woodenhead Posted November 17, 2021 Share Posted November 17, 2021 Wow, this is a massive restriction on credit cards from Amazon, interesting the Amazon credit card is a Mastercard. One behemoth up against another, who will tough it out, it's a big loss to Visa, does Amazon feel enough of it's customers have Mastercard credit cards in their pockets as well as Visa to mean no impact on their sales? https://www.bbc.co.uk/news/business-59306200 2 2 Link to post Share on other sites More sharing options...
Mike Buckner Posted November 17, 2021 Share Posted November 17, 2021 Amazon are not the only company to refuse Visa on the grounds of excessive fees. Several retailers have done so, for example Walmart. Probably Amazon do expect to impact on their sales. There will be some saving to Amazon, as customers (like me) will switch from Visa but continue with Amazon - so Amazon pay less fees. No doubt, Amazon will offer a range of credit options. 1 Link to post Share on other sites More sharing options...
spikey Posted November 17, 2021 Share Posted November 17, 2021 Well at least we now know why Amazon is/was offering everybody £40 to have one of their Mastercard credit cards ... 3 Link to post Share on other sites More sharing options...
RMweb Premium Popular Post J. S. Bach Posted November 17, 2021 RMweb Premium Popular Post Share Posted November 17, 2021 Wouldn't bother me, I would just stop using Amazon. 5 18 Link to post Share on other sites More sharing options...
Guest Posted November 17, 2021 Share Posted November 17, 2021 22 minutes ago, spikey said: Well at least we now know why Amazon is/was offering everybody £40 to have one of their Mastercard credit cards ... Plus they'll give you £20 when you swap your Visa credit card to something else if that's what your payment method currently is. Link to post Share on other sites More sharing options...
Zomboid Posted November 17, 2021 Share Posted November 17, 2021 My bank have just switched from visa credit and debit cards to MasterCard. I'm imagining there's a link there. Strange that they take Amex, that always used to be the "to expensive so we don't take it" card. 3 3 Link to post Share on other sites More sharing options...
Guest Posted November 17, 2021 Share Posted November 17, 2021 12 minutes ago, 30801 said: Plus they'll give you £20 when you swap your Visa credit card to something else if that's what your payment method currently is. Actually £20 for adding a different card. Even if you leave your Visa credit as the default one. Link to post Share on other sites More sharing options...
AndrewC Posted November 17, 2021 Share Posted November 17, 2021 In related news. NatWest changed over all their credit cards from Visa to MC last year. Now they are dumping Visa for their debit cards as well. There were a few shops in the Netherlands last month that wouldn't take Visa as well. I have a feeling this is likely to force them to climb down on their fees somewhat. 2 3 Link to post Share on other sites More sharing options...
RMweb Premium Roger Sunderland Posted November 17, 2021 RMweb Premium Share Posted November 17, 2021 55 minutes ago, J. S. Bach said: Wouldn't bother me, I would just stop using Amazon. I’d just stop using Visa , their fees are greedy and excessive. 5 Link to post Share on other sites More sharing options...
RMweb Gold 97406 Posted November 17, 2021 RMweb Gold Share Posted November 17, 2021 That’s interesting as my debit card will be changing to Debit Mastercard as of next January. 1 Link to post Share on other sites More sharing options...
RMweb Premium TheQ Posted November 17, 2021 RMweb Premium Share Posted November 17, 2021 IIRC Barclays were visa went to Mastercard for a while, then switched back to visa.. No visa No Amazon, because I'm not getting another credit card just for them.. (unless Barclays change again.) 1 5 2 Link to post Share on other sites More sharing options...
RMweb Premium Torper Posted November 17, 2021 RMweb Premium Share Posted November 17, 2021 (edited) It's not quite so dramatic as it seems as they'll still be accepting Visa Debit cards so you'll be fine if that's what you use. Not that that'll affect me as like others my bank (RBS) is switching from Visa Debit to Mastercard debit and I anticipate receiving my new card in the next few weeks. DT Edited November 17, 2021 by Torper 1 Link to post Share on other sites More sharing options...
EddieB Posted November 17, 2021 Share Posted November 17, 2021 “Greed is good”? (Should I get out the 1980s braces?) Link to post Share on other sites More sharing options...
RMweb Premium rab Posted November 17, 2021 RMweb Premium Share Posted November 17, 2021 (edited) 2 hours ago, Zomboid said: My bank have just switched from visa credit and debit cards to MasterCard. I'm imagining there's a link there. Strange that they take Amex, that always used to be the "to expensive so we don't take it" card. The company I worked for did a deal with Amex which meant that all business trip expenses had to be paid using company Amex cards. It wasn't long before the complaints started flooding in about hotels and restaurants not accepting Amex. Edited November 17, 2021 by rab Link to post Share on other sites More sharing options...
