If you have a Visa credit card, be careful next time you go to Kroger: It might get declined. And the same could start happening at more stores.
Foods Co Supermarkets, part of the Kroger chain, recently said that it will stop accepting Visa credit cards at 21 stores and 5 gas stations in California starting Aug. 14, because the store is unhappy about Visa’s interchange, or “swipe” fees.
Foods Co said it will no longer accept Visa “to save on the high costs associated with the credit card company’s interchange rates and network fees.” Credit card companies including Visa, Mastercard and Discover charge merchantsevery time a customer buys a product using their cards.
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