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1cvmask | 4 years ago

It would be nice to learn what the terms of the deal are and if it is about chargebacks or concessions on payment terms and fees.

discuss

order

Reason077|4 years ago

It’s about interchange fees on cross-border transactions following Brexit. Amazon sells many good to UK customers from its EU warehouses, but such transactions are no longer protected by the EU & UK interchange fee caps (if the customer is using a UK-issued card).

alibarber|4 years ago

All transactions are UK -> Amazon Luxembourg, regardless of where the goods are shipped from, the majority are from within UK warehouses.

Amazon is simply taking the money in Luxembourg and landing the profits there instead of the UK. This is now more expensive to do from UK customers.

londons_explore|4 years ago

Chances are we'll never know the terms of the deal.