Walmart Canada stops accepting Visa cards
Dear HN, I&#x27;d like to fact check my outrage...<p>If I understand correctly, credit card terms forbid stores from offering two different prices (one for paying with and one for paying without), because if they didn&#x27;t, some stores would offer a 2-3% discount for cash, and customers would switch to cash. Meanwhile, most people I&#x27;ve spoken with are happy with the system, because they feel like they&#x27;re getting money back for free through cashback&#x2F;reward programs, so credit card companies are incentivized to keep increasing their merchant fees so that they can give more money back to their customers. Restaurants&#x2F;shops that don&#x27;t accept credit get less customers, and are forced into the system as well. While the government could do something about it, they don&#x27;t because they can track every credit card transaction (-&gt; tax revenue), but they can&#x27;t track cash. And cash-paying customers get to pay the 2-3% &quot;credit card tax&quot; on every transaction, which is so ridiculously backward.<p>I hope Walmart&#x27;s decision snowballs.