Walmart Canada Stops Taking Visa At Some Stores In Fee Dispute
July 21, 2016 | 1 min to read
Some of Wal-Mart Stores Inc's (WMT.N) Canadian locations stopped accepting Visa Inc (V.N) credit cards on Monday, the retailer said, after it failed to reach a deal over what it called "unacceptably high" fees.
In a rare example of negotiations between a major retailer and credit card company spilling out in public, Walmart said last month it had been unable to agree with Visa on an "acceptable fee" and would no longer accept the company's credit cards unless it got a better deal.
The decision to stop taking Visa in three stores in Thunder Bay, Ontario, will eventually be mirrored across the more than 370 outlets in the country, Walmart Canada said in a statement on Monday, though it did not give details.
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