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Smith will begin accepting Visa credit cards again



DOUG: BACK TO YOUR OLD WAYS, NEW ON 7, SMALL APPROVED VISA CARDS AGAIN. IN MARCH, SMITH CAN NOT ADVERTISE ANY MORE AUTHORIZATIONS AS A CREDIT CARD, SAYS YOU EXPENSIVE. BUT, THIS DIDN'T STAY LONG. NO WORD ON THE REASON

Smith to begin accepting Visa credit card again


Smith's Food and Drug will now begin accepting Visa credit cards again. Krogger, who owns Smith's, overturned the payment policy after six months of not accepting Visa due to excessive fees. "As of today, Kroger now accepts Visa credit cards across our entire family of stores, including Smith's and Foods Co.," said a Kroger spokeswoman. On April 3, Smith stopped taking Visa credit cards as payment due to network fees being charged by Visa and its issuing banks, adding that extra costs pushed Smiths into raising food prices. "Visa has abused its position and charged dealers for large fees for a long time," Kroger CFO Mike Schlotman said in March this year. No reason was given for the reversal.

Smith's Food and Drug will now begin accepting Visa credit cards again.

Kroger, who owns Smiths, overturned the payment policy after six months of not accepting Visa because of excessive fees.

"As of today, Kroger now accepts Visa credit cards throughout our family of stores, including Smith's and Foods Co.," said a spokeswoman with Kroger.

3. In April, Smith stopped taking Visa credit cards as payment due to network fees charged by Visa and the issuing banks, saying the additional costs pushed Smith to raise food prices.

"Visa has abused its position and charged retailers for large fees for a long time," Kroger CFO Mike Schlotman said in March this year.

No reason was given for the reversal.


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