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A comment on MasterCard to push up fees for UK purchases from EU due to Brexit. Parent comment

Re:MasterCard to push up fees for UK purchases from EU due t... by fredley on Tuesday January 26, 2021 @07:27AM (#25915050)
I fully suspect us to get different pricing. Until it was banned it was a classic cause of consumer frustration with Ryanair: getting to the payment step, and being charged extra to pay by credit card.

I suspect it'll also force many smaller retailers to stop taking card payments again, and requiring cash.

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Re:MasterCard to push up fees for UK purchases from EU due t... by neximo64 on Tuesday January 26, 2021 @07:30AM (#25915070)
Ryanair most likely will try to use the new open banking push payment technology. This way the payment can't be reversed and its a faster payment under the hood (cheaper than a debit card for them).
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Re:MasterCard to push up fees for UK purchases from EU due t... by tebbers on Tuesday January 26, 2021 @07:53AM (#25915252)
I am really excited about this push technology (example: https://truelayer.com/paydirect)

It seems to me that merchants are paying a ton of money in card fees and waiting 2-3 days for the transaction to settle) whereas actually the transaction could be done for pennies and settle instantly via the UK's very good Faster Payments infrastructure. If this takes off with consumers, Visa and MasterCard are going to see big chunks taken out of their business.

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Re:MasterCard to push up fees for UK purchases from EU due t... by Jonnax on Tuesday January 26, 2021 @10:20AM (#25916733)
So no protection for the users?
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Re:MasterCard to push up fees for UK purchases from EU due t... by krona on Tuesday January 26, 2021 @07:52AM (#25915242)
Or take visa? Or any other credit provider? Or a debit card? Heaven forbid that we allow payment providers to compete to provide the best service at the cheapest price.
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Re:MasterCard to push up fees for UK purchases from EU due t... by adimitrov on Tuesday January 26, 2021 @08:04AM (#25915330)
Visa will probably follow suit.
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