Skip to main content

Featured Post

What types of ads can be used in media campaigns?

 What types of ads can be used in media campaigns? Advertising is at the fore in the marketing mix, which creates brand awareness and increases sales. There are many types and forms of advertisements, to serve all commercial purposes, and penetrate into various marketing channels. What are the most prominent types of ads that you can use to promote your products or services? What are the advertising success factors that will help you achieve your marketing goals? What is advertising? Advertising is a paid means of communication through which brands target customers, and it is one of the pillars of the marketing strategy adopted by companies to highlight their brand, and through it they seek to influence the target audience, and it is the cornerstone for launching any advertising campaign for these companies through their marketing channels. For this, companies purchase the so-called advertising space to promote their services, products or brand through advertising media such as: ra...
1 comment

Amazon accepts Visa credit cards in global truce over fees

 



Reuters, 17 February - Amazon.com Inc (AMZN) has agreed to accept Visa Inc (V.N) credit cards across its network, putting an end to a stalemate between the two that threatened to disrupt e-commerce payments and give a blow to the U.S.-based payments processor.


The terms of the agreement were not released, but Visa and other payment cards have been under heightened scrutiny for their fees as more people have turned to the internet to shop during the pandemic. The squabble had underscored merchants' growing clout in the fee war.


After previously declaring that it will cease taking Visa credit cards in the UK due to excessive transaction fees, Amazon stated in November that it was considering eliminating Visa as a partner on its U.S. co-branded credit card.

According to a statement released by Amazon on Thursday, customers will be able to continue using Visa credit cards in its stores.


Neither party stated what fees will be levied in the future, an issue that has risen to the fore in the United Kingdom after an EU-mandated cap on card fees was lifted following Brexit.

Some experts saw the conflict between Amazon and Visa in the UK as a negative omen for the card industry, arguing that it could foreshadow a struggle in the much larger US market.


After the country's payments authority found no evidence to justify the increases, British legislators announced last month that they would investigate increases in the fees Visa and Mastercard charge businesses.

Visa began charging 1.5 percent of transaction value for credit card purchases made online or over the phone between the UK and EU in October, up from 0.3 percent and 0.2 percent, respectively.

According to researchers, average credit card processing fees in the sector range from 1.5 percent to 3.5 percent.


In the past, retailers considered credit card processing fees as an unavoidable cost, but this may be changing as a result of technological advancements and more consumer choice in the payments sector.




According to payments giant WorldPay, credit cards will account for a third of North American e-commerce spending in 2020, but mobile payment solutions like Venmo and "buy now, pay later" (BNPL) financing schemes are gaining traction.


While alternative payment methods have been on the rise for some time, the epidemic has accelerated a decreasing trend in credit card applications, boosting the popularity of BNPL financing.


According to WorldPay, credit cards' proportion of North American e-commerce spending fell 7% last year, while BNPL's share grew.78%

Other large retailers have settled fee issues with Visa in the past after announcing that they would no longer accept Visa credit cards in certain areas of their companies.


For example, Walmart Inc.'s (WMT.N) Canadian unit said in 2016 that it will stop taking Visa credit cards due to a lack of agreement on fees. After seven months, the corporations announced that they had reached an agreement.


Visa expressed its delight at the achievement of a wide, global agreement with Amazon.


In an email, a Visa representative stated, "This agreement covers Visa acceptance at all Amazon stores and sites today, as well as a mutual commitment to cooperate on emerging product and technology initiatives."


Labels:

Comments

Post a Comment

Popular posts from this blog

What types of ads can be used in media campaigns?

 What types of ads can be used in media campaigns? Advertising is at the fore in the marketing mix, which creates brand awareness and increases sales. There are many types and forms of advertisements, to serve all commercial purposes, and penetrate into various marketing channels. What are the most prominent types of ads that you can use to promote your products or services? What are the advertising success factors that will help you achieve your marketing goals? What is advertising? Advertising is a paid means of communication through which brands target customers, and it is one of the pillars of the marketing strategy adopted by companies to highlight their brand, and through it they seek to influence the target audience, and it is the cornerstone for launching any advertising campaign for these companies through their marketing channels. For this, companies purchase the so-called advertising space to promote their services, products or brand through advertising media such as: ra...
1 comment
Read more

The role of investment banks in moving the wheel of the economy

In the era of the new industrial revolution in the Field of artificial intelligence and technology, the growth of emerging projects has led to a major change in plans aimed at economic development and the promotion of capital in developing and developed countries.  And those emerging projects are closely related to entrepreneurship, which have their role in applying scientific theories and innovations to real applications and tools that people can use on the ground.  When entrepreneurs devise an appropriate way to harness scientific innovations and inventions into value-added products and services, they will have the opportunity to establish the necessary companies and factories to provide these modern services and products, and this will lead to a significant economic impact on countries.  The formation of capital and emerging companies will lead to the creation of new markets with new products, services and technological innovations that will bring investments to the st...
Post a Comment
Read more

Financial Security for Entrepreneurs: 9 Ideas to Get It

 Financial Security for Entrepreneurs: 9 Ideas to Get It The importance of financial security for entrepreneurs appears, in light of the rapid changes that occur in the fields of entrepreneurship, and is heading directly towards the search for protection and safety from market fluctuations and life emergencies. Therefore, searching for ways to achieve financial success is one of the priorities that entrepreneurs seek as a lifeline to achieve freedom and financial security. In this article, we will learn how to reach financial security for entrepreneurs and its importance, and we will review the most important ideas that lead entrepreneurs to achieve financial goals, while researching the areas and advantages of financial security, financial problems and ways to overcome them.  What is meant by physical security for entrepreneurs? Financial security for entrepreneurs is not related to the question of the amount of money or the number of millions that the entrepreneur can have t...
Post a Comment
Read more

The journey of money.. What gives value to currencies?

