Just had an email to say that my Tymit card will no longer be accepted for payment at Amazon as it is a Visa card and Visa charge too much. They want me to use a different card. Does Tymit have any opinion on this? Any plans to help sort this out?
This was on the news today, and is a potential problem for all Visa credit cards, not just Tymit. The changes are supposed to kick in next year, so the is still time for the 2 corporate giants to iron things out.
I have optional credit cards I can use, or if I donāt need Section 75 protection I can use Curve/Tymit.
Is this another case of large corporations flexing their muscle and p***ing all over the customer in the meantime? Not happy with Amazon at all on this.
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So apparently Amex are charging lower processing fees than Visa? Really?
Amazon make Ā£millions literally every minute of every day and now theyāre quibbling over card fees! Tw*ts!
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Clearly Jeff wants to build another rocket and so he needs a bit more cash to do that. How else can retired āfilm starsā get in to space and help destroy the planet?
Amazonās corporate vision is ā to be Earthās most customer-centric company, ā¦ā¦ā¦ā¦ā
Itās yet another ābenefitā of Brexit - Visa is hiking their fees to crazy levels, effectively ditching fee limits between the UK and EU
So do we now ditch Amazon or do we ditch Tymit?
Neither. We wait for them to reach an agreement. I suspect visa will back down a bit. Theyāve been running with 0.3% fees, so they can probably climb down from 1.5% a bit without real painā¦
It has nothing to do with Amazon or Tymit, it has to do with Visa Greed
Actually, MasterCard announced the same change in fees before Visa did.
They both plan to increase the amount of commission/interchange paid by retailers on transactions made between the EU and the UK.
Why does it affect Amazon? All their sales from Amazon UK are booked by Amazon in Luxembourg not the UK so they can pay less taxā¦
If the sales were booked in the UK, the change in fees wouldnāt affect them.
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Iām one step ahead of you. I only ever use Amazon when I absolutely have to. Either because I just canāt find a product elsewhere, or if I can the price difference is too great. And when that happens it really sticks in my craw that I have to use Amazon.
Generally, Iāll gladly pay a little bit more to support non-Amazon retailers. Same goes for ebay.
I reckon my Amazon and eBay purchases combined for the last 5 years are less than Ā£300 in total.
No skin off my nose if Amazon stops accepting UK Visa credit. But they wonāt. Visa and Amazonās mutual greed will eventually level out and theyāll meet somewhere in the middle probably.
Or maybe Visa will capitulate entirely. Either way, just another reason to give Bezos as little of my money as possible!
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Yes, Amex are well known for charging much higher interchange fees than Visa and Mastercard, which is why many places donāt accept it.
But Amazon does.
So while it is very easy to point the finger at Visa and say the are being greedy (and Iāve no doubt they are), itās definitely Amazon causing the fuss.
When Amex charges more than anyone and Mastercard fees have risen comparably, Amazon clearly has some reason they are not disclosing for picking a fight with Visa. Or maybe they think Visa is a soft touch and will give in to their bullying more than Amex and Mastercardā¦
You can use curve to front it as it is mastercard - if you use my link you get Ā£5 plus 1% cashback on (almost) everything for 30 days when you sign-up to Curve 
Referral Promo | Get free cashback on every card
I have a curve card but donāt use it as for me it seems like a really interesting idea as a card but of little value in real life. Have had the curve card for a few years and I think I was put off when a cash withdrawal failed. I felt then that having to carry your bank card in case curve failed seemed to make the whole point of carrying one card a bit pointless. Also, you donāt get the section 75 protection with curve as itās a debit card.
Iām not sure Iām prepared to jump through hoops just because Amazon and Visa are causing issues for customers. Iāll most likely start shopping anywhere other than Amazon unless they start accepting Visa again.
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