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Amazon and Visa credit cards
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eskbanker said:squirrelpie said:
I will write to my bank and ask them if they'll supply a Mastercard by January, but otherwise do nothing until things settle out.
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simongregson said:The only reason they get charged the higher fee is because they process their payments in Iuxembourg to avoid paying taxes in the UK. If they processed in the UK they would have the 0.3% interchange cap and we'd have more money for public services!
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Thanks for your thoughts here about the Amazon/Visa credit card news.
As some of you have pointed out, 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
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