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Disruptors

Amazon Banning VISA Payments [Business, mindset, entrepreneur, disruptors]

Disruptors

Rob Moore

Careers, How To, Business, Self-improvement, Society & Culture, Marketing, Investing, Education, Entrepreneurship

4.81.4K Ratings

🗓️ 20 November 2021

⏱️ 28 minutes

🧾️ Download transcript

Summary

In this bonus episode, Rob shares his views and thoughts on the ban amazon have proposed for visa credit card payments and talks about what the lessons we can all learn from this breaking news. KEY TAKEAWAYS  Amazon are proposing to ban all visa credit card payments from the 19th of January. They have said the move is due to high transaction fees. This could cost visa billions of pounds. This shows why we can’t rely on just one big retailer. Payments should be getting quicker, easier and cheaper now. There is a lot of tech advancement and industry disruptors in the payment space, understandably businesses and consumers aren’t willing to pay price hikes. No matter the size of the company, you are always at risk if you rely on one supplier. If businesses want to survive, they must always evolve, innovate, keep their prices relevant and continue to provide value to their customers. BEST MOMENTS   “This is ridiculously bad news for visa” “Amazon is offering £10 to customers for switching from visa” “This is hugely aggressive” “Always keep your prices fair and your product and service evolving” [Business, mindset, entrepreneur, disruptors] VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

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0:00.0

This is ridiculously bad news for Visa.

0:05.0

Wow, this is huge news.

0:07.0

Amazon have just announced that in January,

0:11.0

they will stop all Visa credit card payments on their site.

0:16.0

Holy shit!

0:19.0

I do love it when big brands start scrapping.

0:23.0

Well, I love it and I hate it.

0:25.0

So let me tell you what's going on and let me share with you

0:28.0

the warnings and the lessons.

0:30.0

And also, please let me know what you think.

0:32.0

So breaking news in the last 12 hours is that Amazon,

0:36.0

the biggest retailer in the world, has got its willy out

0:40.0

and put it on the table.

0:42.0

So Visa slacked its face.

0:46.0

And Amazon is banning all Visa payments, Visa credit.

0:51.0

Not Visa debit, but Visa credit.

0:54.0

From the 19th of January, holy shit.

0:58.0

Now, I'll tell you what's actually happening in reality.

1:02.0

But I think this is a great lesson to us all.

1:05.0

We mustn't be reliant on one supplier.

1:08.0

If we are reliant on one supplier and our supplier goes,

1:12.0

Band!

...

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