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Report: Kroger's Calif. unit to ban Visa cards over high fees

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Report: Kroger's Calif. unit to ban Visa cards over high fees

The Kroger Co. said one of its California subsidiaries will ban Visa Inc. credit cards in a dispute over fees, Bloomberg News reported July 30.

Beginning Aug. 14, Foods Co. Supermarkets will stop accepting Visa cards at 21 stores and five petrol stations in Central and Northern California, including San Francisco and Sacramento.

In a statement, Foods Co. reportedly said Visa's rates and fees are among the highest of any credit card brand.

The California-based supermarket chain added that savings would be passed to customers, who will still be able to use Visa's debit cards, as well as cards from Mastercard Inc., Discover Financial Services and American Express Co.

In response, Visa said in a statement that it remains committed to working on a solution with Kroger.

According to Bloomberg News, this is not the first time major retailers have clashed with credit card companies over exorbitant fees.

In 2016, Kroger brought credit card companies to court in the wake of the switch to chip-and-PIN technology.

Foods Co.'s decision mirrors a similar ban by Walmart two years ago in some of its Canadian stores over Visa's card fees. The two companies reached an agreement seven months later.