Amazon to stop accepting UK Visa credit cards

Re:Amazon to stop accepting UK Visa credit cards by tumetab1 on Wednesday November 17, 2021 @07:47AM (#29252341)

Because regulations which goverments supports because they prefer digital transactions to physical money for several reasons. (EU country perspective)

By VISA/ MasterCard contract backed by governments' regulations a merchant in EU can not charge more because he's using a card instead of cash. Of course the transactions costs are paid by the customer, it's just all customers instead of those paying by card.

That's why some cards have charges, to the merchants, of around 2%... because the customer who use that cards does not pay them.

If I, as a customer, when doing an Amazon checkout saw a 2% charge to use VISA I would drop them in a second. Because that's hidden on purpose, I keep using it.

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Re:Amazon to stop accepting UK Visa credit cards by tumetab1 on Wednesday November 17, 2021 @09:24AM (#29253350)

To clarify, it seems that transactions costs vary a lot in the EU. I have the prices in Portugal for 2 terminal payments provider and I see lot of comissions around 2% which is strange because the EU states that the comissions are much lower.

No idea what's going here.

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Re:Amazon to stop accepting UK Visa credit cards by Dah00n on Wednesday November 17, 2021 @10:22AM (#29254241)

Aren't you looking at the PoS fee instead of the VISA fee?

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Re:Amazon to stop accepting UK Visa credit cards by tumetab1 on Thursday November 18, 2021 @03:29AM (#29263348)

I think so, I was looking into the fees paid by merchants to accept a card payment on in a physical terminal.

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