Walmart to stop accepting Visa cards in Canadian stores this July

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Walmart Canada customers will no longer be able to use Visa credit cards to pay for purchases in the store come July.

A statement from the retail giant claims the primary reason for the change is due to ‘unacceptably high’ fees by Visa.

Walmart and Visa have seen their fair share of tumultuous relations recently, with a lawsuit over the use of pin technology. And it isn’t the first time the two companies have locked horns. Walmart sued Visa in 2014 for $5 billion over swipe fees.

The change will begin on July 18, first in Thunder Bay stores, then rolled out in phases across Canada. They will continue to accept MasterCard, American Express and Interac debit cards.

Walmart joins No Frills and Costco as Canadian retailers who don’t accept Visa cards.

A Visa Canada representative said in a written statement that the company “regrets” Walmart’s decision and that it’s ultimately the shoppers who will suffer.

What do you think of Walmart’s decision to stop taking Visa Cards? Will it affect your shopping experience?

 

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