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Amazon UK vs Visa + Amazon in Talks to Switch Co-Brand Card to Mastercard From Visa

Remedios
Moderator

Re: Amazon UK vs Visa


@5julio6 wrote:

hi,


@Remedios wrote:

Original post edited to add news article, otherwise Smorg (not that it's a bad thing). 

@longtimelurker  if you wish to cite a different source, feel free to edit link 



where the original post was made?


Original post is the one thread starts with, so that would be the first one. 

Message 11 of 16
SilverSmith
Established Contributor

Amazon in Talks to Switch Co-Brand Card to Mastercard From Visa

Amazon in Talks to Switch Co-Brand Card to Mastercard From Visa

Amazon.com Inc. is considering shifting its popular co-brand credit card to Mastercard Inc. amid simmering tensions with Visa Inc., a feud that already prompted the retailer to ban the payment giant’s cards in the U.K. starting next year. 

 

https://www.bloomberg.com/news/articles/2021-11-17/amazon-brings-visa-feud-to-u-s-with-mastercard-de... 

 

This is an escalation on the previous Amazon / Visa feud with UK fees.

 




~Is it 2023 yet?~
Message 12 of 16
simplynoir
Community Leader
Super Contributor

Re: Amazon in Talks to Switch Co-Brand Card to Mastercard From Visa

I have no dog in this race but I find it hilarious that Visa is upset about a possible network change when they did this to AMEX when the Costco contract was up for grabs like the article pointed out. First world problems at its finest

Message 13 of 16
Adkins
Mega Contributor

Re: Amazon in Talks to Switch Co-Brand Card to Mastercard From Visa


@simplynoir wrote:

I have no dog in this race but I find it hilarious that Visa is upset about a possible network change when they did this to AMEX when the Costco contract was up for grabs like the article pointed out. First world problems at its finest


^This. 

Last HP 08-24-2021



Message 14 of 16
longtimelurker
Mega Contributor

Re: Amazon in Talks to Switch Co-Brand Card to Mastercard From Visa


@SilverSmith wrote:

Amazon in Talks to Switch Co-Brand Card to Mastercard From Visa

Amazon.com Inc. is considering shifting its popular co-brand credit card to Mastercard Inc. amid simmering tensions with Visa Inc., a feud that already prompted the retailer to ban the payment giant’s cards in the U.K. starting next year. 

 

https://www.bloomberg.com/news/articles/2021-11-17/amazon-brings-visa-feud-to-u-s-with-mastercard-de... 

 

This is an escalation on the previous Amazon / Visa feud with UK fees.

 


I wonder if (assuming it's not just a bargaining position) this would be part of the rumoured  switch from Chase as well as from Visa

Message 15 of 16
ChargedUp
Senior Contributor

Re: Amazon in Talks to Switch Co-Brand Card to Mastercard From Visa

While Costco shoppers can still use cash or check at it's checkstands, Amazon is solely dependent on electronic payment venues. Blocking out one of the largest networks in the world seems quite counter-intuitive.

 

I get the frustration of paying "card not present" fees when a company has taken steps to keep fraud issues at such a low level, but ending Visa acceptance seems like it will cost Amazon much more than it will Visa, even if just in the UK. Going the Costco route and making a deal with Visa for sole acceptance would likely be even more costly in the long run.

 

Changing the co-branded Amazon Visa to MC (or even Amex or Discover) could bring Visa to the bargaining table (I have no idea how many Amazon Visa's from Chase are floating around out there, but I'm fairly certain it's in the millions.) I don't see Chase having an issue with flipping the cards to MC if it came down to it, but there are likely other issues surrounding Amazon shopping for a new card backer besides the Visa issue itself.

AODFCU 3% Visa ($10K), Amex PRG (NPSL), Amex Blue Cash ($27K), Amex Simply Cash+ ($4K), Amex Business Cash ($22.5K), Discover ($29.7K), Cap 1 Union Plus MC ($2750), Chase FU Visa Sig ($12K), Chase F Visa Sig ($8.3K), Chase CSP Visa Sig($6.5K), FCB/Elan Rewards Visa Sig($15K), Buckle ($1.3K), BofA AAA Rewards ($84.5K), Paypal credit ($10K), BBVA Clearpoints ($7.5K), Cap 1 Savor ($13K), PenFed PCR ($5K), Bank of the West CB MC ($3K), PNC Cash Rewards ($14K), NASAFCU Rewards Visa ($20K), BOC/Elan Max Cash MC ($25K), BoA Business Customized Cash Rewards MC ($8k), Chase Amazon Visa ($35K)
Message 16 of 16
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