Today in the connected economy, Amazon and Visa end their monthslong battle over card fees, and Delta lets travelers buy now, pay later with the help of American Express.
Also, cryptocurrency exchange CoinJar launches what it says is a first-of-its-kind Mastercard in the U.K., and European eCommerce delivery provider InPost Group signs a delivery agreement with secondhand clothing eCommerce platform Vinted.
Amazon, Visa Strike Global Deal on Card Fees
Amazon and Visa have ended their monthslong dispute over rising card fees, both companies said in statements after reaching an agreement.
The companies said there will no longer be a surcharge to use a Visa credit card in Australia and Singapore. The threat to bar Visa card acceptance in British Amazon stores on Amazon’s eCommerce marketplace has also been dropped.
Peloton Rolls Out Video Game Feature Lanebreak
After weeks of setbacks, Peloton was able to share some “fun” news for a change as it previewed Lanebreak, a feature that lets users turn their classes into video games.
Available only on Peloton’s Bike and Bike+ products, Lanebreak lets players choose five-minute cool-downs and warm-ups, 10-minute hip hop classes, and 20- and 30-minute classes.
Delta Launches BNPL Offering With AmEx
Delta Airlines is giving flyers a buy now, pay later (BNPL) option with the help of American Express’ Plan It tool.
With Plan It, American Express consumer card members in the U.S. can choose from the available BNPL options while booking flights through Delta. Introduced in 2017, Plan It lets American Express members split big purchases into equal monthly installments with a fixed fee.
American Express says its research that shows 68% of younger travelers would be more likely to take vacations if they knew they could pay for the flights over time.
CoinJar Launches Crypto-to-Fiat Mastercard Debit Card
Australian crypto trading platform CoinJar has joined forces with Britain’s EML Payments to launch a crypto-to-fiat Mastercard debit card, said to be the first of its kind to be created by a crypto exchange registered by the U.K.’s Financial Conduct Authority.
The card lets customers make purchases by automatically converting cryptocurrencies into fiat currency any place Mastercard is accepted.
InPost Group, Vinted Partner on European eCommerce Delivery
European eCommerce delivery provider InPost Group has inked a five-year deal with secondhand clothing platform Vinted to serve as one of its shipping partners in the U.K., Poland, Italy, France, Belgium, the Netherlands, Portugal and Spain.
InPost’s cross-border network features 35,000 out-of-home delivery sites, which lets Vinted members choose when they pick up their deliveries, thus reducing carbon dioxide emissions by as much as two-thirds compared to door-to-door services, the companies said.
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