OV9

Simon wrote: Wed Nov 17, 2021 12:03 pm

Gavster wrote: Wed Nov 17, 2021 12:01 pm People won't vote with their feet because Amazon is too convenient, fast and cheap

For me to continue using Amazon needs action on my part - or I can be less lazy and shop around each time from now on.

Amazon are putting an actual barrier in the place of my continued use of their shop.

The move comes after Visa increased fees last month. The Financial Times reported earlier this year that Visa would raise fees charged on transactions between the UK and EU from 0.3% to 1.5% from October. Amazon.co.uk is operating by the company’s Luxembourg business, its European headquarters.

So-called card ‘interchange’ fees charged by companies like Visa and Mastercard were capped under EU rules but Brexit removed that barrier.

ZedLeg wrote: Wed Nov 17, 2021 12:11 pm I haven't shopped at Amazon for years, pretty sure it started when people first started walking out of the warehouses over pay and conditions but it's easy once you break the habit of going there first. The other plus point is that you end up giving more business to smaller/local companies when you're shopping around.

GG. wrote: Wed Nov 17, 2021 5:43 pm Yep - looks like Visa being gouging cunts ironically so good on Amazon for blocking them. Hopefully that will prompt a change of course.

I don't see why the UK government doesn't just continue the applicable EU regulations in instances like these, same puzzlement as to why they don't ban the return of roaming fees. Surely its the lowest of low hanging fruit.

Proof once more that politicians are essentially idiots?

Beany wrote: Wed Nov 17, 2021 5:38 pm I looked around, here's an article in the Evening Standard that goes back to the FT about this after seeing rumours of a massive hike in fees. Apparently, it's true.

https://www.standard.co.uk/business/ama ... 66647.html

The move comes after Visa increased fees last month. The Financial Times reported earlier this year that Visa would raise fees charged on transactions between the UK and EU from 0.3% to 1.5% from October. Amazon.co.uk is operating by the company’s Luxembourg business, its European headquarters.

So-called card ‘interchange’ fees charged by companies like Visa and Mastercard were capped under EU rules but Brexit removed that barrier.

So yeah, a 500% increase in fees on UK transactions for Visa Credit - or, on a billion quid of transactions, the difference between £3m and £15m in fees.