Wal-Mart Canada to End Acceptance of Visa Cards

Walmart Canada announced it will stop accepting Visa credit cards due to high fees, starting in Ontario and expanding nationwide. Despite potential inconvenience, Walmart believes the impact on sales will be minimal due to Canadians' preference for debit cards. Visa expressed disappointment, noting they offer competitive rates. The decision highlights ongoing tensions between Walmart and Visa over transaction fees.

Why has Walmart Canada decided to stop accepting Visa credit cards?

• Because of a new partnership with MasterCard

• Due to high fees imposed by Visa

• To increase cash transactions

• To promote their own credit card

What is a significant factor in Walmart's decision regarding Visa in Canada?

• Visa has a monopoly in Canada

• Walmart is closing stores in Canada

• Canada is a declining market for Walmart

• Canadians prefer using debit cards over credit cards

How does Visa feel about Walmart's decision?

• They are disappointed with Walmart's choice

• They are indifferent to the decision

• They are planning to increase fees further

• They are supportive of the decision

What is the typical range of credit card fees mentioned for Visa and MasterCard in Canada?

• 3% to 4%

• 2.5% to 3%

• 1.4% to 2%

• 0.5% to 1%

Which credit card company is often complained about for high fees in Canada?

• MasterCard

• Visa

• American Express

• Discover