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| November 18, 2021, 6:18pm |
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Champagne Drinker  Posts: 2,346
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Gold Stars: 19
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State of the desperately sad still remoaners….. visa and Amazon have confirmed nothing to do with Brexit!
Are your lives that sad you have to constantly trawl for news headlines in the hope of a negative link to Brexit? Can you at least understand how pathetic you sound?
Do us all a favour and search for Royal Dutch Shell… now that will really trigger you 😂
Yes ok..... Amazon.com Inc. will stop accepting purchases made with Visa Inc. credit cards issued in the U.K. starting next year, the latest escalation by the online retailer in its push against transaction fees charged by payment networks.
An Amazon spokesperson said “the cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers.”
Customers can still use Visa debit cards, as well as MasterCard Inc. and American Express Co. credit cards, as well as Visa credit cards issued outside of the U.K., the retailer told users, offering them twenty pounds ($27) off their next purchase if they set a debit or non-Visa credit card as their payment default. In Singapore and Australia, Amazon has already imposed a surcharge for those using Visa credit cards.
“We are very disappointed that Amazon is threatening to restrict consumer choice in the future. When consumer choice is limited, nobody wins,” a Visa spokesman said in an email. “We have a long-standing relationship with Amazon, and we continue to work toward a resolution.”
Card fees have long been a flashpoint between merchants, banks and payment networks such as Mastercard and Visa, the world’s largest.
Retailers have long complained about the amount they spend each year to accept electronic payments, a figure that’s grown to more than $100 billion a year in the U.S. as fees increase and consumers flock to premium cards, which carry higher interchange rates -- fees charged every time a consumer uses a card.
The issue is an increasingly sensitive one in the U.K. after Brexit, with both Visa and Mastercard drawing scrutiny for upping certain fees now the U.K. is outside the European Union. Research this week showed credit and debit card costs have increased by 150 million pounds a year, with both U.K. and European retailers losing out.
Britain’s departure from the EU removed caps on transactions between the U.K. and the European Economic Area allowing card firms to increase cross-border payment fees, according to retail payments advisory firm CMS Payments Intelligence and the British Retail Consortium.
“Card payments accounted for over four-fifths of U.K. retail spending in 2020, with just two firms facilitating 98% of these payments,” said Andrew Cregan, payments policy adviser at the British Retail Consortium, who called for the U.K.’s Payment System Regulator to intervene. “Ultimately, it will be consumers who suffer higher prices unless these spiraling costs can be brought to heel.”
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“There's nothing wrong with the car except that it's on fire.”- Murray Walker
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| Humbercod |
| November 18, 2021, 6:57pm |
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Cocktail Drinker  Posts: 1,549
Posts Per Day: 1.17
Reputation: 60.08%
Rep Score: +9 / -9
Approval: -3,489
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You might also want to have a read of this: https://industryeurope.com/sec.....19-thanks-to-rebate/That might shed some light on why they're keen to move their tax residency to the UK... Interesting no mentions of the court case that Shell lost in the Netherlands about reducing its carbon emissions massively by 2030. Of course that has got nothing to do with this at all.
Yes I’d seen that even more of a trigger👍 |
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| GollyGTFC |
| November 18, 2021, 7:00pm |
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 Whiskey Drinker  Posts: 3,922
Posts Per Day: 0.68
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Rep Score: +19 / -11
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State of the desperately sad still remoaners….. visa and Amazon have confirmed nothing to do with Brexit!
Are your lives that sad you have to constantly trawl for news headlines in the hope of a negative link to Brexit? Can you at least understand how pathetic you sound?
Do us all a favour and search for Royal Dutch Shell… now that will really trigger you 😂
List the positives. |
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| GollyGTFC |
| November 18, 2021, 7:05pm |
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Whiskey Drinker Posts: 3,922
Posts Per Day: 0.68
Reputation: 67.2%
Rep Score: +19 / -11
Approval: +5,965
Gold Stars: 356
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State of the desperately sad still remoaners….. visa and Amazon have confirmed nothing to do with Brexit!
Are your lives that sad you have to constantly trawl for news headlines in the hope of a negative link to Brexit? Can you at least understand how pathetic you sound?