Wheatley Posted November 17, 2021 Share Posted November 17, 2021 14 minutes ago, rab said: The company I worked for did a deal with Amex which meant that all business trip expenses had to be paid using company Amex cards. It wasn't long before the complaints started flooding in about hotels and restaurants not accepting Amex. Regional Railways did something in the 1990s with Overdrive (?) fuel cards, they were accepted almost* everywhere but were swapped almost overnight for Esso cards. At the time there were not a lot of Esso garages in the wilds of Cumbria. "The van is in Penrith station car park. If you want me you'll need to send a taxi." *Except Pinkneys in Appleby. But then she didn't take cash in denominations greater that £10 either. Link to post Share on other sites More sharing options...
RMweb Premium spamcan61 Posted November 17, 2021 RMweb Premium Share Posted November 17, 2021 (edited) Of course, if the world and his wife swap their business from Visa to Mastercard, that gives the latter an incentive to up their fees due to reduced competition. just sayin' Edited November 17, 2021 by spamcan61 1 6 Link to post Share on other sites More sharing options...
admiles Posted November 17, 2021 Share Posted November 17, 2021 Easy decision then. No more Amazon. My bank First Direct have just switched their debit cards from VISA to Mastercard. After years of having not a single problem with a bank card (VISA) my partner and I have now had a continuous stream of problems with cards not working or being accepted by machines. Every time there's been an issue I've ended up using my VISA creditcard to pay instead but that's frankly a pain in the 'arris having to transfer money about afterwards. Previously superb, First Direct show no signs of sorting the problems so sadly it's now goodbye First Direct after 25 years. 3 Link to post Share on other sites More sharing options...
AndrewC Posted November 17, 2021 Share Posted November 17, 2021 43 minutes ago, rab said: The company I worked for did a deal with Amex which meant that all business trip expenses had to be paid using company Amex cards. It wasn't long before the complaints started flooding in about hotels and restaurants not accepting Amex. Not sure if it is still the case but once upon a time if you purchased something with Amex the seller didn't get reimbursed until you paid the card statement. One of the main reasons so many smaller businesses don't touch it. My previous employer went from Barclay's Visa to Amex for our expenses card last year and promptly got a major roasting for it, as over half the hotels and restaurants on their preferred supplier list wouldn't accept it. 1 Link to post Share on other sites More sharing options...
Zomboid Posted November 17, 2021 Share Posted November 17, 2021 46 minutes ago, spamcan61 said: Of course, if the world and his wife swap their business from Visa to Mastercard, that gives the latter an incentive to up their fees die to reduced competition. just sayin' Or for Visa to reduce theirs to reclaim their lost market share. 2 Link to post Share on other sites More sharing options...
Butler Henderson Posted November 17, 2021 Share Posted November 17, 2021 4 minutes ago, Zomboid said: Or for Visa to reduce theirs to reclaim their lost market share. Precisely, announcement by Amazon could have been made closer to the date so it could be a negiotiating swipe 1 3 Link to post Share on other sites More sharing options...
RMweb Gold Jonboy Posted November 17, 2021 RMweb Gold Share Posted November 17, 2021 1 hour ago, rab said: The company I worked for did a deal with Amex which meant that all business trip expenses had to be paid using company Amex cards. It wasn't long before the complaints started flooding in about hotels and restaurants not accepting Amex. We used to accept Amex at work, but they insisted on a separate merchant account that used to take 5-6 days to pay rather than 1-2 for a visa/mc merchant account. We then found that if customers chose not to give you their card for some many months they close said merchant account without notice, but your payment terminal will still accept the payments and they take the money from your customers bank account…. Link to post Share on other sites More sharing options...
RMweb Premium njee20 Posted November 17, 2021 RMweb Premium Share Posted November 17, 2021 I find Amex is pretty widely accepted now. Starbucks are the merchant who I’m always caught off guard by, as they don’t. Agree it’s surprising to drop Visa but not Amex. Suits me, Amex is my first choice! Link to post Share on other sites More sharing options...
w124bob Posted November 17, 2021 Share Posted November 17, 2021 I wonder if this is the same reason RBS/NatWest are moving to Mastercard for their debit cards, not an Amazon user so doesn't affect me. Link to post Share on other sites More sharing options...
RMweb Premium Siberian Snooper Posted November 17, 2021 RMweb Premium Share Posted November 17, 2021 Lloyd's moved to Mastercard years ago and the Post Office, foreign currency card is Mastercard, which gave me some problems when I went to Canada as none of the machines that I tried to use would accept it, I nearly ran out of cash. A bank in Vancouver came to my rescue, but I had to return to the hotel and get my passport and some other ID, before they did though, fortunately not to much bother due to getting a travel card. Link to post Share on other sites More sharing options...
Danemouth Posted November 17, 2021 Share Posted November 17, 2021 37 minutes ago, w124bob said: I wonder if this is the same reason RBS/NatWest are moving to Mastercard for their debit cards, not an Amazon user so doesn't affect me. Amazon will stop taking Visa Credit Cards but will still take Visa Debit Cards. Dave Link to post Share on other sites More sharing options...
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