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Smiths/Kroger expands ban on Visa credit cards

11 pointsby ethanpilabout 6 years ago

2 comments

ethanpilabout 6 years ago
I wonder if this is a negotiation tactic to get special reduced rates, or if this is the beginning of a deeper experiment, in which grocers (who run on notoriously low margins) are trying to save 2% per almost every transaction.<p>Supposedly, millennials and later generations are very cash adverse, and these interchange fees are adding up to m(b?)illions for these huge companies...
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gamblor956about 6 years ago
Good luck with that. I live within walking distance of 3 groceries and I can just walk a block further to the store that accepts my card.<p>Edit: the ban only applies to two of their lower market aka discount grocery chains, do this actually makes sense. Most of those customers don&#x27;t use credit cards in the first place.