VISA to hike charges for UK-EU online purchases

colsten

Same as Mastercard. 

https://www.finextra.com/newsarticle/37706/visa-hikes-uk-eu-online-interchange-fees-faces-us-investigation-into-debit-card-practices

masonic

The benefits just keep coming

Thrugelmir

Retailers pay the bill. Buy the shares. 

colsten

Retailers, those well-known charities who don't have to pass extra costs on to consumers, and who are totally content with a profit reduction.

kaMelo

As none of the retailers reduced their prices when the costs cap came into force I fully expect them to behave in the same way now the costs cap is removed.

masonic

kaMelo said:

As none of the retailers reduced their prices when the costs cap came into force I fully expect them to behave in the same way now the costs cap is removed.

Retailers are constantly reviewing their prices and many factors combine to determine the price that they set. How will you ascertain whether a retailer has met your expectation, or indeed that previous savings from the cap were not passed on through reduction or elimination of planned price increases?

Thrugelmir

colsten said:

Retailers, those well-known charities who don't have to pass extra costs on to consumers, and who are totally content with a profit reduction.

Buy the product from a UK source rather than via an overseas warehouse operation on the continent then having it road freighted in. 

kaMelo

masonic said:

kaMelo said:

As none of the retailers reduced their prices when the costs cap came into force I fully expect them to behave in the same way now the costs cap is removed.

Retailers are constantly reviewing their prices and many factors combine to determine the price that they set. How will you ascertain whether a retailer has met your expectation, or indeed that previous savings from the cap were not passed on through reduction or elimination of planned price increases?

What I expect is retailers to maximise their profit margin, what I would like is to pay a fair price. Some achieve this and some don't as not all retailers definition of "fair price" is the same as mine but ultimately it's down to me whether I pay or not and that's okay with me.

What I don't expect is retailers to hike prices whilst blaming someone or something else hoping no one notices what they are saying is twaddle.  
An example or two,   
   A poster recently on some other forum blaming Brexit for the import duties due on artworks being sent from Russia.
    A mobile food seller blaming "pasty tax" for putting the price of their steak slices up by 40% despite me pointing out the fact VAT was only 20%

colsten

Thrugelmir said:

colsten said:

Retailers, those well-known charities who don't have to pass extra costs on to consumers, and who are totally content with a profit reduction.

Buy the product from a UK source rather than via an overseas warehouse operation on the continent then having it road freighted in. 

That's the same argument as "buy British bananas".

colsten

kaMelo said:

What I don't expect is retailers to hike prices whilst blaming someone or something else hoping no one notices

If a retailer's costs increase, it is perfectly reasonable for the retailer to consider raising their prices.

What can be considered completely unreasonable is for the provider of a service to raise their prices beyond inflation if the service remains the same as before. Yes, I am looking at VISA and Mastercard. However, it was to be expected that some companies will do exactly that as soon as the law allows them to.

eskbanker

It's a free market economy - unless there are constraints forcing retailers to peg price changes to inflation (e.g. train operating companies) or to operate on some sort of formalised 'cost plus' basis, they're entitled to set sale prices as they see fit, perhaps based on perceptions (or reality) of supply and demand or anything else they feel is relevant....