Mastercard to raise fees for EU purchase (1 Viewer)

[emjaiuk]

I particularly didn't like the bit about Amazon

Mastercard to push up fees for UK purchases from EU

The move sparks concerns that customers could see prices rise if merchants pass on the higher cost.

www.bbc.co.uk

Never mind, we've got our freedom back

 

[SpeedyDux]

I particularly didn't like the bit about Amazon

Mastercard to push up fees for UK purchases from EU

The move sparks concerns that customers could see prices rise if merchants pass on the higher cost.

www.bbc.co.uk

Never mind, we've got our freedom back

The card issuers have form:

Supreme Court finds for retailers against MasterCard and Visa in competition claim

Supreme Court finds for retailers against MasterCard and Visa in competition claim

www.cms-lawnow.com

 

[ChrisSue]

Oh wow a story about the downside of the B word on the BBC

 

[funflair]

So Amazon could move their UK sales processing to the UK and it will be OK.

 

[ctc]

Liz Truss recommends moving to the EU to avoid the problems.

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[Gizmouk]

So Amazon could move their UK sales processing to the UK and it will be OK.

That'll scupper their tax evasion grand master plan

 

[Sapper520]

Nissan appear to be taking advantage.......not picking sides, just a story that only got brief mention considering they’ve invested £4Billion to take their UK development and production forward.

Like I say, not picking sides just looking forward.

 

[RidersofRohan]

That'll scupper their tax evasion grand master plan

Imagine that Amazon paying tax!
Worth any amount of downside if Bre*it achieved that!

Buy from Amazon
Pay to Luxembourg
Deliver from Doncaster.
Level playing field my arrrs.

 

[violet]

Never mind, we've got our freedom back

Did you mean 'fee'dom?

 

[Boris7]

The UK has left the EU so no EU deals apply to the UK.

Seems that people are not getting this message.

What ever your politics, this is NOT a political conversation anymore it’s reality get on with it

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[Ernesto]

Be interesting to see what MasterCard did, if half their customers switched to Visa....

 

[tuscancouple]

Be interesting to see what MasterCard did, if half their customers switched to Visa....

So you don't think Visa will do the same? They will have an obligation to their shareholders to maximise profits, so I would expect something similar soon.

Mick

 

[westhamman]

We have been properly left for 22 days. There are going to be early issues, we had been warned. In a few years we will have forgotten about most of them. Do you think we will have a vote in the future on joining the EU or allowing Scotland to rejoin the UK having left but not happy at the extra taxes.

 

[Ernesto]

So you don't think Visa will do the same? They will have an obligation to their shareholders to maximise profits, so I would expect something similar soon.

Mick

They wouldn’t if people switched in vast numbers....but reality is, people won’t switch...and retailers will absorb it and pass it on.....so visa probably will follow. People don’t seem to switch financial products (bank accounts, credit cards etc) very often.

 

[Cheshirecat57]

That'll scupper their tax evasion grand master plan

Careful, its not evasion
( even though I agree)

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[Cheshirecat57]

Nissan appear to be taking advantage.......not picking sides, just a story that only got brief mention considering they’ve invested £4Billion to take their UK development and production forward.

Like I say, not picking sides just looking forward.

Wonder why that didnt get a good news story ? Any suggestions?

 

[Sapper520]

Wonder why that didnt get a good news story ? Any suggestions?

Brexit: Nissan commits to keep making cars in Sunderland

The Japanese car maker has told the BBC its Sunderland plant is secure for the long term.

www.bbc.co.uk

 

[Grumpyfrog]

Just how long do you think before banks charge a fee for personal current accounts that don't include any benefits?

 

[spongebob]

Wonder why that didnt get a good news story ? Any suggestions?

Because it looks like Nissan had a 80 million pound sweetner to stay in the U.K.

 

[orridge]

Nissan appear to be taking advantage.......not picking sides, just a story that only got brief mention considering they’ve invested £4Billion to take their UK development and production forward.

Like I say, not picking sides just looking forward.

Yes they are looking forward to there 86million bailout and reduction in Workers rights.

Because it looks like Nissan had a 80 million pound sweetner to stay in the U.K.

And soon to be followed with reduced workers rights.

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[Cheshirecat57]

Because it looks like Nissan had a 80 million pound sweetner to stay in the U.K.

Good
We need to do more of that

 

[busby]

Just how long do you think before banks charge a fee for personal current accounts that don't include any benefits?

Well most do in Spain so it will probably spread.BUSBY

 

[Sapper520]

Oh well, was worth a try at moving on......doesn’t matter what I voted, I just recognise moving on is the only way forward. You could say the EU is using their might as a cartel, as per the news today, but what would be the point (just using it as an example, not a point of view).........dipping out here.

 

[Boris7]

Oh well, was worth a try at moving on......doesn’t matter what I voted, I just recognise moving on is the only way forward. You could say the EU is using their might as a cartel, as per the news today, but what would be the point (just using it as an example, not a point of view).........dipping out here.

The EU didn’t make the decision, they are not using credit cards to hit us brits, we weren’t kicked out we chose to go, no point moaning now, your right the only option is to move on

 

[Stretto Boy]

I note that the BBC article contains this comment from MasterCard:

They appear to be saying - or at least implying - that this huge increase in fees is somehow an inevitable consequence of B****t. That is disingenuous.

The only effect of us leaving the EU is that MasterCard are no longer bound by the EU limits on the level of fees. MasterCard did not have to wack their fees up, they have chosen to do so because they can. I pass no comment on this, other than to say that their attempt to pretend that this was something that they had to do is pretty shabby.

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[autorouter]

Oh well, was worth a try at moving on......doesn’t matter what I voted, I just recognise moving on is the only way forward. You could say the EU is using their might as a cartel, as per the news today, but what would be the point (just using it as an example, not a point of view).........dipping out here.

Yes, the EU used their might as a cartel to cap the charge rate on credit cards. Now we're free of those massive restrictions, I see the UK is using its might to do the same thing.as well. That's going well, isn't it.

 

[Peter and Julie]

Yes they are looking forward to there 86million bailout and reduction in Workers rights.

And soon to be followed with reduced workers rights.

Where does it say reduction of workers rights??? You a UNION man?

 

[Cheshirecat57]

Sapper520 I think you and I are “across the fence” from each other, but it is interesting our common ground is that moving on is proving harder than would be ideal, and we both feel the need to leave threads like this that seem to plummet quickly

 

[gus-lopez]

Be interesting to see what MasterCard did, if half their customers switched to Visa....

Do all the monthly bills for both of them for the EU still come from Southend-on-sea?

 

[Ernesto]

Just how long do you think before banks charge a fee for personal current accounts that don't include any benefits?

Right up until the point they think they can get away with it without losing too many of the customers they want.
That‘s the beauty of a free market - but we all have to make sure we’re on the ball and moving when we should

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