Walmart store chain in Canada has decided to refuse to work with Visa cards because of the high commission. It is reported by Reuters, citing a statement by the retailer.
It is said that in Canadian Walmart stores will cease to accept Visa cards from July 18, 2016. However, the company notes that continue to rely on the fact that they can come to an agreement with Visa.
According to a representative of Walmart Canada, Visa annually collects from the retailer over C $ 100 million ($ 78.25 million) as a commission.
first stop working with Visa shop in northwestern Ontario. All in all Walmart Canada 370 points. This measure will not affect the retail stores in the United States, the statement said.
In 2014, Walmart filed a Visa sued for $ 5 billion, accusing the payment system of inflating the banking commission for payment card.
American chain Walmart retail stores was created in 1962. Currently, Walmart employs more than 11.5 thousand. Points in 28 countries.
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