Amazon to stop accepting UK-issued Visa credit cards january 2022.

[eddy64]

think amazon and places like paypal are offering their own credit services to boost profits,  more gold pressed latinum for them.

[Mikhail Liebestein]

On 11/19/2021 at 2:34 PM, numnuts said:

Maybe Mastercard are going to be playing the primary role in integrating the biochip with a credit card system? I don't know.

 

 

End of passion play
Crumbling away
I'm your source of self-destruction
Veins that pump with fear
Sucking darkeness clear
Leading on your death's construction

Taste me, you will see
More is all you need
Dedicated to
How I'm killing you

Come crawling faster (faster)
Obey your master (master)
Your life burns faster (faster)
Obey your
Master
Master

Master of puppets, I'm pulling your strings
Twisting your mind and smashing your dreams
Blinded by me, you can't see a thing
Just call my name 'cause I'll hear you scream
Master
Master
<......>

 

My made up lines:

Your cash burns faster

Repay your Master!!!

Your debt grows vaster

Repay your Master!!!

 

 

 

Edited November 20, 2021 by Mikhail Liebestein

[Grumpy Owl]

4 hours ago, eddy64 said:

think amazon and places like paypal are offering their own credit services to boost profits,  more gold pressed latinum for them.

 

Paypal, as well as being a payment processor, is also technically a 'bank'.

 

Websites that use PayPal as a payment processor allow payments to be made, regardless of whether you have a Paypal account or not - you can sign in to your Paypal account, or just pay with a credit or debit card as a 'guest'.

 

As with other credit/debit card payment processors, merchants do get charged fees by PayPal.

 

I've had a PayPal account for years now - of course it used to be owned by eBay and was up until recently the only secure way you could pay for purchases from that marketplace. When you set up a PayPal account, you link either your bank account details, or a credit/debit card, and you are able to hold a 'balance'. Payments you receive sit in your balance until you withdraw them to your bank account. You can make purchases with payments taken from your balance, and if there are insufficient funds in your account, the payment is requested from your bank account by direct debit.

 

As I've mentioned earlier, I no longer have any credit cards, and do not live in debt. However credit card purchases are usually subject to a level of protection, unlike debit card purchases. When buying stuff online, if Paypal is available as a payment method I will use that, rather than just entering my card details, as buyers are afforded great levels of protection.

 

Oh and yes, PayPal is now also offering credit services and 'lending' people money. No thanks. But on some purchases I do get an option to 'Pay after delivery', whereby I can make a purchase and the funds are not requested until after 14 days (at no extra charge) which can come in handy towards the end of the month.

 

On the subject of eBay, as I mentioned earlier, they offloaded PayPal a few years ago, and last year set themselves up as a payment processor with 'eBay Managed Payments'. So when buying through eBay, your money no longer goes directly to the seller, it is collected by eBay, and they then (after a few days) deduct their fees and pass it on. You can of course still pay with your PayPal account, but this goes to eBay's own PayPal account, rather than to the seller's.

 

So would Amazon go down the Paypal route and try to set itself up as its own 'bank'? Maybe at some point they will (if they haven't done so already), but offering 'credit' does incur a level of risk.