# Brexit - mastercard and Visa **URL:** \ **Category:** Financial Chat\ **Created:** [21 September 2019 14:28 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424 "2019-09-21T14:28:33Z")\ **Posts on this page:** 14\ **Page:** 1
**Author:** ![Lymp](https://avatars.discourse-cdn.com/v4/letter/l/e68b1a/32.png) [@Lymp](https://community.monzo.com/u/Lymp)\ **Post date:** [21 September 2019 14:28 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/1 "2019-09-21T14:28:33Z")
Hi, probably a scare story, but I saw (on twitter, which I totally trust šŸ™„) that in the event of no deal Brexit, UK bank-issued visas will not work in the EU. Is it just a scare story? Steve ---
**Author:** ![Daveyy86](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/daveyy86/32/44491_2.png) [@Daveyy86](https://community.monzo.com/u/Daveyy86)\ **Post date:** [21 September 2019 14:37 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/2 "2019-09-21T14:37:19Z")
The amount of money visa makes from uk visa cardholders I doubt that very much, fake news ---
**Author:** ![Peter\_G](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/peter_g/32/89632_2.png) [@Peter\_G](https://community.monzo.com/u/Peter_G)\ **Post date:** [21 September 2019 15:18 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/3 "2019-09-21T15:18:07Z")
This is what the government website has to say: > **Using your UK credit or debit card to pay merchants in the EEA** > > This is unlikely to change as a result of leaving the EU; however, it may become more expensive. This is also true if you have a bank account with a provider based in the EU, Norway, Liechtenstein or Iceland, this will still be possible, although it may become more expensive and a surcharge may apply. This is also true if you have a credit or debit card issued by an issuer based in the EU, Norway, Liechtenstein or Iceland and want to use it in the UK. Merchants in the UK will continue to be banned from applying surcharges to payments made by a consumer credit or debit card issued by an issuer based in the UK. Source: [[Withdrawn] Financial services for UK residents, businesses and organisations if thereā€™s no Brexit deal - GOV.UK](https://www.gov.uk/government/publications/banking-insurance-and-other-financial-services-if-theres-no-brexit-deal/1banking-insurance-and-other-financial-services-if-theres-no-brexit-deal-information-for-uk-residents-and-businesses#using-your-uk-credit-or-debit-card-to-pay-merchants-in-the-eea) ---
**Author:** ![Lymp](https://avatars.discourse-cdn.com/v4/letter/l/e68b1a/32.png) [@Lymp](https://community.monzo.com/u/Lymp)\ **Post date:** [21 September 2019 15:23 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/4 "2019-09-21T15:23:35Z")
Iā€™m sure they want to, but Iā€™m talking about rules and regs. But, after a bit of research, I paste the following: Meanwhile, if you use your card to make a lot of cross-border transactions, you are likely to see further impacts of a no-deal Brexit: increased costs for transactions and slower processing times. Additionally, Britons visiting the EU could face extra card charges as a result of UK payment providers no longer having access to the EUā€™s central payments infrastructure. ## Changes to consumer protection One final element of a no-deal Brexit to consider is changes to consumer protection laws. Currently, if you were to buy an item from an EU-based trader and the item did not arrive or there was an issue, you could use UK law and UK courts for redress, and this would be recognised and enforced by the EU. In a no-deal situation, you could lose this safety net and no longer be able to effectively seek compensation from an EU retailer ā€“ something to be aware of if you plan on using your credit card to purchase goods and services from retailers in the EU. ---
**Author:** ![Daveyy86](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/daveyy86/32/44491_2.png) [@Daveyy86](https://community.monzo.com/u/Daveyy86)\ **Post date:** [21 September 2019 15:46 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/5 "2019-09-21T15:46:11Z")
Visa/ MasterCard will work regardless, Everything just might be a little bit more expensive just like everything else regarding Brexit ---
