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