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

Business Insider | 3/1/2019 | Hayley Peterson
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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.

Kroger - Options - Credit - Transaction - Fees

Kroger said it is considering options to lower credit card transaction fees at its other stores, as well.

Kroger is banning Visa credit cards at its Smith's Food & Drug Stores chain.

Chain - Stores - States - Visa - Credit

The chain, which has 134 stores across seven states, will stop accepting Visa credit cards as a form of payment starting April 3, Kroger said Friday.

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


(Excerpt) Read more at: Business Insider
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I find it extremely funny when people keep voting and expecting the government to change!
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