Amazon may drop Visa as partner on U.S. credit card

Reuters2021-11-18

Amazon.com Inc is considering dropping Visa as partner on its U.S. co-branded credit card after earlier confirming it would stop accepting Visa credit cards in the United Kingdom as a dispute over ...

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精彩评论

sjcy
2021-11-18
sjcy
Visa's stock price dropped significantly. People selling the rumour?
Chillman
2021-11-18
Chillman
Ok
3d468733
2021-11-18
3d468733
Ok
Ermmmmmm
2021-11-18
Ermmmmmm
Will it benefit PayPal ?
WeiChyi
2021-11-18
WeiChyi
Like pls
- Chillman:
  Ok
- 3d468733:
  Ok
- Minnieee:
  Ok
MN27
2021-11-18
MN27
Like pls
- cassan:
  Ok

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Mastercard and American Express did not respond to requests for comment.\nEarlier, shares of Visa closed 4.7% lower after Amazon said it would stop taking payments from Visa credit cards in the UK from Jan. 19, 2022. In a statement, it said such charges should be \"going down over time with technological advancements, but instead they continue to stay high or even rise.\"\nIn recent months, Amazon has introduced surcharges on customers using Visa credit cards in Singapore and Australia, citing high fees, as the relationship between the two firms deteriorated.\nSince Britain's exit from the European Union, an EU-enforced cap on fees charged by card issuers is no longer in place in the UK, meaning providers are free to hike charges.\nVisa last month began charging 1.5% of the transaction value for credit card payments made online or over the phone between the UK and EU, and 1.15% for debit card transactions, up from 0.3% and 0.2%, respectively.\nThe average credit card processing fees across the industry range between 1.5% and 3.5% of each transaction, according to analysts.\nHistorically, retailers had accepted processing charges by major credit card firms as the cost of access to their huge network of card users, analysts said, but that could be changing.\nThe move marks an \"important turning point in the payments industry,\" said Laura Hoy, equity analyst at Hargreaves Lansdown, adding Amazon may hope to drive more customers to its own payments system.\n\"Ultimately, we think Amazon has the edge in this game of chicken - whether customers adopt its own payment system or Visa gives in and lowers its fees, either is a win for the retail giant,\" Hoy said.\nIn the past, other big retailers have settled fee disputes with Visa after announcing they were going to quit taking Visa credit cards in narrow segments of their businesses.\nWalmart Inc's(WMT.N)unit in Canada, for example, said in 2016 it would stop accepting Visa credit cards after being unable to reach an agreement on fees. Seven months later the companies said they had settled the matter after about 20 stores stopped taking Visa cards.\nAmazon customers can still use Visa debit cards, Mastercard and Amex credit cards, and Eurocard, in the UK, Amazon said in a note to customers.\nVisa said in a statement it was \"disappointed that Amazon is threatening to restrict consumer choice.\"\n\"We continue to work toward a resolution, so our cardholders can use their preferred Visa credit cards at Amazon UK without Amazon-imposed restrictions come January 2022,\" Visa added.\nShares of rival Mastercard dropped 2.8% on Wednesday. Amazon shares rose 0.2%. American Express shares closed 0.7% lower.\nThe British Retail Consortium said other retailers in the United Kingdom faced higher charges for cross-border payments, following Britain's departure from the European Union.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":878245382,"gmtCreate":1637200861073,"gmtModify":1637200861424,"author":{"id":"3574851563436207","authorId":"3574851563436207","name":"sjcy","avatar":"https://static.tigerbbs.com/487e7915540a102784b62ddbbb7208f1","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Visa's stock price dropped significantly. People selling the rumour?","listText":"Visa's stock price dropped significantly. People selling the rumour?","text":"Visa's stock price dropped significantly. People selling the rumour?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878245382","repostId":1196675412,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":878282882,"gmtCreate":1637197701573,"gmtModify":1637197701682,"author":{"id":"3558275010133966","authorId":"3558275010133966","name":"Chillman","avatar":"https://static.tigerbbs.com/26d692768260a0369516e9c9a49897ec","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878282882","repostId":1196675412,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":878216004,"gmtCreate":1637196674855,"gmtModify":1637196674982,"author":{"id":"3581837992294791","authorId":"3581837992294791","name":"3d468733","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878216004","repostId":1196675412,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":878210703,"gmtCreate":1637196267392,"gmtModify":1637196267599,"author":{"id":"4087557783698070","authorId":"4087557783698070","name":"Ermmmmmm","avatar":"https://static.tigerbbs.com/b89bbeb73fe9212f0b5efc7185ae8a51","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Will it benefit PayPal ?","listText":"Will it benefit PayPal ?","text":"Will it benefit PayPal ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878210703","repostId":1196675412,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":878297211,"gmtCreate":1637195363910,"gmtModify":1637195364136,"author":{"id":"3582053708073909","authorId":"3582053708073909","name":"WeiChyi","avatar":"https://static.tigerbbs.com/1215c6c4b4962560ae3ef6fe8d752a11","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like pls","listText":"Like pls","text":"Like 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 Ok","text":"  Ok","html":"  Ok"},{"id":6622051,"gmtCreate":1637195754335,"gmtModify":1637195754437,"authorId":3582022732313453,"author":{"id":3582022732313453,"authorId":3582022732313453,"name":"Minnieee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":878297211,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":878291824,"gmtCreate":1637194811955,"gmtModify":1637194812087,"author":{"id":"3585973860502184","authorId":"3585973860502184","name":"MN27","avatar":"https://static.tigerbbs.com/0a11b544b50a084b6af0533c0b412c51","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like pls","listText":"Like pls","text":"Like 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