Re: Amazon and Visa credit cards
 

Amazon says UK customers will not be able to pay for goods using a Visa credit card from January, blaming a "high cost of payments".

The online retail powerhouse emailed customers on Wednesday morning to confirm the move would take effect from 19 January and clarified that no other credit cards, or Visa debit cards, would be included in the ban.


I'm glad my Credit Card is a Master Card, will have to check what my Revolut is, my bank is also converting their debit cards from Visa to MasterCard.

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

Re: Amazon and Visa credit cards
 

I got the Amazon Mastercard for the points so I am sorted haha

Amazon to block Visa credit cards.
 

Just got the email this morning, I am seriously considering closing my account after January, how about you?

Re: Amazon and Visa credit cards
 

Do you only get points for using it on Amazon?

Re: Amazon and Visa credit cards
 

Re: Amazon and Visa credit cards
 

As one of the original 2003 gang I do try to be good, did have a look around but missed the first thread. I do humbly apologise and will go and sit on the naughty step.:D

Re: Amazon and Visa credit cards
 

You didn't merge correctly so the first posts to the topic have gone! So this thread makes no sense.

Re: Amazon and Visa credit cards
 

We use Visa debit cards so we will be alright when the change comes.

Re: Amazon and Visa credit cards
 

No you get 3 points for every £2 on amazon and 1.5 points elsewhere

Re: Amazon and Visa credit cards
 

Re: Amazon and Visa credit cards
 

Tafs topic starter post explaining that Amazon are stopping using Visa Credit cards and his quote.

Re: Amazon and Visa credit cards
 

Re: Amazon and Visa credit cards
 

I've edited the first post so this thread makes sense now.

Re: Amazon and Visa credit cards
 

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.

Re: Amazon and Visa credit cards
 

Always best to pay by CC for protection, unless the person can't be trusted using a CC.

Re: Amazon and Visa credit cards
 

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

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 :)

Re: Amazon and Visa credit cards
 

I did that and then later they changed it without a by your leave for Mastercard.:rolleyes:

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

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.

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.

Re: Amazon and Visa credit cards
 

Think of it as a Brexit bonus!

Re: Amazon and Visa credit cards
 

I can not blame Amazon. If Visa are not playing the game then stuff them

Re: Amazon and Visa credit cards
 

Agreed. I am blaming Visa not Amazon.

Re: Amazon and Visa credit cards
 

No thanks.

https://www.bbc.co.uk/news/business-59306200

Re: Amazon and Visa credit cards
 

Perhaps Visa think that someone who avoids (fiddles) their tax affairs to the extent that Amazon do can afford the tiny increases.;)

Re: Amazon and Visa credit cards
 

but their charges are to all retailers so I can see this becoming more widespread

Re: Amazon and Visa credit cards
 

:tu:

Re: Amazon and Visa credit cards
 

https://www.standard.co.uk/business/...s-b966737.html https://brc.org.uk/news/corporate-af...illion-a-year/

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:

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.

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.

Re: Amazon and Visa credit cards
 

Oh ..

Visa set to raise fees after removal of EU cap post-Brexit

Re: Amazon and Visa credit cards
 

And the cost of those transactions is the same with both Mastercard and Visa so why is it only Visa that is an issue?

Re: Amazon and Visa credit cards
 

And yet, this dispute hinges on domestic fees, not cross-border ones. The interchange cap is irrelevant.

And

https://www.bbc.co.uk/news/business-59306200



---------- Post added at 15:47 ---------- Previous post was at 15:45 ----------

You are buying from a subsidiary of Amazon headquartered in Luxembourg, but Sterling transactions within the UK are processed within the UK and are subject to credit card company domestic charges. As above, they are unaffected by post-Brexit changes in the cross-border interchange rate.

Re: Amazon and Visa credit cards
 

We should all show Amazon and old Jeff some sympathy, things are probably a bit tight for him these days.

Re: Amazon and Visa credit cards
 

Agreed :tu:

Re: Amazon and Visa credit cards
 

Its not a brexit issue at all, all that did is remove a limit.
This is Visa deciding to rake in yet more money, brexit is not forcing them to do this at all.
Visa made $21.8 Billion profit in 2020, so clearly they are in need of more money :rolleyes: