Amazon to stop accepting Visa credit cards issued in UK

squirrelpie

noh said:

cx6 said:

received an email with the info and a big 'update your account now' button - very naughty

Received similar email which also offered £20 off next purchase if default payment method is set to debit or non-Visa credit card.

It seems Amazon are sending out different emails to different customers. The one I received offered no explanation at all, just a statement of alleged fact.

So far, this has made me more negative about Amazon, but we'll see what happens.

Sandtree

[Deleted User] said:

IanManc said:

ultrasilva said:

Well I just cancelled my Amazon Prime, it was due to renew on 1 Dec. 

Amazon is bullying Visa on this one... 

Bullying? The idea of the financial mega-giant Visa being bullied is laughable.  🤣 

It's more a case of the biter being bitten back.

Not that it matters much to mere mortals like us.... but Amazon's revenues are more than 15 times higher than Visa's. 

You can call it a negotiation tactic if you prefer. 

Revenue isnt really a good measure when you are considering a service -v- physical products - appreciate Amazon these days is a hybrid of services and goods. Amazon is still the bigger company on gross profit/income but the multiplier is halved.

Still a company making $24bn of revenue is big and ugly enough to deal with another multinational corporation slinging some mud in the press.

Grumpy_chap

Lots of people reading lots into this.

Perhaps Jeff was simply turned down for a Visa card and getting his own back:)

worldtraveller

The best article written about this, and the reasons why it's happened, has been published today in "Head For Points":

https://www.headforpoints.com/2021/11/17/this-is-why-amazon-wont-accept-visa-cards/comment-page-2/#comments

elsien

noh said:

cx6 said:

received an email with the info and a big 'update your account now' button - very naughty

Received similar email which also offered £20 off next purchase if default payment method is set to debit or non-Visa credit card.

Wonder if I change my payment method to my Visa card I'll be offered a financial incentive to change it again, come January?

worldtraveller

elsien said:

noh said:

cx6 said:

received an email with the info and a big 'update your account now' button - very naughty

Received similar email which also offered £20 off next purchase if default payment method is set to debit or non-Visa credit card.

Wonder if I change my payment method to my Visa card I'll be offered a financial incentive to change it again, come January?

That's a possibility, as mentioned in the article from "Head For Points" I mentioned above, for when Amazon surely do another sweep of their accounts later.

Natty68

Well I tried to actually get one of their Mastercards so I don't have to worry about my visa card.

And guess what I was turned down. Had no trouble with the visa card previously but New Day won't have anything to do with me..

[Deleted User]

@Natty68 you could get a Curve card (which is a mastercard) and use that. 

bris

They are not alone, it costs a retailer to accept a Credit card which can no longer be passed to the consumer so it's lost money.

They could also be targeting their customers to pick up their business with their own cards.

Taking down their Visa CC as their payment option then given them an option for their own card could be a big deal to them.

gt94sss2

Also, Amazon may back down - Barclaycard are the biggest credit card issuer in the UK and only issue Visa cards..