Walmart and Visa declare truce in half-year battle over credit card fees

Corporate behemoths Walmart Canada and Visa have declared a truce

Walmart and Visa declare truce in half-year battle over credit card fees

TORONTO — Corporate behemoths Walmart Canada and Visa have declared a truce in their dispute over merchant fees, allowing Walmart customers in Manitoba and Thunder Bay, Ont., to resume using the credit card beginning Friday.

Both firms said they came to an agreement but did not provide details, calling the arrangement confidential.

Walmart began refusing Visa credit cards at its three stores in Thunder Bay in mid-July. It said it pays more than $100 million in fees every year for customers to use various brands of credit cards, and that the fees charged by Visa were excessive.

That set off a widely watched battle within the retail sector that intensified in October, when Walmart expanded its policy of rejecting Visas to its 16 stores in Manitoba. The retail giant had said it was planning to expand its phase-out of Visa to all of its 400 stores in Canada.

The months-long dispute became so heated that at one point Visa offered its cardholders in Manitoba a reward for buying their groceries somewhere other than Walmart. It launched an advertising campaign in November offering Manitoba Visa cardholders a $10 credit if they spent $50 or more at grocery stores.

The campaign didn’t explicitly mention Walmart or the fee dispute, but a Visa spokeswoman said at the time the firm was hoping to ease any inconvenience for Visa cardholders who can’t use their cards everywhere.

Visa ran a similar ad in Thunder Bay, promising cardholders there with a $25 credit for every grocery purchase of $75 or more.

Visa previously said it had offered Walmart one of the lowest rates for any merchant in the country, and that if it gave in to the retailer’s demands then other merchants would want a reduction in their fees, as well.

Just Posted

WATCH: Christmas Wish Breakfast toy donations almost double

All toys donated Sunday will be given to the Red Deer Christmas Bureau and Red Deer Salvation Army

VIDEO: ‘Party bus’ goes up in flames in Vancouver

Fire crews responded to the late night blaze

Mothers Against Drunk Driving hold candlelight vigil

Four-and-a-half years ago Marilyn Rinas’ husband was killed in a collision with… Continue reading

Thousands expected at memorial for fallen police officer in Abbotsford, B.C.

ABBOTSFORD, B.C. — The streets of Abbotsford, B.C., will be lined with… Continue reading

One person dead, five others injured in early-morning crash in Kingston, Ont.

KINGSTON, Ont. — A man who was checking the damage on his… Continue reading

VIDEO: Replay Red Deer: Nov. 19

Watch news highlights from the week of Nov. 13

CP Holiday train to stop in Ponoka for another year

The popular train will feature entertainment from Colin James and Emma-Lee

Kittens rescued after allegedly being tossed from vehicle

Couple finds abandoned kittens new home through Facebook

VIDEO: ‘Party bus’ goes up in flames in Vancouver

Fire crews responded to the late night blaze

Chicken crosses B.C. road, stops traffic

Rooster makes early morning commuters wait in Maple Ridge

Red Deerian honours her brother who died in a motorcycle collision

Houaida Haddad is encouraging Red Deer residents to donate blood

Red Deer County firefighters to be recognized for Waterton help

RCMP brass will give formal recognition Monday

Ron James tries to lighten humanity’s load through humour

The comedian returns to Red Deer for shows Dec. 1 and 2

100+ Women Red Deer donate to Christmas Bureau

About $14,000 will help with Christmas hampers and toys

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month