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Previously, Visa had said it had offered Walmart one of the lowest rates for any merchant in the country but the retailer wanted more.
If it had given in, Walmart's merchant fees would have been lower than those charged to local grocery markets, pharmacies, convenience stores, charities and schools.
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Walmart spokesman Alex Roberton said it decided to continue the phase-out in Manitoba after seeing the small impact it made in Thunder Bay."There has been no surprises.Even so, it said that is not low enough compared to what the companies charge retailers in other countries."Our opinion is that credit card fees are grossly inflated in Canada when compared to most of the rest of the world," said Retail Council spokesman Karl Littler. "Let's be clear — 1.5 per cent is nowhere near low enough."Littler noted that credit cards companies charge merchants fees of 0.28 per cent in France, 0.3 per cent in the U. "Visa is the company we're dealing with right now."When asked whether Walmart has plans to ban any other credit cards from its stores, he replied that he wasn't going to speculate on what the company will do in the future.Visa, the country's largest credit card firm, declined a request for an interview but said in a statement that Walmart's decision to drop Visa at more store locations was "disappointing.""We know from our experience in Thunder Bay that consumers want the option to use the payment method of their choice when shopping — including at Walmart stores," said spokeswoman Carla Hindman in an email.
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