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Great work Visa, now I hate you

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Re: Great work Visa, now I hate you

#201

Post by roel_v »

nopassrecover wrote: post #145
dangrossman wrote: post #117

Earlier quoted context omitted.

> I simply can't understand how it could be viewed positively by any consumer Visa's market research suggests a significant increase in Visa usage and Visa brand value among consumers aware of their Olympic sponsorship (which has been ongoing since 1986, and already committed through the next 4 Olympics games): > According to the U.S. Sponsorship Tracker, a Visa commissioned study following the Vancouver 2010 Olympic…

> Visa's market research suggests a significant increase in Visa usage and Visa brand value among consumers aware of their Olympic sponsorship. Couldn't this be that heavy-Visa users notice the company's sponsorship and usage more generally? This doesn't really prove that Olympics sponsorship increases usage. > The same report found Visa’s brand equity was higher among consumers who were aware of Visa’s sponsorship.…

"Again, couldn't it just be that the kinds of people who notice that Visa sponsors things are the kinds of people who already like Visa?"

Could be, but it's highly unlikely that a company who does surveys as its core business doesn't know this and tries to control for it, or at least explain it in they methodology section of the report they deliver.

Re: Great work Visa, now I hate you

#202

Post by roel_v »

jarek wrote: post #183
AJ007 wrote: post #142

Earlier quoted context omitted.

Just because consumers accepted something in the past does not mean they will accept it in the future. For example, in the past when I found a flashy new b2b service I would grumble when I couldn't find a price list and continue my research. Now, when I visit a company's page and there are no listed prices, I immediately close the tab and forget about it. Saying "We only accept Visa" is like saying "We only serve whi…

Before you go off about ethnic and class privilege, you did read the article and note that cash is accepted, right?

Why let facts get in the way of a good old 'help help I'm being repressed! did you see him repressing me?' rant?

Re: Great work Visa, now I hate you

#203

Post by i386 »

metachris wrote: post #200
apike wrote: post #195

Earlier quoted context omitted.

In Canada, debit cards are run by a not-for-profit venture founded by the major banks called Interac. Everybody's standard ATM bank card is usable as a debit card. This is the most common method of payment in the country.

It's the same in Europe.

And Australia (EFTPOS)

Re: Great work Visa, now I hate you

#204

Post by roel_v »

lsc wrote: post #188
FreakLegion wrote: post #175

Earlier quoted context omitted.

Why get rid of your credit cards? As long as you pay the balances in full every month, a modest selection of credit cards can easily lower your expenses by 3%, if not more. You can also accumulate a fair bit of free spending by trading out old cards for new ones with signing bonuses. Think of it like a free, untaxed $3-4,000 bump in salary.

untaxed? really? I thought you were supposed to report and pay taxes on all income.

Discounts are not income.

Re: Great work Visa, now I hate you

#205

Post by hkolk »

jiggy2011 wrote: post #144
cs702 wrote: post #97

Earlier quoted context omitted.

Consumers learn something crucial from this marketing campaign: that American Express and certain other credit cards are NOT accepted by some merchants, so it's a good idea to get and always carry a Visa card -- by implication, the only card accepted everywhere.

The problem is that everyone know that other cards are accepted everywhere apart from the olympics, or at least Mastercard is. This is more like BMW deciding to sponsor the construction of a road and only allowing their cars to pass.

In a rural town in the UK I tried to get some money of my Mastercard on a Visa-branded machine. Didn't work. A friend tried with a Visa card and that worked like a charm. It sounds more like a common practice in the UK.

Denmark had something similar with Visa as well. Apparently it works since I am now very likely to get a Visa-card next to my Mastercard for those just-in-case situations.

Re: Great work Visa, now I hate you

#206

Post by namdnay »

rickmb wrote: post #189

Although I agree it's annoying and negative marketing, it's also being completely overblown here. This stuff is just a minor marketing gimmick. Paying with credit card is in itself rare in most of the world outside the US, where debit cards and cash are way more common. My guess is, 95% of all locals and non-US visitors automatically pay with cash and don't even notice the Visa-only signs. Not having the local curren…

> debit cards and cash are way more common

The restriction was on both credit and debit cards (people refer to both as "credit cards" in many European countries).

>95% of all locals and non-US visitors automatically pay with cash

Hardly. Most tollbooth lanes in Europe only take plastic, self-service checkout lanes at supermarkets only take plastic. It is completely normal to pay for anything worth more than a few euros with a card.

Re: Great work Visa, now I hate you

#207

Post by corin_ »

hkolk wrote: post #205
jiggy2011 wrote: post #144

Earlier quoted context omitted.

The problem is that everyone know that other cards are accepted everywhere apart from the olympics, or at least Mastercard is. This is more like BMW deciding to sponsor the construction of a road and only allowing their cars to pass.

In a rural town in the UK I tried to get some money of my Mastercard on a Visa-branded machine. Didn't work. A friend tried with a Visa card and that worked like a charm. It sounds more like a common practice in the UK. Denmark had something similar with Visa as well. Apparently it works since I am now very likely to get a Visa-card next to my Mastercard for those just-in-case situations.

I can't think of a time in the last decade when I've seen a card reader or cash machine that didn't accept Visa and Mastercard (I'm in the UK).

Re: Great work Visa, now I hate you

#208

Post by corin_ »

metachris wrote: post #200
apike wrote: post #195

Earlier quoted context omitted.

In Canada, debit cards are run by a not-for-profit venture founded by the major banks called Interac. Everybody's standard ATM bank card is usable as a debit card. This is the most common method of payment in the country.

It's the same in Europe.

Not in the UK... most of our debit cards are Visa or MasterCard

Re: Great work Visa, now I hate you

#209

Post by UnoriginalGuy »

hkolk wrote: post #205
jiggy2011 wrote: post #144

Earlier quoted context omitted.

The problem is that everyone know that other cards are accepted everywhere apart from the olympics, or at least Mastercard is. This is more like BMW deciding to sponsor the construction of a road and only allowing their cars to pass.

In a rural town in the UK I tried to get some money of my Mastercard on a Visa-branded machine. Didn't work. A friend tried with a Visa card and that worked like a charm. It sounds more like a common practice in the UK. Denmark had something similar with Visa as well. Apparently it works since I am now very likely to get a Visa-card next to my Mastercard for those just-in-case situations.

That story makes no sense. We don't have "visa branded" cash machines. They're all run by third party merchants and they universally support something called LINK which allows all the major card vendors to hook in.

I'm sure your card failed to work but I doubt it had anything to do with a big Visa logo on the machine.

Re: Great work Visa, now I hate you

#210

Post by rahoulb »

hartez wrote: post #131
ww520 wrote: post #130

Earlier quoted context omitted.

Why do McDonald not want to serve french fries? People love fries. And it's a big profit center for McDonald anyway.

I think they meant that no one except for McDonald's was allowed to serve french fries (or anything similar to a french fry).

That also gets me - anyone who's ever had fish and chips will know that the chips may be fried potatoes but totally unlike McDonald's french fries.
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