Amazon to stop accepting Visa credit cards issued in UK

RG2015

squirrelpie 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.

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.

I had a personally addressed email with an explanation and a link to update my card.

I have just remembered that I have two credit cards registered with Amazon, one Mastercard and one Visa as a backup.

They may be sending a different email to those who have a Visa credit card registered.

However, I think they should have given an explanation on all of the emails, and also personally addressed them all. Dear customer would not fill me with any confidence.

Coffeekup

Grumpy_chap said:

Lots of people reading lots into this.

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

I found it funny... Even if no one else did

Coffeekup

Ergates said:

It could be a negotiation tactic - or it could just be that Visa fees are higher than MasterCard and Amex and Amazon believe that most customers will change cards rather than ditch amazon.  More customers using lower fee cards = more profit.

Maybe this is what they believe, however applying for another credit card may not work for everyone, for example they are declined.

I personally CBA to apply for a MasterCard so I can buy the occasional thing from them, but I'm not an Amazon lover. I find looking for things on it painful, there's alot of scrolling to find product info, too much spamming/product placements of other things I'm not interested in that's along with all the sponsored stuff. I know I'm going off subject but I was looking for lightbulbs on Amazon the other week and I was just scrolling through cables of some kind .... Bleh

LaHostessAvecLaMostess

IanManc said:

bris said:

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.

You're right. I recently paid a local tradesman for a new UPVC door. I asked if they preferred payment by debit or credit card, or if it was all the same to them.

I was told that the transaction would cost them 40p in fees if I paid by debit card, but more than £18 if I paid by credit card, a charge which they can't pass on to the customer. So I paid by debit card.

The difference in charges for the work the transaction causes the bank seems wholly disproportionate. Large businesses can negotiate lower charges, but the ones borne by small businesses must cripple some of them.

When the bank potentially has to foot the bill for the entire job, despite their revenue being something less than £18, are the charges really disproportionate?

RG2015

Coffeekup said:

Grumpy_chap said:

Lots of people reading lots into this.

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

I found it funny... Even if no one else did

Really? As of now I am the only one to have given it a thumbs up, and that was yesterday evening.

cx6

An alternative is the new 3% cashback when shopping at Amazon with the Chase card posted today - see

Chase Bank 3% Amazon Cashback — MoneySavingExpert Forum

emmajones1976

cx6 said:

An alternative is the new 3% cashback when shopping at Amazon with the Chase card posted today - see

Chase Bank 3% Amazon Cashback — MoneySavingExpert Forum

People should be getting that card just for the 1% cashback for a year and fee free transactions abroad, tbf

MSE_Laura_F

Thanks all.

As some of you have mentioned, there are lots of threads on this topic. To keep the conversation in one place, I'll close this thread and point you in the direction of my colleague's thread which includes the MSE article containing everything we know so far:

Amazon to stop accepting Visa credit cards from January 2022 – here’s all you need to know