Kroger bans Visa credit cards at 134 stores over 'excessive' fees that 'drive up food prices'

📆 3/1/2019 5:43 PM
📰 BusinessInsider

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Kroger will stop accepting Visa credit cards at its Smith's Food & Drug Stores chain starting April 3.

"Visa has been misusing its position and charging retailers excessive fees for a long time," said Kroger CFO Mike Schlotman.

In a press release, the company slammed Visa's transaction fees as"excessive" and said they"drive up food prices for all customers."

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Crypt_Concepts Why would anyone buy food with credit cards?🤔🤔🤔

As consumers, that shouldn’t be our problem. That’s the company’s fault to paying outrage transaction fees. It’s not likes driven by cost or demand

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Source: Reuters - 🏆 2. / 97 Read more »