Why you may not be able to use a Visa credit card at Foods Co. soon

Originally published by SacBee.com on Aug. 1, 2018

Foods Co. Supermarket shoppers in Northern California who use a Visa credit card to pay for groceries may soon have to choose an alternative payment method.

The grocery chain’s parent company, Kroger Co., has been in an ongoing dispute with Visa over fees and regulations. Should the two companies not come to an agreement, Foods Co. will stop accepting the cards at 21 of its stores beginning Aug. 14.

Four of those Foods Co. locations are in Sacramento.

As reported by The Wall Street Journal, Visa stated that it wishes to continue working with Kroger to resolve the issue.

According to CNBC, customers will still be able to use Visa debit cards and all other forms of payment accepted by the stores.

Kroger is the nation’s second-largest retailer behind Walmart. American retailers pay billions of dollars in swipe fees each year. Swipe fees are incurred by retailers each time a consumer uses a card. MasterCard and other credit card issuers charge these fees as well.

Kroger announced Monday that if a resolution is not reached, it may stop allowing the use of Visa credit cards across its entire network of 2,778 stores, which include Ralphs and Food 4 Less in Southern California, according to Bloomberg.

This story was also published in the print edition of The Sacramento Bee in the business section on page 5C Aug. 3, 2018

Kroger

Advertisements

About Daniel Wilson

I am a student at California State University Sacramento (Sac State) majoring in journalism, pursuing a Bachelor's degree with a minor in communications. Please visit both www.saccitygamer.com and www.dwilsononline.com for more information.
This entry was posted in Sacramento Bee and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.