Walmart to stop accepting Visa in Canada stores

Walmart supermarket chain will no longer accept Visa cards in its stores in Canada from July 18, reasoned decision from the fees applied considered overly high. At first in Thunder Bay stores it will be impossible to use Visa and then it will be phased in across the country. 

"Walmart made this business decision despite Visa offering one of the lowest rates available to any merchant in the country," a spokesperson said. "To ensure we are taking care of our customers' best interests and delivering on our promise of saving customers money, we constantly work to reduce our operating costs, including credit card fees," Walmart Canada said. 

However, the company defines optimistic about the possibility of reaching an agreement with Visa. Walmart is present in Canada with about 370 stores.