The Core

Why We Are Here => Marketplaces => Topic started by: Chunkford on November 17, 2021, 12:13:19 PM

Title: Amazon UK to stop accepting Visa credit cards
Post by: Chunkford on November 17, 2021, 12:13:19 PM
Just had this in my inbox
(https://i.ibb.co/1ngLXQC/2021-11-17-12-10.png) (https://ibb.co/dcTrpMN)

If it was any other company it probably wouldn't make a difference but that's got to be a big chunk of Visa's transactions
Title: Re: Amazon UK to stop accepting Visa credit cards
Post by: rcjordan on November 17, 2021, 02:46:30 PM
It's Boris' fault:
"The issue relates to Visa increasing its credit fees after Brexit. The EU enforces a cap on fees charged by card issuers, which is no longer in place in the UK."


Amazon customers blocked from using Visa credit cards
https://www.telegraph.co.uk/personal-banking/credit-cards/amazon-ban-payments-visa-credit-cards-next-year/
Title: Re: Amazon UK to stop accepting Visa credit cards
Post by: ergophobe on November 17, 2021, 03:39:42 PM
Honestly, it hurts when you get a $1500 reservation from the UK and you lose 4-5% because they put it on their UK card.
Title: Re: Amazon UK to stop accepting Visa credit cards
Post by: rcjordan on November 18, 2021, 07:34:10 PM
This too shall pass...

Visa Dives 4.7% After Big Move From Amazon
https://www.newser.com/story/313512/47-drop-for-visa-weighs-down-sp-500.html