Amazon stopping visa credit card payments

Funny that Anazon have a Mastercard credit card available. Just trying to get more people to use it so more money for Amazon?

Nothing to do with fees, Amazon would be on the very lowest rate.
This is about chargebacks where dissatisfied customers complain the the credit card company to get a refund. Secondly to make customers use their own Amazon Pay system, no doubt with credit facilities that are controlled by them.

I never ever use Amazon they treat employees badly and don’t pay proper taxes.

What can it possibly have to do with Brexit? Amazon and Visa are two large American businesses."

It is to do with Brexit because under EU regulations the amount credit card companies could charge in the EU is capped. Now we are not in the EU credit card companies can spend as much as they want and the cap no longer applies in the UK. Martin Lewis's article explains the complexity. But it's definitely a result of Brexit

I meant credit card companies can charge as much as they want not spend!

Well, I'm thinking of changing my bank account, this will help me choose which bank I go to!

Not a scam it’s because they have now brought out there own credit card. It’s Amazon after all they are not stupid.

It is all overthe news now - Visa have taken a hit on their shares., so with that and loss of revenue on purchases I wouldn’t be surprised if they didn’t go back to Amazon with further negotiations. If that works, will Amazon threaten to do the same with Mastercard? I’m certainly not going to be strong-armed into using an Amazon card.

Brexit or not, they’re both rip off merchants, one charges huge interest amounts, yes even while in the EU, the other one does not contribute enough tax to the country it’s making billions out of. Time to say goodbye to both methinks.

I think another problem traders have with some Visa providers is the time they take to pass money from customer to trader. I once had a problem with a company almost three months after I’d bought something and called Barclaycard. They said they hadn’t passed the money through and would now withhold it until the dispute was settled. How many traders can afford to wait that long for payment?

I feel very sorry for the vast numbers of small companies who sell via Amazon.

Oh well never mind if they don't want my money I'll shop somewhere else

Me too katy1950. I think this will be a problem for Amazon and customers will go elsewhere.

It's one of those Brexit outcomes. Anyone still think it's working for us? Anyone?

My bank is changing from Visa cards to MasterCard in the new year. Is that a coincidence or what! I moaned about them changing things and why can't they leave things as they are, now I'm glad of the change.

I thought they already had a credit card? Isn't there an small reference to it on the payments preferences page? Either way I think that they're just being the complete tossers they are! The richest idiot on the planet moaning about paying his dues? Pathetic behaviour and proves he doesn't give a jot about his customers. Not everyone can use their current account like a credit card- that's why they - have a credit card.........ya?

This is not a scam. It is all over the news that Amazon will not accept Visa credit cards after 19 January 2022. I've yet to receive my email though.

Just checked Amazon will accept Visa Debit cards but not Visa credit cards.

I’m very cross about it as a I have a Visa credit card I use on Amazon (and elsewhere) and pay off every month. I won’t use a debit card online either. Daughter says get another card and just use it for Amazon but I like having just one card.

Apparently Ive heard Amazon is bringing out its own MasterCard so that might be part of the reason.

Amazon already have a credit card.

It is co-branded with Mastercard.

vegansrock

Yes it’s a Brexit bonus. Visa charging higher fees to EU based companies including Amazon. I’m guessing Amazon are hoping Visa will lower their fees which may well happen.

I’m a bit confused as the Sky article says that MasterCard have already increased their fees to the same % that Visa are planning yet Amazon still accept their cards!

Alegrias1

Amazon already have a credit card.

It is co-branded with Mastercard.

Ahh, could be why Amazon are happy to pay the increased fees for MasterCard but not for Visa.,

It was a news report yesterday saying Amazon can't afford the charges for Visa Cards.

Hope it will encourage people to stop buying from Amazon . We stopped when we heard they don,t paty their staff properly or pay their Taxes. Plus independent bookshops we all claim to like go out of buisness.

My bank has dropped Visa for debit cards, so presumably nothing to do with charges for credit cards.

I use a Barclaycard Visa credit card for online purchases only (I collect Reward points) so it'll be interesting to see what happens next.

it is not a scam, they are stopping them from january 19th. they will still accept visa debit cards just not credit cards.