The Kroger Co. announced that its Smith's Food & Drug Stores chain will no longer accept Visa credit cards to pay for transactions starting April 3, 2019, reports Supermarket News. The chain, which is made up of 142 stores in seven Western states, will continue to accept other forms of payment, including Visa debit cards.
Kroger cites excessive interchange and network fees as the reason why it will no longer accept the credit cards. “At Smith’s, Visa’s credit card fees are higher than any other credit card brand that we accept. Visa’s excessive fees and unfairness cannot continue to go unchecked," says Mike Schlotman, executive vice president and chief financial officer at Kroger. Full Story
Related: Kroger and Ocado Announce New Regions for High-Tech Fulfillment Centers; Kroger Launches New Payment, Rewards Programs.
from Specialty Food News https://ift.tt/2UdDbK1
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