Gary Hart's Stalker
Active member
Blaming Visa's high transaction fees although Visa Debit cards will still be accepted.
https://www.bbc.co.uk/news/business-59306200
https://www.bbc.co.uk/news/business-59306200
Got something to say or just want fewer pesky ads? Join us... 😊
[News] Amazon to Stop Accepting UK Issued Visa Credit Cards from January
- Thread starter Gary Hart's Stalker
- Start date
Interesting move, considering Amex is always the one perceived to have the highest fees!
dejavuatbtn
Well-known member
….. and accepting other types of credit card. All a bit of a pain in the arse. I always tend to buy stuff by credit card to get a bit of consumer protection. As they have a bit of a monopoly these days I hope that the powers that be can rein them in.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,303
in next weeks news, Visa and Amazon agree a new high volume fee schedule.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,303
tbf in case of Amazon, they are the consumer protection. have a problem and they'll refund or replace without question.
This - muscle-flexing to reduce rates. No way Visa will let them drop.
B-right-on
Living the dream
This is my first thought. Amazon holding Visa to ransom. Conversations I guess have happened but Visa didn't give enough (or any) ground on their fees so let's up the ante.
Typical Bezos. There's never enough money for me.
maffew
Well-known member
Amazon holding visa to ransom to make yet more profit, blaming brexit in the mean time. I really cant see them not agreeing a deal. They must do a hugely significant sum of their trade on Visa credit. This wont happen
B-right-on
Living the dream
Agree. I've bought probably hundreds of things on Amazon and the half dozen I've had issues with have all been dealt with to my satisfaction (refund or replacement} with payment on a debit card.
Bit inconvenient, I tend to use my Visa credit card for most purchases each month then settle in full when billed, as previously pointed out, mainly for extra consumer protection. This protection must come at a cost hence Visa being a more expensive player in the credit card business. Hope they are able to reach some sort of compromise as I don't wish to use my debit card for online purchases.
The Chargeback scheme probably covers you anyway (check with your card issuer to be sure)
https://www.money.co.uk/guides/chargeback-claims-how-to-get-your-money-back.htm
mikeyjh
Well-known member
Amex will still be charging higher fees, they just won't have anything like the volume that Visa has....
Badger Boy
Mr Badger
- Jan 28, 2016
- 3,655
METALMICKY
Well-known member
- Jan 30, 2004
- 6,059
Can't see Visa letting this in and a deal will be struck. As a previous poster has suggested it's Amazon flexing muscle.
That's a bit historic isn't it ? Amex acceptance has been increasing as the fee differential has all but disappeared (particularly in the US but becoming more widespread)
Thanks for that link and information Dazzer, I had not heard of that additional protection offered by debit card issuers, good point well made. Thank you.
surrey jim
Not in Surrey
Mostly a blow to Barclaycard / HSBC issued as majority of Visa's UK portfolio is Debit.
Ref to Amex, they issue a co-brand card with Amazon so cannot see Amazon suppressing Amex cards.
Ref to Amex, they issue a co-brand card with Amazon so cannot see Amazon suppressing Amex cards.
mikeyjh
Well-known member
Marshy
Well-known member
the push for crypto continues 
I don't think so. I imagine the tech changes needed to reverse this decision can't be put back into place by 16th Jan even if Visa back down now.
I think for Amazon to have gone public in such a structured way, telling their customers and the press directly, they will have been negotiating for a good while and drawn a blank. I think this is a bigger strategic play to try and force all schemes to reduce fees when they next come to the negotiating table so they will have to go through with it at least for a year or so.