Re:Walmart Canada stops accepting Visa cards
by abalone on Sunday June 12, 2016 @02:38PM
(#11889560)
> credit card terms forbid stores from offering two different prices
I don't know about (aboot?) Canada but the Durbin amendment outlawed that restriction in the U.S. So any merchant is free to offer a discount for cash.
But as you rightfully note, consumers are generally happy with the card system. Many receive a 1-2% discount or other benefit via reward programs, so the opportunity to steer consumers to cash via discounts is limited.
I don't know about (aboot?) Canada but the Durbin amendment outlawed that restriction in the U.S. So any merchant is free to offer a discount for cash.
But as you rightfully note, consumers are generally happy with the card system. Many receive a 1-2% discount or other benefit via reward programs, so the opportunity to steer consumers to cash via discounts is limited.
See: http://blog.legalsolutions.thomsonreuters.com/wp-content/upl...