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TORONTO _ The Canadian Federation of Independent Business says it is concerned that a deal struck between Walmart Canada and Visa over merchant fees could lead to higher costs for smaller businesses.
Details of the agreement, which ended a months-long dispute between the two corporate behemoths, have not been provided by the companies.
But CFIB president Dan Kelly says he suspects Walmart was able to negotiate a reduction in merchant fees.
Kelly says typically a good deal for one big company can mean bad news for small businesses, as Visa and the banks could look to make up the difference by raising the merchant fees charged to other companies.
He says he will be keeping a close eye on the situation and will continue to lobby both Visa and MasterCard for lower merchant fees for small- and medium-sized companies.
The federation represents over 109,000 business owners across the country.
In July, Walmart began refusing Visa credit cards at its three stores in Thunder Bay, Ont., citing excessive fees…

Continue Reading On canadianbusiness.com »

Corporate behemoths Walmart Canada and Visa have declared a truce in their dispute over merchant fees, allowing Walmart customers in Manitoba and Thunder Bay, Ont., to resume using the credit card beginning Friday.

Continue Reading On canoe.ca »

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