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.

What reasons did Walmart Canada provide for discontinuing the acceptance of credit cards?

What impact might the removal of Visa from Walmart's payment options have on sales in Canada?

How does the loyalty of Canadian customers to debit cards compare to that of American customers?

What was Visa's response to Walmart's decision regarding credit card acceptance?

What are the standard retail amounts for credit card fees in Canada according to Visa?