA Credit cards from 2022

    Quote Originally Posted by BobF64 View Post
    it is likely a pressure thing, and wouldnt surprise me if they have a bespoke deal for their credit cards only.

    Overall, I find it odd that there is a different rate for credit and debit cards, surely the processing cost is the same, by virtue of it all being the same systems underneath?

    And is it bad that Amazon have to actually almost help their customers where others havent?
    Well, part of the cost of crdit cards is pursuing defaulters. Another is writing off bad debts. Yet another is that credit cards make the card company jointly liable for defective products under the Consumer Credit Act. All this type of thing involves costs tht ren't shared by debit card usage.

    Does that account for higher costs? Doubt it. But the differences exist.
    A lesson learned from PeterB about dignity in adversity, so Peter, In Memorium, "Onwards and Upwards".

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    Re: No using VISA Credit cards from 2022

    See, to me, those "additional burdens" belong to the card issuers, ie banks, rather than payment processing networks.

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    Re: No using VISA Credit cards from 2022

    I've started getting a lot of ads to sign up for the Amazon MasterCard even in my basket, literally one banner across the top of every item at checkout. Not interested. Not at all. I'm not liking the pressure sell tactics either. I wonder if that starts to become abuse of position to simultaneously be threatening to refuse visa payments. It almost feels like Amazon have chosen a side and are out to push everyone away from the alternative.

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    Re: No using VISA Credit cards from 2022

    Quote Originally Posted by ik9000 View Post
    I've started getting a lot of ads to sign up for the Amazon MasterCard even in my basket, literally one banner across the top of every item at checkout. Not interested. Not at all. I'm not liking the pressure sell tactics either. I wonder if that starts to become abuse of position to simultaneously be threatening to refuse visa payments. It almost feels like Amazon have chosen a side and are out to push everyone away from the alternative.
    Well, the pushing is working with me .... it pushed me into ordering the £1400 coffee machine that was in my Amazon Cart .... from John Lewis.

    Sadly, I suspect that a large part of the public don't have my mile-wide streak of obstinacy, and will either just cave, or do an "Oh, okay" and not even think about it before switching payment card. I think there must be some donkey or mule, or maybe mountain goat, somewhere in my DNA because getting "pushed" generally results in me plonking my backside down, digging my hooves into the ground, setting my jawline and going "NOPE. NOT DOING THAT". Note - I might have gone a bit far with the poetic licence there - I don't actually have hooves to dig in. But if did, I would have.

    Certainly, Amazon won't give a single hoot about little ol' me buying elsewhere, which is ironic because it's exactly as much as I give a hoot about buying from them. While it suits me, while it is convenient, I will. If it doesn't or isn't, ....

    Quote Originally Posted by Kovoet View Post
    .... Guess ebuyer and Scan will be happy with this, more business for them.
    Indeed it does. My elsewhere basket is already filling up. And of things I'll only buy once, at least, for quite some years. But as I said earlier, and with people like me not being happy about MS changes in Win8, etc, the small number that dig in won't be enough to change minds much, any more than Amazon will .... unless it suits them to do so. They are sufficiently big, that it's like the microbe on the tic, on the pimple, on the tail of the dog trying to steer the dog's course.

    P.S. I need to work on my metaphors. First I was a mule, now a microbe on a .... etc. Maybe it's more like a golden dragon trying to change a planet's orbit? Gimme time, I'll think of something.
    A lesson learned from PeterB about dignity in adversity, so Peter, In Memorium, "Onwards and Upwards".

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    Re: No using VISA Credit cards from 2022

    Quote Originally Posted by Saracen999 View Post
    P.S. I need to work on my metaphors. First I was a mule, now a microbe on a .... etc. Maybe it's more like a golden dragon trying to change a planet's orbit? Gimme time, I'll think of something.

    Do we really need to be adding coffee to this one, can we up his meds a touch?

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    Re: No using VISA Credit cards from 2022

    No, you can't. They're a witch's brew already. Oh, witches, that remins me, did you know ....

    /wanders off, muttering into beard
    A lesson learned from PeterB about dignity in adversity, so Peter, In Memorium, "Onwards and Upwards".

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    Re: No using VISA Credit cards from 2022

    Quote Originally Posted by Saracen999 View Post
    No, you can't. They're a witch's brew already. Oh, witches, that remins me, did you know ....

    /wanders off, muttering into beard
    Don't worry there's a special hat to deal with that threat:


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