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CBC.caWalmart Canada to stop accepting Visa cards due to 'unacceptably high' feesCBC.ca​Walmart says it intends to join the list of retailers in Canada that don't accept Visa cards, citing high fees for transactions. It's a move one retail analyst has said will cause "pain on all sides." All credit cards charge fees to retailers, which …Wal-Mart Canada no longer accepts Visa cards due to 'unacceptably high' feesCTV NewsThe Mortgage GalCastanet.netWalmart to stop accepting Visa cards in Canadian storesGlobalnews.caThe Guardian -Huffington Post Canada -CJOB -Mississaugaall 24 news articles »

Continue Reading On Cbc.ca »

TORONTO – Walmart says it intends to join the list of retailers in Canada that don’t accept Visa cards, citing high fees for transactions. It’s a move a retail analyst has said will cause “pain on all sides.”
All credit cards charge fees to retailers, which generally are between one per cent and 2.5 per cent of the cost of what’s being sold. The fees depend on the type of card the customer is using — cash-back and premium cards generally have higher fees — and the type of retailer they’re shopping at.
Walmart Canada quietly made the announcement on Saturday that it would gradually stop accepting Visa cards at all of its locations, citing “unacceptably high” fees.
But a statement from Visa said the credit card company offered Walmart “one of the lowest rates available to any merchant in the country.”
Doug Stephens, a Toronto-based retail analyst and strategist, noted that both sides will likely see disadvantages to this deal…

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CBC.caWalmart Canada to stop accepting Visa cards due to 'unacceptably high' feesCBC.ca​Walmart says it intends to join the list of retailers in Canada that don't accept Visa cards, citing high fees for transactions. It's a move one retail analyst has said will cause "pain on all sides." All credit cards charge fees to retailers, which …Wal-Mart Canada no longer accepts Visa cards due to 'unacceptably high' feesCTV NewsThe Mortgage GalCastanet.netWalmart to stop accepting Visa cards in Canadian storesGlobalnews.caThe Guardian -Huffington Post Canada -CJOB -Mississaugaall 24 news articles »

Continue Reading On Cbc.ca »

Representatives from the store say that fees applied to Visa cards are ‘unacceptably high’

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