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MONTREAL – Walmart’s threat to ban the use of Visa cards at its Canadian stores gets underway today in the northwestern Ontario city of Thunder Bay.
After months of negotiations, the retailing giant is eliminating Visa as a payment option at three stores in Thunder Bay, vowing to roll it out to its 400 locations in Canada.
Walmart hasn’t disclosed when that rollout will begin.
Despite the impasse, Walmart says it remains optimistic that an agreement will eventually be reached with Canada’s largest credit card company.
Visa, meantime, says it will do everything “reasonable” to ensure Canadians can use their Visa cards everywhere they want to shop, including at Walmart stores.
Visa last month accused Walmart of using consumers as pawns in its battle over merchant fees with its threat to ban the popular credit card.
Walmart says it pays more than $100 million in fees annually for customers using credit cards like Visa, MasterCard and Discover.
Visa defended itself, saying it offered Walmart one of the lowest rates of any merchant in Canada…

Continue Reading On canadianbusiness.com »

After months of negotiations, retail giant is eliminating Visa as a payment option at three Thunder Bay stores; vows to extend ban to its 400 locations in Canada.

Continue Reading On theglobeandmail.com »

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