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Amazon Australia started charging fees to pay via Visa starting this month. No fees for Amex or mastercard.
by mission_failed 5y ago
Amazon Australia started charging fees to pay via Visa starting this month. No fees for Amex or mastercard.
- refurb 5y agoNot that it’s a big market but Amazon Singapore had also added a fee to visa transactions starting last month. I assume Amazon tried to leverage the tens of billions in purchases (across regions) to get a better fee structure from Visa and Visa said “no”. No different than Costco dropping their long-standing Amex agreement in favor of Visa in the US a fewer years back. “Kill the chickens to teach the monkeys” as they say in Singapore. Now other companies know Visa is willing to tell the likes of Amazon “no”. Lesser companies won’t even ask.