I hope you weren’t planning on using your Visa credit card at a Walmart anytime soon! Walmart Canada has decided to phase out the use of Visa in their stores because of Visa’s high transaction fees. Visa allegedly charges more per transaction than other credit card companies like MasterCard and Discover, and Walmart isn’t willing to pay that price anymore. They are joining other retailers like Costco and No Frills in phasing out the use of Visa cards; you will still be able to use MasterCard and debit. Walmart Canada will start phasing out Visa cards in their stores starting with their Thunder Bay locations in July.
Get the full story from the CBC here!