Walmart Canada to stop accepting Visa cards due to 'unacceptably high' fees

[royster13]

http://www.cbc.ca/news/business/walmart-canada-visa-1.3630956

Not sure if this kind of pressure will cause Visa to reduce charges or just find a way to pass them along to smaller businesses that do not have a “big stick” like Walmart…

 

[d9phoenix]

I have never understood how the CC companies get away with the rates they charge these days when everything is done by plastic. Then i realize how much money they make and bam, they can afford to buy any politician they want/need to keep the rules the way they are.

 

[bodegahwy]

At this point CCs are a financial utility and like other utilities the rates they charge should be regulated!!