Wal-Mart vs. Visa Fee Fight Plays Out In Thunder Bay

The video discusses the competitive landscape between MasterCard and Visa, focusing on a situation in Thunder Bay where Walmart stopped accepting Visa due to high transaction fees. Visa holds a significant market share in Canada, but Walmart's move could impact this. The video also explores how retailers like Costco have shifted payment partnerships, and Walmart's introduction of a new payment system in the U.S. as part of its strategy to reduce transaction costs.

What was the main reason Walmart stopped accepting Visa payments in Thunder Bay?

• Introduction of a new currency

• Technical issues with Visa

• Lack of customer demand

• Visa's high transaction fees

Which credit card holds the largest market share in Canada?

• American Express

• Visa

• Discover

• MasterCard

What significant change did Costco make in 2014 regarding its credit card partnerships?

• Began issuing its own credit card

• Ended relationship with American Express

• Started accepting Discover

• Ended relationship with Visa

How does Walmart's new payment system differ from Apple Pay?

• It supports cryptocurrency

• It offers lower transaction fees

• It is exclusive to Walmart stores

• It is available on more platforms

What is a potential reason for Walmart's strategy to exclude Visa from its payment options?

• To increase cash transactions

• To comply with government regulations

• To reduce customer wait times

• To promote its own payment system