IDAHO FALLS, Idaho — Smith’s Food & Drug Stores introduced Friday it will cease accepting Visa credit cards starting subsequent month.
In a information launch, the grocery chain said extreme charges that Visa and its issuing banks cost are forcing retailers to boost costs. The firm says Visa’s charges are the very best of any credit card accepted in Smith’s.
“Visa has been misusing its position and charging retailers excessive fees for a long time,” stated Mike Schlotman, Kroger’s government vice chairman and CFO. “They conceal from customers what Visa and its banks charge retailers to accept Visa credit cards. Visa’s excessive fees and unfairness cannot continue to go unchecked.”
The change goes into impact April three. Smith’s will proceed to accept Visa debit cards, together with Mastercard, Discover, and American Express.
Smith’s is a division of The Kroger Co. and is the second retailer within the firm, behind Foods Co. Supermarkets in California, to cease accepting Visa credit cards. Fred Meyer can also be owned by Kroger and will proceed to accept the cards.
Smith’s operates four shops in Idaho, Montana and Arizona; together with 55 shops in Utah, 45 shops in Nevada, 23 shops in New Mexico, and seven shops in Wyoming.