VISA Down Across The UK & Europe – Panic Hits
We have a breaking news piece from across the UK and Europe as VISA has admitted to a “Service Disruption” which is blocking any payments frof going through it’s service.
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Here in the UK it has had a huge effect as over the past few years we have moved more and more towards a cashless society with NFC payments becoming the norm for many.
The VISA Disruption
Whilst out in Manchester today there was chaos in Primark, a budget fashion store as at around 1pm and with queues of people waiting to pay, the card systems went down.
Leaving angry shoppers who had been waiting in line with no alternative to pay as few had the cash available.
Payment processing through Visa’s systems accounts for £1 in £3 of all UK spending, the company has said.
Reports on Twitter from supermarkets around the UK & Europe describe chaotic scenes as shoppers were unable to pay for their essential food items.
So visa and MasterCard have gone down and I kid you not, London has gone into meltdown. Ya’ll it’s the apocalypse.
— Pickles. ? (@CharrJasmineXo) June 1, 2018
Some are even speculating as to the cause, which may be a little tongue in cheek…
Mr Putin is sat in his volcano hideout on a black swivel-chair slowly stroking a white cat, smiling wryly. “You can cancel our Visas, but now I shall cancel yours!” Mwhahahaha. #visadown #visa
— Chris Morton (@thechrismorton) June 1, 2018
At the time of publishing the outage was still occurring and causing disruption.
The official update from VISA is:
“Visa is currently experiencing a service disruption which is preventing some Visa transactions in Europe from being processed. It is investigating the cause and acting as quickly as possible to resolve the situation. Visa is working with banks, building societies, merchant acquirers and card providers to return to a normal service and will provide regular updates. Customers should check their bank, building society or card provider website or contact them with any queries.”
At this stage it is too early to fully understand what effect this will have on eCommerce across Europe but something which we are sure will have an effect.
Have you experienced problems because of the VISA outage let us know in the comments section below or over on our Facebook group here.
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Dave is a Co-Founder of eSeller365. For over 10 years he has been involved with eCommerce with a particular interest in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK’s youngest eCommerce consultant, he built an education platform called UnderstandingE that showed the world how to utilize Magento as the “Third Generation of Multi-Channel software”.
Dave has also created a YouTube channel dedicated to entrepreneurship and eCommerce as well as a podcast dedicated to mental health awareness. When Dave isn’t working his main interests include learning and playing Chess, researching the Crypto and NFT space, and trying to find the nearest beach.