Amazon will stop accepting payments by UK VISA credit cards in 2022

equalsql

Capitalism eating itself ?
It's not as though they're short on profits. It's going to be real interesting to see how this pans out.
https://www.bbc.co.uk/news/business-59306200

RiftAmps

Just had a look through my CCs - none are VISA, all are Mastercard. Are VISA CCs rarer these days anyway?

equalsql

RiftAmps said:

Just had a look through my CCs - none are VISA, all are Mastercard. Are VISA CCs rarer these days anyway?

 My missus has one.. so that's a bonus 

bertie

well its odd, cos one of my "debit" cards was visa and the new one that came a couple of weeks ago is mastercard  ?!?!  

I only have one CC and that was always mastercard

stickyfiddle

My bet is they're trying to pressure Visa into cutting their fees. 

But really disruptive if they go through with it - when was the last time anyone didn't accept visa???

munckee

I was going to switch to my PayPal but they don’t take that either. I’ll stop buying from Amazon, that’ll show em 

Kittyfrisk

I notice that Visa backed debit cards will still be accepted, so no change for me.

drofluf

Can’t see it happening, Amazon are probably the biggest retailer in the world and Visa’s largest customer. If Visa don’t capitulate they’ll be cutting their nose off to spite their face. What’s better 50% of what you asked or 0%?

P.S. I plucked the numbers from the air

Whitecat

This is absolutely just brinksmanship, and with the news of it getting into the media it's playing straight into Amazon's gameplan. 100% guarantee they will find a "solution".

Boy, I don't know who I want to win, the soulless giant megacorp, or the other soulless giant megacorp!

Philly_Q

My debit card is Visa.  My Barclaycard used to be MasterCard but - I've only just noticed - it is now Visa.  As it happens, I normally use my (actual) MasterCard on Amazon.

But this is crazy stuff.  We'll be changing the name of Earth to Planet Amazon soon.

digitalscream

I strongly suspect this isn't going to happen. Maybe consider the possibility that this is basically Amazon flexing for negotiations on lower transaction fees.

Give it a few weeks, there'll be another announcement walking it back.

Amazon have enough clout that VISA will back down.

bertie

not sure Id tie a debit card into online shopping accounts, dont CCs still have "better" protection than debit cards ? (anti-fraud  etc) 

crunchman

All of our cards are Visa.  I'm minded to stop buying stuff from Amazon.

Edit:  the government needs to step in on this.  There are basically only 2 card providers as it is.  This would essentially give Mastercard a monopoly.

boogieman

crunchman said:

All of our cards are Visa.  I'm minded to stop buying stuff from Amazon.

Edit:  the government needs to step in on this.  There are basically only 2 card providers as it is.  This would essentially give Mastercard a monopoly.

Wis to your edit. 

The card companies are onto a loser trying to bully Amazon though, they have so much financial clout. 

wibble

Whitecat said:

This is absolutely just brinksmanship, and with the news of it getting into the media it's playing straight into Amazon's gameplan. 100% guarantee they will find a "solution".

Boy, I don't know who I want to win, the soulless giant megacorp, or the other soulless giant megacorp!

Whitecat

wibble said:

Whitecat said:

This is absolutely just brinksmanship, and with the news of it getting into the media it's playing straight into Amazon's gameplan. 100% guarantee they will find a "solution".

Boy, I don't know who I want to win, the soulless giant megacorp, or the other soulless giant megacorp!

If there was a 'deep sadness' react button I'd smash it!

TTony

bertie said:

not sure Id tie a debit card into online shopping accounts, dont CCs still have "better" protection than debit cards ? (anti-fraud  etc) 

Absolutely this.

A debit card essentially says "here's my bank account".  A credit card is at least one-step removed from your bank account, and comes with all the protections that buying on credit offers.  Using a debit card online is not a clever move.

crunchman said:

Edit:  the government needs to step in on this.  There are basically only 2 card providers as it is.  This would essentially give Mastercard a monopoly.

And in a really strange co-incidence, the Amazon credit card (that you get offered to take out every time you visit the site) is on the Mastercard system.

Ossyrocks

I basically only have a Visa card to make online purchases. Everything I buy online goes through that. It offers way more protection than anything else and even covers you for damage for the first month. If a retailer gets arsey, you can also claw back the money easier. It’s almost what I ended up doing with that Hakko soldering iron, but the retailer eventually refunded me. 

CaseOfAce

Someone's always playing corporation games
Who cares, they're always changing corporation names
We just want to dance here, someone stole the stage
They call us irresponsible, write us off the page

Marconi plays the mamba, listen to the radio, don't you remember?
We built this city, we built this city on rock and roll

grungebob

Yep it’s a ruse to force visa to lower their charges to reduce Amazon’s operating costs. 

If not they’ll lose customers for sure. 

I don’t trust Amazon with debit card details and I’m not taking out a new credit card just to pay them. 

digitalscream

boogieman said:

crunchman said:

All of our cards are Visa.  I'm minded to stop buying stuff from Amazon.

Edit:  the government needs to step in on this.  There are basically only 2 card providers as it is.  This would essentially give Mastercard a monopoly.

Wis to your edit. 

The card companies are onto a loser trying to bully Amazon though, they have so much financial clout. 

Just looked it up, and the gulf between them actually surprised me.

Visa revenue: $20bn
Amazon revenue: $386bn

Visa's revenue is about 0.5% of Amazon's. Talk about being the little spoon...