Walmart to Stop Accepting Visa as a Form of Payment

Sunday, June 12, 2016
Walmart to Stop Accepting Visa as a Form of Payment
This weekend Walmart dropped some interesting news! Walmart will no longer accept Visa credit cards as a form of payment at their Canadian stores. The reason for this change is "the fees applied to Visa credit card purchases remain unacceptably high". Please note the customer never pays these fees, this is only on the company's side. I wonder much how these fees actually cost Walmart, they are one of the biggest retailers in the world so surely it doesn't even leave a dent in their business.

This change will take some time to take into effect, Walmart stores in Thunder Bay Ontario will start this change on July 18 and then roll out throughout the country.

We went to Walmart this weekend and paid with Visa, I imagine we will personally just start using another credit card or another form of payment, not a big deal. We rarely shop at Walmart though, since it's out of the way for us. I can see this being an inconvenience for a lot of people though, I assume Visa is the most used credit card. Apparently Costco and No Frills don't accept Visa either.

Walmart has been in the news quite a bit lately, they announced they are doing away with their fitting rooms as well, which upset a lot of people. Personally, I noticed my closest Walmart location is now charging $1 for shopping carts (you get that back of course when you return the cart) but I was surprised it was so high, considering no grocery stores around me charge anything.

Please leave us a comment on what you think of this change. Will this affect you in a negative way? Do you use Visa credit cards for your Walmart purchases? Will you shop elsewhere? Or share your thoughts on our Facebook Page here.

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8 comments :

  1. Debbie BJune 12, 2016 at 2:33 PM

    the problem is with Visa and if they keep it up they will lose more and more of their large customers

    ReplyDelete
  2. AnonymousJune 13, 2016 at 5:47 AM

    Not a big deal, I'll just use another credit card.I usually pay with cash on hand or debit anyway. Don't want more debt.

    ReplyDelete
  3. AnonymousJune 13, 2016 at 5:48 AM

    That sucks! I also can't believe that they are getting rid of fitting rooms, what is up with that? hah

    ReplyDelete
  4. AnonymousJune 13, 2016 at 5:54 AM

    I will probably shop elsewhere, I like using my visa there.

    ReplyDelete
  5. AnonymousJune 13, 2016 at 11:54 AM

    A card can be replaced with another card but as far as fitting brooms. who wants to buy and lug a bunch of clothes home, then have to try them on and take the rest back that may not fit. I think they will also lose clothing customers over this.

    ReplyDelete
  6. AnonymousJune 14, 2016 at 4:30 AM


    Here's an interesting article on banking fees in general and in regards to Walmart:

    http://business.financialpost.com/news/fp-street/is-walmart-playing-chicken-with-visa-in-rejecting-cards
    It says in the article that "Walmart Canada pays more than $100 million in fees each year to accept credit cards including Visa, MasterCard, American Express, and Discover, according to the statement."

    ReplyDelete
  7. AnonymousJune 14, 2016 at 10:24 AM

    as long as they still take other cards and debt cards no big deal for me but the fitting rooms is a very big deal where is the customer service in that

    ReplyDelete
  8. KimJune 14, 2016 at 4:51 PM

    I don't really care about them getting rid of Visa because I prefer my AM MC. But if they are getting rid of change rooms, they should consider getting out of the clothing business too. I would never buy clothes in store if I didn't at least have the opportunity to try it on if I need to. Weird change.

    ReplyDelete

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