Visa card network crashes, causing increased decline rates across UK and Europe
1–10 of 190 posts
Re: Visa card network crashes, causing increased decline rates across UK and Europe
#2The plug to support The Guardian by donating with your VISA card at the bottom of an article about the VISA network being down caused me to laugh out loud. #Ironic
Re: Visa card network crashes, causing increased decline rates across UK and Europe
#3Luckily, credit cards are really a second tier payment system in most of the EU.
Country-specific (debit) cards and the international Maestro payment system are the primary way to pay, along with cash. Apart from online shopping, of course. But even there, you usually have other viable payment options.
So it's probably not all that much chaos...
Re: Visa card network crashes, causing increased decline rates across UK and Europe
#4Would this be the reason why my DigitalOcean payment failed today?
Re: Visa card network crashes, causing increased decline rates across UK and Europe
#5It isn't down.
I work for a large e-commerce company and we're seeing ~10% decline rates, at most, on VISA cards only, and that's intermittent. Overall average decline rate is more like 1-3% when you factor in the intermittentness of it.
Still not great, but not PAYMENT CHAOS and not a CRASH OF THE VISA NETWORK.
Re: Visa card network crashes, causing increased decline rates across UK and Europe
#6Luckily, credit cards are really a second tier payment system in most of the EU. Country-specific (debit) cards and the international Maestro payment system are the primary way to pay, along with cash. Apart from online shopping, of course. But even there, you usually have other viable payment options. So it's probably not all that much chaos...
Not in the UK, it's all mastercard/visa now.
Re: Visa card network crashes, causing increased decline rates across UK and Europe
#7This is one of IBM's flagship customers, isn't it? They're supposed to never go down.
Re: Visa card network crashes, causing increased decline rates across UK and Europe
#8Luckily, credit cards are really a second tier payment system in most of the EU. Country-specific (debit) cards and the international Maestro payment system are the primary way to pay, along with cash. Apart from online shopping, of course. But even there, you usually have other viable payment options. So it's probably not all that much chaos...
Visa don't issue or distribute credit cards, banks do.
I have 3 Visa cards, only one is a credit card.
Re: Visa card network crashes, causing increased decline rates across UK and Europe
#9Luckily, credit cards are really a second tier payment system in most of the EU. Country-specific (debit) cards and the international Maestro payment system are the primary way to pay, along with cash. Apart from online shopping, of course. But even there, you usually have other viable payment options. So it's probably not all that much chaos...
Visa don't issue or distribute credit cards, banks do. I have 3 Visa cards, only one is a credit card.
In the UK they do
Re: Visa card network crashes, causing increased decline rates across UK and Europe
#10What was that whole thing about a "cashless society" again?
What happens when a major rival actually attacks your cashless society?