VISA to hike charges for UK-EU online purchases

Thrugelmir

colsten said:

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".

Given the majority of product shipped to order directly into the UK from the EU isn't actually manufactured in the EU. Your banana observation is somewhat moot. 

colsten

Thrugelmir said:

colsten said:

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".

Given the majority of product shipped to order directly into the UK from the EU isn't actually manufactured in the EU. Your banana observation is somewhat moot. 

I think you underestimate the manufacturing prowess of the EU. Sorry you can't see the obvious parallels with bananas.

[Deleted User]

eskbanker said:

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....

Visa and Mastercard are a duopoly, so free market rules don't necessarily apply.

eskbanker

Deleted User said:

eskbanker said:

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....

Visa and Mastercard are a duopoly, so free market rules don't necessarily apply.

The context of the quoted post was retailer pricing, not the Visa/Mastercard changes themselves....