321–330 of 534 posts
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"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
Maybe look at Adyen instead.
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Monzo. It's the default in fact, since in order to get an overdraft you need to do a credit application.
There's a difference between having an arranged overdraft, and being able to have a negative balance (also known as an unarranged overdraft). Monzo's own help pages explicitly state that your balance can go into the negative, because offline debit card payments will not be rejected. They'll also gladly take you into the negative if you owe them money (e.g. through a Monzo Plus or Premium sub, or use their Flex servic…
https://monzo.com/help/overdrafts-loans/unauthorised-overdra...
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Amex grants significantly higher credit limits than most banks. Londoners like to live an aspirational lifestyle in a hugely-overpriced city.
Really? Sure it doesn't have to do with the bank backing it? My Amex card has the second lowest limit of all my credit cards at a measly $6,500 whereas I have other cards with $30,000, $25,000, and $20,000 limits. Only one lower is my target card but they are known for having low limits.
I cannot believe that Visa transaction overhead would be higher than Amex - there's something going on behind the scenes here. I don't think this is the end of it either, it smells like a negotiation threat. Visa have a larger market share overall (80%, including debit cards [1]) but Mastercard leads in credit cards. Amex has always been fairly niche because it's not accepted everywhere. [1] https://www.statista.com/…
> "I cannot believe that Visa transaction overhead would be higher than Amex - there's something going on behind the scenes here." Especially considering that card transaction fees (in the EU and UK) are capped by the Interchange Fee Regulation (IFR) [1] But I suppose Amazon processes card payments in such huge volumes that they expect to get rates below the cap limits (0.2% for debit cards and 0.3% for credit cards)…
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Status symbol?
I had my wallet nicked in Padstow on the last day of a trip there and was just about take the 3.5 hour drive home. Problem was I didn't have enough fuel to make it. My CC providers took ages to even answer the phone and cancel the cards. Amex dealt with it a just a few mins, arranged to courier a replacement card to me by the next day and authorised a fuelling stop for me on my way home. I'll never be without one, ev…
I cannot believe that Visa transaction overhead would be higher than Amex - there's something going on behind the scenes here. I don't think this is the end of it either, it smells like a negotiation threat. Visa have a larger market share overall (80%, including debit cards [1]) but Mastercard leads in credit cards. Amex has always been fairly niche because it's not accepted everywhere. [1] https://www.statista.com/…
Quite the opposite in the UK, at least over the last 10 years or so. 99% of debit cards are Visa, and most people buying stuff on Amazon would be using a debit card, folks only really use credit cards for large purchases and things like travel, here. Even when it comes to credit cards, I would say Mastercard has like a large chunk - like 80% in terms of institutions (but who knows in terms of actual customers), I wou…
This is delusional - the British have as many credit cards as people, £56.5 billion on credit cards, and 40% of credit card transactions were contactless, so certainly not large purchases.
I cannot believe that Visa transaction overhead would be higher than Amex - there's something going on behind the scenes here. I don't think this is the end of it either, it smells like a negotiation threat. Visa have a larger market share overall (80%, including debit cards [1]) but Mastercard leads in credit cards. Amex has always been fairly niche because it's not accepted everywhere. [1] https://www.statista.com/…
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From: "Amazon.co.uk"
Subject: Visa credit cards will not be accepted, starting 19 Jan, 2022
Date: Wed, 17 Nov 2021 09:15:34 +0000
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2021 Amazon.co.uk is a trading name for Amazon EU Sarl, for Amazon Media EU and for Amazon Services Europe Sarl, all of which have their registered office at 38 avenue John F. Kennedy, L-1855 Luxembourg.Earlier quoted context omitted.
> Never owned a credit card, don't have the slightest wish to do so. Bizarrely, never owning a credit card will negatively impact your credit rating.
Such a broken system..... I have to spend everything on a credit card, then when i get home from shopping 45 minutes later go and pay it off using a debt card. Its so unfriendly for the consumer.
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I don't think that's really true outside of the US.
No, it's true in the UK. I had this issue, and had to get a credit card and buy stuff on it for a year... basically without using credit you may not have a credit rating. I always lose my cards and have to get them replaced, so have been back on just a debit card for a few years now.
Only since then have I actually had anything on my credit report (monthly broadband payment, phone contract, monthly car insurance payment because I didn't want to keep paying the whole 3k up front every year after moving out, etc) and despite that the score has remained unchanged.
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Here's why: two debit cards, one for receiving money, one for spending money. Automated payment from the 1st one to the 2nd one once a month with a fixed amount you expect to spend in a month. Nothing to pay off, you're spending your own money, can't be overcharged, can't go below zero, if someone leaks your spending card they can't touch the majority of your money, no scummy business practices. Never owned a credit…
> Never owned a credit card, don't have the slightest wish to do so. Bizarrely, never owning a credit card will negatively impact your credit rating.