Visa will no longer be accepted at any Walmart location in Canada.
Visa and Walmart have been having issues behind closed doors for years now. The latest debacle between the two giants is a pretty big one though. Starting mid-July, Walmart Canada (over 400 locations across the country) will no longer accept Visa credit cards of any kind.
The two companies just couldn’t come up with a reasonable and acceptable fee, so Walmart Canada decided to just discontinue allowing its millions of consumers to use their Visa credit cards at any of their locations across the country.
Something to keep in mind however, is that Walmart Canada is not the first retail chain to not accept Visa. Retail giant Costco, for example.
There are over 50 million Visa credit cards floating around in Canada.
That’s one hell of a lot of lost potential.
Visa charges retailers between 1.42% and 2.08% of the purchase total, which is on par with other credit card companies.
This wasn’t really a smart move on Walmart Canada’s part. Especially considering Visa was actually offering Walmart Canada one of the lowest fee rates to any merchant across the country.
Last year alone, Canadians tallied up over $232 billion on their Visa credit cards.
Why can’t the pair of you just make up and put all of this nonsense behind yourselves? This will more than likely affect millions of customers over the years.