Earlier quoted context omitted.
How so? Did leaving EU imply giving up laws already adopted while in the EU?
It did. In this case the EU interchange restriction of 0.3% has been revoked
It dit not. UK can choose which laws to repel.
Amazon to stop accepting UK Visa credit cards
481–490 of 534 posts
Re: Amazon to stop accepting UK Visa credit cards
#482I have a visa credit card and received this email. I don't want to use my debit card with amazon particularly. You get a few added protections by purchasing with a credit card, and a mistake can't drain my current account in the same way as it could with a debit card, plus I get the benefits of a month or two credit for "free". If I'm "forced" to use my debit card, I'll have to for essential purchases but this means…
> a mistake can't drain my current account in the same way as it could with a debit card
In Poland credit cards aren't popular at all and you just have separate account for monthly expenses with card attached to this account. For me it works fine. Don't understand the need for credit cards (I guess it makes sense for people living paycheck-to-paycheck).
Re: Amazon to stop accepting UK Visa credit cards
#483Earlier quoted context omitted.
You should ask more people, the driver shortage in various EU countries has been pretty widely reported. For example, https://www.ft.com/content/e8ca2a08-308c-4324-8ed2-d788b074a...
I don't have an FT subscription. Driver shortages have been reported across the EU, but as far as I'm aware, food and fuel shortages are only in the UK. e.g. https://trans.info/en/there-s-a-europe-wide-hgv-driver-short...
I don't have one either, but the page didn't have any sort of paywall when I opened it. Sorry if one popped up for you :/
Re: Amazon to stop accepting UK Visa credit cards
#484Earlier quoted context omitted.
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…
I like Blik. Is dead simple to use specially on the internet. Did not knew about the p2p thing. Thanks.
Indeed, it's super easy. And safer than cards, especially when withdrawing money from ATMs where you only type in a code on the screen, so nothing can get skimmed.
If it wasn't for the regular 2-5% I get back on my US-issued credit cards, I'd be mostly using BLIK only when in Poland.
Re: Amazon to stop accepting UK Visa credit cards
#485Earlier quoted context omitted.
As a general rule, ah (and bol.com) do not accept credit cards (or debit cards that need to go through the credit card network). This can be independently verified on Google Maps if you look for those 1-star reviews. There are a small handful ah branches (see below) in tourist spots that does accept credit cards. In all other places, you should see posters apparently made by the staff that puts red crosses on Visa, M…
Once I had an interesting experience at AH when I used my combined debit/credit card. It wasn't a branch that accepted credit cards (it was full of crossed off card logos), the clerk saw my foreign card with Mastercard logo and said that wouldn't work but I insisted by showing it had a Maestro logo on the back. Reluctantly they said OK, go ahead and for everyone's surprise, it worked. The transaction ended showing up…
If I have to guess, it probably have something to do with the the migration to MasterCard Debit from Maestro.
Re: Amazon to stop accepting UK Visa credit cards
#486Earlier quoted context omitted.
The link I shared is a list of cards from Amex that don't charge any fee. Anecdotally the number of places that reject my personal amex is very close to zero (there's one cafe enar me which doesn't take it). > I see no real reason why to use Amex over Visa or Master/Maestro Cashback/rewards, and it's accepted on Amazon in the UK after this year is a really good reason to use it over Visa at least. Maestro is non-exis…
Majority of hotels around Europe don't accept it, same with restaurants, small business, shops.. there is not a single reason to own one in Europe, even with cashback (cashback to what actually, since i cannot use it anywhere)
I've travelled around the UK, Ireland, France, Spain, Italy and almost exclusively used my Amex over the last 5 or so years.
> Majority of hotels around Europe don't accept it, same with restaurants, small business, shops
I completely disagree. Almost every restaurant, hotel, cafe takes it. All major airlines accept them, the major train operators accept them, the major hotel booking sites and airbnb both accept it.
> there is not a single reason to own one in Europe, even with cashback (cashback to what actually, since i cannot use it anywhere)
Well there is, cashback, and contrary to what you're saying it _is_ usable in europe. You can book a flight with Ryanair, a train on trainline, hire a car via hertz/sixt/europcar, book a stay with airbnb/booking/hotels, and eat out in restaurants and local cafes all with an amex.
Re: Amazon to stop accepting UK Visa credit cards
#487Earlier quoted context omitted.
Oh don't get me started with the EC card shenanigans - I've had so many problems in Munich with shops demanding an EC card as the only form of card accepted. Drives me crazy that in some cases it's either that (which is unavailable to non German residents) or cash....
There's a reason for those so called "shenanigans". The merchant fees for EC card are the lowest amongst all cards. Pretty much all banks issue EC cards. Earlier, merchant fees could not be passed along to the consumer. Earlier this year, a change in regulation meant these fees would now be passed on to the consumer [0]. I foresee a future where there will be two prices (1) Payment w/o credit card and (2) Payment wit…
I foresee a future in which the "EC card" (please let's call it Girocard, because that's it's name) ceases to exist in a few years.
Banks are already in the process of issuing Visa or MasterCard debit cards to customers as top-of-wallet product, and issuing girocards only on request, sometimes also with additional fees. Visa/MC debit cards have much easier integration with Apple and Google Pay. And they can be used online, and are easier to be used internationally, as they are accepted in most places where Visa/MC credit cards are accepted, too.
The recent deprecation of the Maestro card scheme by MasterCard, which has been co-badged on virtually every Girocard for many years and which allowed the cards to be used during international trips in most countries, has only resulted in aforementioned moves of banks away from the Girocard to be accelerated.
If the EPI does not quickly come up with a card scheme that is a) very very cheap for merchants and b) rolled out quickly in all of Europe, the debit card market in Germany will fall into the hands of Visa and MasterCard. That's just how it is, unfortunately.
The bad joke behind all of this is that this entire outcome has essentially been kick-started by the European Union moving to cap interchange fees on Visa/MC debit and credit transactions - a move against Visa and MC, but one that backfired and opened the doors for national card schemes to essentially be eaten alive by those very two actors. That's because that move made these transactions cheap enough for many big merchants to start accepting these cards in the first place. Before the cap, those rates were outrageously expensive, and virtually nobody outside of the travel business accepted them.
Re: Amazon to stop accepting UK Visa credit cards
#488Earlier quoted context omitted.
They have, but it only applies in the same jurisdiction. So it still applies to intra-UK transactions and to intra-EU transactions. But not to transactions between the two.
Ah, that makes sense. Annoying, but makes sense.
FWIW It's also 1.5% between Switzerland and the EU.
Re: Amazon to stop accepting UK Visa credit cards
#489Re: Amazon to stop accepting UK Visa credit cards
#490Earlier quoted context omitted.
"We“ don‘t. In the EU, the base fee is capped at 0.2% (debit) and 0.3% (credit) which sounds reasonable for what they provide.
Doesn't translate to real life: "1.45% + € 0.05 per transaction" https://www.mypos.eu/en/pricing-and-fees
Yeah sure, but that‘s all added on by other parties. As far as I know, the layers above VISA/MC are diverse enough (not a duopoly). If that‘s true you could rely on the market to drive down fees if it‘s profitable.