  In the past, the value of the currency came from the same materials it was made of, such as gold or silver, whose exchange value was similar to their original value, until the problem of “supported currencies” arose, so what happened after that?  At the end of the 19th century, the shortcomings of this system led to the adoption of the so-called "gold standard", a system in which the currency in circulation had no value in itself, but was secured by a similar amount of gold.  Gold standard system  The Spanish "Jordan Mondial" mentioned that the proposal for the gold standard system came with the Bretton Woods Agreements of 1944 under the auspices of the United States.  In that period, the United States emerged from World War II as a major military and economic power in the world, which gave it enough weight for the rest of the countries to accept a system that compares all currencies to the dollar.  This country has pledged to maintain the stable value of...
Post a Comment
Read more

What are the seven quality measurement tools?

 What are the seven quality measurement tools? The seven quality tools are graphic techniques that accurately explain and fix problems related to product quality, as the seven tools of quality control aim to solve about 95% of problems related to products or services, so in order for any business to be sustainable, the quality of the product or service provided must be taken into account. . The quality of the product greatly affects the desired growth of the business, because the labor market today is highly focused on the customer and seeks to provide the best customer experience. Therefore, effective quality management is one of the main factors that guarantee customer satisfaction. The Seven Key Quality Control Tools and Their Importance The concept of the Seven Quality Measurement Tools was first developed by Kaoru Ishikawa, Professor of Engineering at the University of Tokyo. The Seven Quality Measurement Tools are also known as Basic Quality Tools and abbreviated as Seven QC ...
Post a Comment
Read more

Building business website

  Building Business Website ☝️Click on the image now  Don't miss the chance to win $50 to start your online business The Internet has millions of commercial sites, which makes the establishment and launch of an e-commerce site that makes us start planning e-commerce. Ten steps to building business website Planning building business website The first step in planning what is required to work on the Internet is summed up in what is required to work in what is required to work on the Internet. It is required to obtain what is required of it in order to cover the needs and reflect the required information.   ☝️ Click on the picture to get your gift Setting an initial ceiling for the building business website The second step comes in defining a certain initial ceiling of the number of potential customers for the building business website while monitoring a specific geographic market area in which the company has good information about its culture and needs because what can...
1 comment
Read more

7 digital projects you can build with WordPress

 7 digital projects you can build with WordPress WordPress is one of the most popular and used content management systems, as it is characterized by simplicity, security and protection, along with a huge library of plugins and templates that can turn any WordPress site into a distinguished digital project. WordPress provides everything you need to create a digital project, starting with the necessary features for creating and managing sites including user management, an easy-to-use control panel for editing site content and modifying its functionality, in addition to the ability to change the site’s template and design, and installing plugins to expand the site’s features and functionality. In this article, we will review 7 ideas for creating a profitable digital project based on the WordPress platform. Create a blog The first idea that might come to the mind of someone who wants to create a digital project is blogging, as it is one of the simplest projects that can be created base...
Post a Comment
Read more

smart planning engineering

 Among the best sentiments in this world is regularly when you begin acquiring. With this, the shopping agenda extends, look for dream get-away locales is packed on your telephone, and a lot more such exceptionally "significant" augmentations. Also last, unintentionally, the possibility of investment funds hits your brain. In this way, on the off chance that you have procured, it is similarly essential to contribute and use the equivalent appropriately. We as a whole additionally run over arbitrary recommendations for individual budget and some, we might have been after indiscriminately. However, not all guidance is functional. Here are some individual accounting fantasies that should be busted. Legend: Investment funds = Cash to be Kept in Bank account I have begun saving - simply see my reserve funds balance and fixed stores (FDs). It's the most secure spot. Reality: Let's be honest. We continue to dunk into our ledger for various things - including "significan...
Post a Comment
Read more

A financial checklist to finish your tasks quickly and accurately

Worn out? Over it? Prepared for a change? A huge number of individuals are stopping their positions every month in what many have named the "Incomparable Acquiescence." Before you join the mass work departure, do an intensive sweep of your monetary circumstance. That implies, obviously, truly investigating your ways of managing money and any reserve funds you've amassed - you really want a little cover to land you starting with one position then onto the next. It likewise implies taking stock of all that your manager presently finances. Things like medical care, retirement reserve funds, suburbanite advantages and investment opportunities, which you might give up when you exit. "Individuals realize they're leaving a check," says Eric Roberge, a guaranteed monetary organizer and author of Past Your Lounger, a monetary arranging firm in Boston. "In any case, they regularly neglect to consider their support agreement." Utilize this monetary agenda to ...
Post a Comment
Read more

Improve your site now easily through artificial intelligence

 Improve your site now easily through artificial  intelligence ?Do you want your site to appear in search results easily ?Do you want more and more visits to your website without finding any difficulty All you have to do is use Zairp . It is one of the best systems ever that works on A.I System Takes Over All Your SEO Work Zairp is the First and Only Fully-Automatic, A.I Powered Web-App that will in a real sense Automate Every Single Step of the SEO Process for you. It will Write, Optimize, Post and Rank Content for All your locales (or Client Sites) for ANY Keyword or potentially Location Worldwide! It has joined REAL AI with computerization to Manage EVERY Step of the Niche Site Development Process and permits you to get however much traffic deals and leads from web crawlers as could be expected without accomplishing any work yourself! I can certainly say that; Zairp is the strong A.I fueled web-application that robotizes each progression of the SEO Process. You will not get...
Post a Comment
Read more