**Author:** ![Chapuys](https://avatars.discourse-cdn.com/v4/letter/c/e9a140/32.png) [@Chapuys](https://community.monzo.com/u/Chapuys)\ **Post date:** [21 September 2019 16:08 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/6 "2019-09-21T16:08:03Z")
Consumer protections and charges _may_ be different but it doesnā€™t change the fact that Visa and MasterCards will still work in Europe after a no-deal Brexit. ---
**Author:** ![Lymp](https://avatars.discourse-cdn.com/v4/letter/l/e68b1a/32.png) [@Lymp](https://community.monzo.com/u/Lymp)\ **Post date:** [21 September 2019 16:41 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/7 "2019-09-21T16:41:38Z")
šŸ‘ ---
**Author:** ![ElectricDemon](https://avatars.discourse-cdn.com/v4/letter/e/f14d63/32.png) [@ElectricDemon](https://community.monzo.com/u/ElectricDemon)\ **Post date:** [21 September 2019 17:56 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/8 "2019-09-21T17:56:47Z")
They work outside of the EU currently, no reason for them to stop working within the EU post Brexitā€¦ Itā€™s pure scare-mongering. ---
**Author:** ![Brian\_L](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/brian_l/32/55084_2.png) [@Brian\_L](https://community.monzo.com/u/Brian_L)\ **Post date:** [21 September 2019 18:01 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/9 "2019-09-21T18:01:26Z")
Gotta love the old scaremongering stories! Something dawned on me today tooā€¦ I assume the word Brexit means something along the lines of Britain Exiting? but itā€™s the UK thatā€™s leaving which as we know is not the same as Britainā€¦ So should it not be Ukexit? šŸ¤£ ---
**Author:** ![krr13](https://avatars.discourse-cdn.com/v4/letter/k/d26b3c/32.png) [@krr13](https://community.monzo.com/u/krr13)\ **Post date:** [21 September 2019 21:13 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/10 "2019-09-21T21:13:39Z")
Sounds like more unnecessary hysteria and scaremongering. Visa and Mastercard are global brands and work in far more non EU countries than EU countries. The EU single market is actually shrinking due to emerging markets particularly in parts of Asia and South America. ---
**Author:** ![Juggy69](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/juggy69/32/29011_2.png) [@Juggy69](https://community.monzo.com/u/Juggy69)\ **Post date:** [21 September 2019 21:41 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/11 "2019-09-21T21:41:43Z")
Not to worry Brexit wonā€™t be happening šŸ˜‚ ---
**Author:** ![Lymp](https://avatars.discourse-cdn.com/v4/letter/l/e68b1a/32.png) [@Lymp](https://community.monzo.com/u/Lymp)\ **Post date:** [21 September 2019 21:42 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/12 "2019-09-21T21:42:51Z")
Yep, looks like like it. (but EU market isnā€™t shrinking - just not growing as fast. Might go negative eventually. Who knows?! ) ---
**Author:** ![Peter\_G](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/peter_g/32/89632_2.png) [@Peter\_G](https://community.monzo.com/u/Peter_G)\ **Post date:** [21 September 2019 21:56 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/13 "2019-09-21T21:56:55Z")
Just a reminder for those so inclined, chat (wailing and gnashing of teeth) about Brexit is over here: > [@Brexit Chat](https://community.monzo.com/t/brexit-chat/41864/592): > If we could keep this to the facts of what might happen to MasterCard and Visa post EU exit, Iā€™d be eternally\* grateful. \*Well, mildly appreciative for a couple of minutes, at least. ---
**Author:** ![system](https://global.discourse-cdn.com/monzo/original/3X/a/e/aedf2f7852aef6ffcd99f29eac49128cfbd2ecc3.svg) [@system](https://community.monzo.com/u/system)\ **Post date:** [19 March 2020 22:06 UTC](https://community.monzo.com/t/brexit-mastercard-and-visa/80424/14 "2020-03-19T22:06:55Z")
Closed on 19 March 2020 22:06 UTC This topic was automatically closed 180 days after the last reply. New replies are no longer allowed.