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-   -   Amazon and Visa credit cards (https://www.cableforum.uk/board/showthread.php?t=33710561)

Jaymoss 17-11-2021 13:27
Re: Amazon and Visa credit cards
 
Quote:
Originally Posted by SnoopZ (Post 36101610)
Always best to pay by CC for protection, unless the person can't be trusted using a CC.
I use paypal where possible as raising any issues can easily be started online whereas invoking Section 75 is not as easy and it has to be over £100. Amazon also are pretty easy to deal with also

nffc 17-11-2021 13:29
Re: Amazon and Visa credit cards
 
I think the only time I managed to get a Visa credit card as opposed to a Visa Debit or a Mastercard, the operator swapped it for a Mastercard a few years later.



If your credit rating's fine, it's not too much of a big deal to get a Mastercard instead, either from a new provider or from your existing one, so might be worth contacting them if you're affected...


Or indeed, Amazon offer their own MC :)

Maggy 17-11-2021 13:32
Re: Amazon and Visa credit cards
 
Quote:
Originally Posted by nffc (Post 36101612)
I think the only time I managed to get a Visa credit card as opposed to a Visa Debit or a Mastercard, the operator swapped it for a Mastercard a few years later.



If your credit rating's fine, it's not too much of a big deal to get a Mastercard instead, either from a new provider or from your existing one, so might be worth contacting them if you're affected...


Or indeed, Amazon offer their own MC :)
I did that and then later they changed it without a by your leave for Mastercard.:rolleyes:

Hom3r 17-11-2021 15:31
Re: Amazon and Visa credit cards
 
I had a Goldfish Mastercard Credit Card, that became a Barclays Mastercard Credit Card, then switched to Visa.


I use this predominantly for Amazon, I'll guess I just switch to my Debit Card, then get a Mastercard CC from my bank

Julian 17-11-2021 16:51
Re: Amazon and Visa credit cards
 
American Express - by far the best rewards and accepted in far more places than some time ago. This includes all supermarkets.

Sirius 17-11-2021 17:06
Re: Amazon and Visa credit cards
 
I don't have credit cards as it is to easy to spend what you dont have. Debit cards only in my house so not an issue for me thankfully.

ianch99 17-11-2021 17:28
Re: Amazon and Visa credit cards
 
Think of it as a Brexit bonus!

Quote:
It is understood Amazon is particularly angry at a rise in so-called interchange fees - additional cross-border costs - which it believes have risen five-fold since Brexit

Jaymoss 17-11-2021 17:37
Re: Amazon and Visa credit cards
 
I can not blame Amazon. If Visa are not playing the game then stuff them

Sirius 17-11-2021 20:08
Re: Amazon and Visa credit cards
 
Quote:
Originally Posted by Jaymoss (Post 36101655)
I can not blame Amazon. If Visa are not playing the game then stuff them
Agreed. I am blaming Visa not Amazon.

Chris 17-11-2021 21:55
Re: Amazon and Visa credit cards
 
Quote:
Originally Posted by ianch99 (Post 36101650)
Think of it as a Brexit bonus!
No thanks.

Quote:
Amazon and Visa said any changes in fees had nothing to do with Brexit.
https://www.bbc.co.uk/news/business-59306200

iadom 17-11-2021 22:06
Re: Amazon and Visa credit cards
 
Quote:
Originally Posted by Sirius (Post 36101694)
Agreed. I am blaming Visa not Amazon.
Perhaps Visa think that someone who avoids (fiddles) their tax affairs to the extent that Amazon do can afford the tiny increases.;)

Jaymoss 17-11-2021 22:08
Re: Amazon and Visa credit cards
 
Quote:
Originally Posted by iadom (Post 36101716)
Perhaps Visa think that someone who avoids (fiddles) their tax affairs to the extent that Amazon do can afford the tiny increases.;)
but their charges are to all retailers so I can see this becoming more widespread

Maggy 17-11-2021 22:31
Re: Amazon and Visa credit cards
 
Quote:
Originally Posted by iadom (Post 36101608)
That’s fine if you always have a decent balance in your current account. When you are on a reduced, fixed income as most people of pensionable age are it is not always as easy. Especially at certain times of the year such as Christmas.
Using my debit card at these times helps me to smooth out my expenditure. You also get extra protection for your purchases via credit card.
I suspect some sort of ‘agreement’ may be arrived at before Jan 19th.
:tu:

Hugh 17-11-2021 22:39
Re: Amazon and Visa credit cards
 
Quote:
Originally Posted by ianch99 (Post 36101650)
Think of it as a Brexit bonus!
Quote:
Originally Posted by Chris (Post 36101714)
https://www.standard.co.uk/business/...s-b966737.html
Quote:
The EU introduced regulation in 2015 that capped interchange fees in the bloc at 0.2% for debit card transactions and 0.3% for credit cards. The EU said at the time that the move would save consumers an estimated €6 billion in “hidden fees”.

Britain’s exit from the EU means operators were no longer bound by these rules. The Financial Times reported earlier this year that Visa planned to increase its cross border interchange fees from 0.3% to 1.5%.
https://brc.org.uk/news/corporate-af...illion-a-year/
Quote:
With the UK exiting the EU, retailers are seeing that transactions between the EEA and the UK are no longer capped at the intra-regional rate, instead classed as inter-regional transactions. This has allowed major card brands to raise interchange fees on some online or “card not present” transactions by up to 475%. Furthermore, some card brands have increased their ‘interchange fee’ on all cross-border transactions between the UK and EEA.

Example changes to Interchange Fees from major Card Schemes
………………Previous……….Now……….Change
Credit Card….0.3%………1.5%……..+400%
Debit Card…..0.2%………1.15%……+475%

Chris 17-11-2021 22:47
Re: Amazon and Visa credit cards
 
And yet both Amazon and Visa have said Brexit isn’t the issue, and nothing you have posted here shows that it is.

Perhaps the following two paragraphs of the BBC article will clarify:

Quote:
Both Visa and its rival Mastercard have raised the so-called interchange fee on cross-border transactions between businesses in the UK and the European Union following Brexit.
The dispute between Amazon and Visa is to do with the fees the credit card company charges Amazon for its services in the UK.
So, again, I’m not blaming Brexit because both parties in the dispute say they aren’t doing so; because the dispute is over domestic transaction charges within the UK and nothing to do with cross-border interchange fees; and because Mastercard is not involved in the dispute. Both have raised interchange rates yet only Visa is in view here (again, because the stated dispute is over domestic charges).

Though I suspect those with an ideological need to blame Brexit for everything will likely continue to do so regardless of the evidence.


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