Walmart Canada Will No Longer Accept Visa Due To 'Unacceptably High' Fees

The Canadian Press, 11 Jun, 2016 01:53 PM

TORONTO — Walmart Canada says its customers will no longer be allowed to use Visa cards to make purchases at the store.

In a written statement, representatives from the store say that fees applied to Visa cards are "unacceptably high."

Walmart has more than 400 locations in Canada, and more than 11,500 worldwide, according to the company's global website.

They say the first stores to stop accepting Visa will be in Thunder Bay, Ont., on July 18, and the change will be rolled out Canada-wide in phases.

The company says it will continue to accept MasterCard, American Express and Interac debit.

Walmart is joining No Frills and Costco on the list of Canadian retailers who don't accept Visa cards.

A representative from Visa Canada said in a written statement that the company "regrets" Walmart's decision, and that it will have a "negative impact" on Walmart's shoppers.

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