371–380 of 534 posts
Earlier quoted context omitted.
The UK has hinted it wants to increase the cap, as a “Brexit dividend”.
Why would a larger cap benefit the UK or its government in any way? It's not like the "dividend" would be received by them, it's an effective +1% tax on all payments from consumers to the banks.
Earlier quoted context omitted.
It's illegal everywhere in the EU as well. If a merchant accepts debit/credit cards then they are not allowed to charge extra for using them.
I see this repeated often, but it's not unusual in Denmark for credit cards, especially corporate cards, to have an extra fee applied. Example in English: https://www.flysas.com/en/help-and-contact/faq/booking/why-d... And in Danish: https://www.tivoli.dk/da/om/vilkaar-og-betingelser/betalings... (or without the reasoning in English: https://www.tivoligardens.com/en/om/vilkaar-og-betingelser/b... )
https://www.citizensadvice.org.uk/debt-and-money/borrowing-m...
“We are very disappointed that Amazon is threatening to restrict consumer choice in the future. When consumer choice is limited, nobody wins,” a Visa spokesman said in an email. "When consumer choice is limited". Yea that's the problem, more competition is needed.
Earlier quoted context omitted.
> can't be overcharged, can't go below zero In the UK, it's really hard to get a bank account where they'll do that. Instead they'll pay it, call it an "unauthorised overdraft" and then charge you for that. This is their business model - it's how they make sufficient income to operate. There are "basic bank accounts" which don't provide a credit facility, but these only exist because people with poor credit histories…
“it's how they make sufficient income to operate.” No. This is how the practice parasitism on the poor.
More information here: https://researchbriefings.files.parliament.uk/documents/SN03...
And a Supreme Court decision here: https://www.supremecourt.uk/cases/docs/uksc-2009-0070-judgme...
There's a huge piece of information missing from that article and much of the reporting of Amazon's decision Visa have put up UK-EU interchange fees (as post Brexit they're not covered by the cap) But it affects Amazon because when you buy something from Amazon UK, you're billed by Amazon Luxembourg and Amazon UK then fulfil Amazon's tax avoidance strategy is part of the reason the charge has increased for them. If t…
But a curious note from that article: "The move to increase interchange fees will bring it into line with MasterCard, its rival payments group, which announced a similar move in January."
So why is Amazon restricting customers with Visa and not MasterCard?
Can't be the UK-EU Post-Brexit policy alone.
There's a huge piece of information missing from that article and much of the reporting of Amazon's decision Visa have put up UK-EU interchange fees (as post Brexit they're not covered by the cap) But it affects Amazon because when you buy something from Amazon UK, you're billed by Amazon Luxembourg and Amazon UK then fulfil Amazon's tax avoidance strategy is part of the reason the charge has increased for them. If t…
More detail here: https://news.sky.com/story/visa-to-hike-interchange-fees-for... But a curious note from that article: "The move to increase interchange fees will bring it into line with MasterCard, its rival payments group, which announced a similar move in January." So why is Amazon restricting customers with Visa and not MasterCard? Can't be the UK-EU Post-Brexit policy alone.
There's a huge piece of information missing from that article and much of the reporting of Amazon's decision Visa have put up UK-EU interchange fees (as post Brexit they're not covered by the cap) But it affects Amazon because when you buy something from Amazon UK, you're billed by Amazon Luxembourg and Amazon UK then fulfil Amazon's tax avoidance strategy is part of the reason the charge has increased for them. If t…
More detail here: https://news.sky.com/story/visa-to-hike-interchange-fees-for... But a curious note from that article: "The move to increase interchange fees will bring it into line with MasterCard, its rival payments group, which announced a similar move in January." So why is Amazon restricting customers with Visa and not MasterCard? Can't be the UK-EU Post-Brexit policy alone.
Has anyone successfully nationalised/regulated into sanity this business? It's 2021, buying stuff should involve neither precious metals nor weird faceless financial cooperatives owned by private banks.
While not nationalized or regulated, Poland is an interesting example with its ubiquitous application of BLIK, a bottom-up initiative of major Polish banks: https://blik.com/en https://thepaypers.com/thought-leader-insights/blik-and-the-... " (...) at the end of 2020 BLIK overtook payment cards in terms of the number of transactions made in global ecommerce (Polish and foreign) for the first time. " You can use it ev…
Did not knew about the p2p thing. Thanks.
There's a huge piece of information missing from that article and much of the reporting of Amazon's decision Visa have put up UK-EU interchange fees (as post Brexit they're not covered by the cap) But it affects Amazon because when you buy something from Amazon UK, you're billed by Amazon Luxembourg and Amazon UK then fulfil Amazon's tax avoidance strategy is part of the reason the charge has increased for them. If t…
Brexit is the gift that keeps on giving!
Not really due to Brexit. Nice attempt at pushing your agenda though.
Earlier quoted context omitted.
Fun fact: At M&S, 12% of payments taken online for delivery to London addresses are paid by Amex. The rest of the country? <3%.
Any idea why Amex would be so popular in London? I'd never even consider an Amex card due to my perception of it being something that many places won't even accept.