Do us all a favour and search for Royal Dutch Shell… now that will really trigger you 😂
You’re going to be heartbroken when the Dutch government persuade Shell to reverse their decision. |
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| Stadium |
| November 18, 2021, 7:06pm |
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Champagne Drinker Posts: 2,346
Posts Per Day: 0.78
Reputation: 87.77%
Rep Score: +6 / 0
Approval: +1,926
Gold Stars: 19
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Yes I’d seen that even more of a trigger👍
Good of you to confirm its fake news then. |
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“There's nothing wrong with the car except that it's on fire.”- Murray Walker
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| Humbercod |
| November 18, 2021, 7:20pm |
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Cocktail Drinker Posts: 1,549
Posts Per Day: 1.17
Reputation: 60.08%
Rep Score: +9 / -9
Approval: -3,489
Gold Stars: 82
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Yes ok.....
Amazon.com Inc. will stop accepting purchases made with Visa Inc. credit cards issued in the U.K. starting next year, the latest escalation by the online retailer in its push against transaction fees charged by payment networks.
An Amazon spokesperson said “the cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers.”
Customers can still use Visa debit cards, as well as MasterCard Inc. and American Express Co. credit cards, as well as Visa credit cards issued outside of the U.K., the retailer told users, offering them twenty pounds ($27) off their next purchase if they set a debit or non-Visa credit card as their payment default. In Singapore and Australia, Amazon has already imposed a surcharge for those using Visa credit cards.
“We are very disappointed that Amazon is threatening to restrict consumer choice in the future. When consumer choice is limited, nobody wins,” a Visa spokesman said in an email. “We have a long-standing relationship with Amazon, and we continue to work toward a resolution.”
Card fees have long been a flashpoint between merchants, banks and payment networks such as Mastercard and Visa, the world’s largest.
Retailers have long complained about the amount they spend each year to accept electronic payments, a figure that’s grown to more than $100 billion a year in the U.S. as fees increase and consumers flock to premium cards, which carry higher interchange rates -- fees charged every time a consumer uses a card.
The issue is an increasingly sensitive one in the U.K. after Brexit, with both Visa and Mastercard drawing scrutiny for upping certain fees now the U.K. is outside the European Union. Research this week showed credit and debit card costs have increased by 150 million pounds a year, with both U.K. and European retailers losing out.
Britain’s departure from the EU removed caps on transactions between the U.K. and the European Economic Area allowing card firms to increase cross-border payment fees, according to retail payments advisory firm CMS Payments Intelligence and the British Retail Consortium.
“Card payments accounted for over four-fifths of U.K. retail spending in 2020, with just two firms facilitating 98% of these payments,” said Andrew Cregan, payments policy adviser at the British Retail Consortium, who called for the U.K.’s Payment System Regulator to intervene. “Ultimately, it will be consumers who suffer higher prices unless these spiraling costs can be brought to heel.”
Two greedy companies being greedy, the joys of capitalism! Check out the Amazon deal with MasterCard😉 |
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| Stadium |
| November 18, 2021, 7:27pm |
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Champagne Drinker Posts: 2,346
Posts Per Day: 0.78
Reputation: 87.77%
Rep Score: +6 / 0
Approval: +1,926
Gold Stars: 19
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“There's nothing wrong with the car except that it's on fire.”- Murray Walker
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| DB |
| November 19, 2021, 4:28am |
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Barley Wine Drinker  Posts: 18,850
Posts Per Day: 15.51
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Rep Score: +13 / -13
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You’re going to be heartbroken when the Dutch government persuade Shell to reverse their decision.
I think the word 'Bribe' will be more appropriate. |
| You can please some of the forumites some of the time but not all the forumites all of the time |
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| aldi_01 |
| November 20, 2021, 12:34pm |
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Posts: 12,008
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Still waiting for that positive list…
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| 'the poor and the needy are selfish and greedy'...well done Mozza |
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| Humbercod |
| November 20, 2021, 1:42pm |
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Cocktail Drinker Posts: 1,549
Posts Per Day: 1.17
Reputation: 60.08%
Rep Score: +9 / -9
Approval: -3,489
Gold Stars: 82
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Still waiting for that positive list…
Were you not the one asking “name one … just one”😂 Again we are not even a year in and still paying billions it’s called transition! Give it another 5 years at least and then make comment. |
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