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Visa’s fees are the highest of any credit cards accepted in Smith’s and exceed grocery store margins, according to Kroger.
“Visa has been misusing its position and charging retailers excessive fees for a long time,” said Mike Schlotman, Kroger’s executive vice president and CFO. “
Smith’s is the second Kroger banner to decline acceptance of Visa credit cards, following Foods Co. Supermarkets in California, which stopped accepting Visa credit cards in August.
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