Walmart Canada Will Stop Accepting Visa

Walmart Canada Will Stop Accepting Visa

“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,” the Ontario based Wal-Mart Canada stated in a release. While Walmart is under constant controversy over employee wages, Walmart and Visa simply could not work out a deal, “Unfortunately, Visa and Wal-Mart have been unable to agree on an acceptable fee for Visa transactions,” Wal-Mart Canada continued in their statement.

The changes will begin implementation on July 18th and will only affect Canadian stores and will spread across the rest of Canada in phases. A Visa spokesperson stated the company was quite disappointed in Wal-Mart’s decision and that it will have a negative impact on customers choosing to shop at the store.

Wal-Mart has 405 stores in Canada and Visa is the largest payment processor in the country as well with nearly 51 million cards in circulation – meaning this is a decision that could inconvenience a number of customers and cost both parties a substantial amount of money. The incident follows recent issues that Wal-Mart and Visa have had within the United States.

In that incident Wal-Mart took Visa to court in New York after Visa prohibited the company from forcing customers to only provide a PIN for their purchases. Visa insists customers like having the flexibility of using a PIN or giving their signature. It is unclear if the incidents are in anyway linked.

 

Hot NewsGET THE HOTTEST

A Solution To Growing Needs Of Customers

A Solution To Growing Needs Of Customers

E-commerce is the conduct of business using electronic means like the internet and mobile applications. It also involves transactions in money using the electronic medium. There is an online transaction processing. E commerce has come to mean a transaction between the business and individual…

CONTINUE READING

Filmmaking- All You Need to Know

Filmmaking- All You Need to Know

In this short article, we will give you a couple of pointers on the best way to film yourself a motion picture. Filmmaking is considered be one of the immense vocations that most energetic craftsman attempt to handle. Before you know it, you will have awesome gems taking off the film tapes. You must…

CONTINUE READING

Why Hire a Mobile Development App Company

Why Hire a Mobile Development App Company

Progressing with the technological development, a company has initiated towards creating beneficial applications with a meaningful process. The experts are skilled enough to deal with complex technicalities making way for smoother business operations.  Affordable app development services …

CONTINUE READING

Latest News FROM OUR DESK

Delta Cancels Flights Due to Computer System Outage

Delta Cancels Flights Due to Computer System Outage

Earlier this month, Delta Air Lines had to cancel or delay some of its flights due to a power outage which resulted in the shutdown of its computer systems worldwide. It took about 17 hours after the power outage for the airline to go back to its normal operations. As expected, the passengers went…

CONTINUE READING

Stocks tumble on Wall Street after Brexit vote

Stocks tumble on Wall Street after Brexit vote

Speculations and fear brought about by the Brexit vote on Friday have caused several calamities in the stock market. Global stock markets lost $2 billion on Friday, while the sterling pound dropped to a historical 31-year low. Money also poured into government loans and safe-haven gold. Gold prices…

CONTINUE READING

Oils sand returns to production after Fort McMurray fire

Oils sand returns to production after Fort McMurray fire

The oil-sand companies operating in northern Alberta are trying to restart production after the fire of Fort McMurray. The market is not anticipating a shortage of more than one or two million barrels of oil a day due to sudden failure of supply. Some of the manufactures could begin their production…

CONTINUE READING

Why is Obama visiting Argentina's President Macri?

Why is Obama visiting Argentina's President Macri?

The United States’ relationships with Latin American countries are as complicated as its individual histories with each and their respective cultures and attitudes towards America. This week, President Obama is scheduled to visit President Macri, the newly elected leader of Argentina after…

CONTINUE READING