There are other threads on here discussing this but I thought it was important to succinctly set the record straight. Prior to Brexit Visa could only charge a service fee of 0.3%, now post Brexit they charge 1.5%.
Given the corrupt UK Government hasn’t the courage to address this rip off, thank goodness the monopolistic Amazon has. LoL
Tim, I think you struggle with accepting that Brexit is a disaster and that the Cabinet is populated with sycophantic, incompetent arseholes. Once one comes to terms with that I find everything slots into place,
I just bloody explained Tim. Before Brexit the UK was tied into the EU controlled 0.3% credit card charge. Post Brexit Visa UK could charge whatever the wanted and being greedy bastards hence 1.5%. Amazon has told them that UK Visa cards will not be accepted after January 19th and good show IMO.
VISA are an American company who have subsidiaries all over the world. If you live in Singapore and apply for one of their cards it will be supported by and governed by the rules of VISA Singapore and they will set the service charges not VISA UK, please tell me you understand that.
What has VISA Singapore’s or VISA Australia’s decision to raise service charges in those countries got to do with Brexit John.
If you bothered to read the link I posted you’ll see that Amazon have decided to almost wage war against VISA worldwide with VISA UK the latest company to get the ‘eff off’ treatment.
I have never thought or said that Brexit will be anything other than a economic disaster for the UK but you cannot blame it for every business decision that companies make. VISA UK weren’t forced to raise their charges because of Brexit but have merely chosen the freedom from EU rules to fleece customers.
I don’t care what Visa does in other countries Tim, it’s my HSBC UK Visa card I’m thinking of. If Brexit hadn’t happened then Visa couldn’t have jacked up their fees by 400%. I’m glad Amazon is going after them, but in reality it should be the UK Government. 400% fee increase with zero extra cost, that’s scalping IMO.