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First direct (HSBC) has recently switched from Visa to Mastercard. The switch felt sudden, and I wouldn’t be surprised if it was due to negotiation that fell th
by pornel 5y ago
First direct (HSBC) has recently switched from Visa to Mastercard. The switch felt sudden, and I wouldn’t be surprised if it was due to negotiation that fell through.
- PaulKeeble 5y agoBut so far only on it debit cards, it still offers visa credit cards.
- dazc 5y agoI have John Lewis credit card , which is essentially branded HSBC, and it is Mastercard.
- Crosseye_Jack 5y agoNatwest are also swapping to MasterCard debit once cards expire. I just presumed the issuing bank had negotiated a more favourable interchange rates than using Visa. (MC taking less of a cut of the final fees then Visa, so the banks getting a higher precentage of the fees then they would have sticking with Visa. Lets say MC gave away 5% of their cut to the banks, keeping 95% of the your slice of the pie when you are processing more pies is more than 100% of your slice of fewer pies if you get what I mean).