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The email I just received from Amazon states Visa's fees as the reason. I don't know what the relative !market shares are, but Visa credit cards are incredibly
by noneeeed 5y ago
The email I just received from Amazon states Visa's fees as the reason. I don't know what the relative !market shares are, but Visa credit cards are incredibly common here. I'd say more than half the credit cards I've ever had have been visa.
- Bobylonian 5y agoI think, that the information provided here is true. From the information I have gathered from sources that are running their small retail businesses, my take is that VISA is offering charge in tiers - for example(number are exagerated and hypothetical): tier 1: 1- 10 000 - 3,5% tier 2: 10 000 - 100 000 - 3% tier 3: 100 000 - 1 000 000 - 2,5% etc. you get the idea, so if VISA credit has low transaction count, then expenses for the transactions are a lot higher than for VISA debit transactions - if the user base for VISA credit is couple of tiers lower than for rest of cards, it makes sense for these "rare" users to switch to other cards, so Amazaon does not have to subsidize their loss of income from VISA credit cards.