Walmart to Stop Accepting Visa Cards in Canadian Stores
June 11, 2016
in
The 405 Walmart stores in Canada including the 5 in Mississauga said it would stop accepting Visa cards in their stores over a battle these two companies have had over some time now.
The disagreement according to the Wall Street Journal was about Walmart thinking the transaction costs by Visa were too high, despite the fact that Visa saying that it already offered Walmart "one of the lowest rates available to any merchant in the country." They were unable to reach an agreement on an appropriate fee for Visa transactions.
Walmart is going to stop accepting Visa cards starting with three stores in Thunder Bay, Ontario, on July 18.
"After Thunder Bay, it'll be a phased approach across the country. It's limited to Canada," a Wal-Mart spokeswoman said.
Wal-Mart will continue to accept MasterCard, American Express, Discover and other cards but Visa is Canada largest payment network in Canada so this might be a hit when you are ready to make a payment on that family size bag of chips!
Will this affect your spending habits at Walmart?
Trending
- Former City Council Candidate Files Complaint Against Mississauga Councillor
- You Will Now Have to Pay to Park in This Area of Mississauga
- One of the Tallest Buildings in Canada is coming to Mississauga
- Here’s What Doug Ford Intends to Do About Gun Violence in Ontario
- Find the Perfect Back-to-School Products at MUJI Square One in Mississauga
Related
- Walmart’s in Mississauga Won’t Be Accepting Visa Very Soon
- Major Discount Brand Expanding and Finally Accepting Credit Cards
- Man Arrested for Allegedly Tricking Walmart into Buying Stolen Merchandise
- Is the Walmart at South Common Mall Closing?
- Mississauga Councillor to Meet Walmart CEO Regarding New Store by Port Credit
Your Comments