Re: Amazon and Visa credit cards
 

So the fact that both companies couldn’t raise their fees before, but now can (and have) raised their fees, is irrelevant?

If they couldn’t have raised their fees, this dispute (probably) wouldn’t be happening…

From sky news

https://news.sky.com/story/amazon-to...cards-12470641

Re: Amazon and Visa credit cards
 

Yet they state that their dispute is over domestic fees, not the cross-border interchange fees that were regulated by the EU.

I’m guessing you might have missed the subtly different attribution of sources in the BBC and Sky articles: the BBC attributes its “this is not about Brexit” directly to Amazon and Visa. The Sky article uses the somewhat weasely “it is understood” which is not attributed to anyone on the record at all.

Given that the Sky article was posted at 4pm and the BBC article followed two hours later, it’s highly likely - actually an absolute certainty, given the unequivocal nature of the statement - that the BBC reporter has directly asked both Amazon and Visa to clarify that point. That unequivocal denial that Brexit is responsible, following on from unattributed speculation that it might be, really ought to settle the matter.

Re: Amazon and Visa credit cards
 

Oh dear, you really think the BBC will give an impartial perspective? Here are a few more for you:

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

https://www.itv.com/news/2021-11-17/...s-from-january

https://fortune.com/2021/11/17/amazo...s-fee-dispute/

You are desperate to believe that reality is not what is seems. Sorry to break the bad news.

Re: Amazon and Visa credit cards
 

Exactly, and neither is it "Brexit".
Just becasue that means they can, doesnt mean they must, its still a Visa decision.

As do I - I've had one for quite a while now.

Not exactly.

You get 3 points per £2 spent on Amazon if you have Prime.
You get 1.5 points per £2 spent on Amazon if you dont have Prime.
You get 0.5 points per £2 when you use it elsewhere.

You get a £10 voucher credited to your amazon account for every 1000 points.

Re: Amazon and Visa credit cards
 

Opening your comments by dismissing a BBC report as biased as if such a thing is a given hardly makes you sound credible. Nor is your continuing to conflate two completely different sorts of charge, despite them being set out in black and white. As I said …. those who need to believe Brexit’s to blame will continue to do so despite the evidence. Though I have to admit even I’m surprised by the level of wilful blindness on show here.

Re: Amazon and Visa credit cards
 

I wonder if this pays more than a Tesco CC.

Re: Amazon and Visa credit cards
 

Looking at their site ;

You get one extra point per £4 for spending in Tesco & 1 point per £8 elsewhere.
Thats 0.5 points per £2 instore, and 0.25 per £2 elsewhere.

In the case of both Amazon & Tesco, 1 point is worth 1p
So basically, the Amazon rewards for using their card appear to be worth double (or more) those of Tesco.

Re: Amazon and Visa credit cards
 

I'm probably better off keeping my Tesco CC which pays for my RAC cover in their deals but I will look into it more.

Re: Amazon and Visa credit cards
 

The amazon card is worth having just to get the Gift Card bonus for signing up. Catch it right and it is £40 then you can catch vouchers for adding it as default payment (you can change back after if you want) then you wait till there is a voucher to use Mastercard the first time if you have just used visa or visa debit before. Had all that free money hahahaha

Re: Amazon and Visa credit cards
 

If you think that the BBC is reporting Brexit accurately then you need to look again.

Martin Lewis says:

Here's the tricky decision: do we believe Martin Lewis or Chris from CF? :)

As this trainwreck gets worse, and it will, your highly entertaining attempts to deny reality will get more tortuous.

Re: Amazon and Visa credit cards
 

Wrong. Do we believe Martin Lewis speculating, or a BBC reporter who has asked both parties directly and received a consistent answer from both?

It’s simple really.

Re: Amazon and Visa credit cards
 

Martin Lewis definitely

The BBC are totally untrustworthy biased and as bad as the Daily Mail.

Both Amazon and Visa will spin also and tbh it would not really be a surprise if Amazon was doing it to try and get a better deal

Re: Amazon and Visa credit cards
 

It adds up quite a lot, I get vouchers credited most months with buying more online, all for just buying what you'd normally do.

---------- Post added at 12:05 ---------- Previous post was at 11:59 ----------

Well, who knows really?


To be honest I wouldn't trust any of them. If Visa is taking advantage of a cap on fees which doesn't apply now the UK is no longer an EU member, and is increasing the fees past this amount, then that is an effect of Brexit whether direct or not as without Brexit they wouldn't have been able to increase the fees to that amount.


Whether Amazon then decided to call out Visa for their fees (I think MC have done the same thing though...) and block the cards isn't anything to do with Brexit, even though Brexit might have caused the increase in fees to begin with.



The BBC reporter may have been in full knowledge of the underlying picture but might have been under orders not to blame too much on Brexit or Covid due to the recent things which have reported as such and causes mass panic, for example, and Martin Lewis might just be basically making an educated guess. We don't know who actually knows what or who has been told what they should or shouldn't be saying.



I do - thinking about this a bit more - wonder if this is just a subtle method to push their own card (which I've had for years and is definitely worth having) by basically saying, we're stopping VC, but you can sign up for our MC here...

Re: Amazon and Visa credit cards
 

Since the EU cap on domestic card transactions in the UK of 0.2%/0.3% has remained in place post Brexit how can the dispute be a Brexit issue?

LINK

It's also worth noting that both Visa and Mastercard have increased their Interchange fees to the same levels on UK customers buying from the EEA.

However only Visa have introduced the same fees for EU cards buying from UK outlets.

LINK

It appears therefore that Amazon are baulking at Visa increasing their domestic fees from a previous discounted level to higher one that still must be less than the cap.

This is a business decision by Visa which they will have to seriously reconsider I suspect.

There is no love lost between Amazon and Visa with Amazon imposing a customer surcharge on Visa transactions in both Australia and Singapore.

Amazon are also reconsidering their partnership with Visa on their in-house credit card in America.

Re: Amazon and Visa credit cards
 

Because when you buy from Amazon UK you are actually paying a company in Luxembourg.