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Foods co. supermarkets to stop accepting Visa credit cards

Posted: 12:47 PM, Jul 30, 2018
Updated: 2018-07-31 03:39:39Z

UPDATE: (July 30, 2018, 8:22 p.m.) A response was shared with 23ABC from VISA in response to the piece.

"Visa is disappointed at Kroger’s decision to stop accepting Visa credit cards at its Foods Co. stores. When consumer choice is limited, nobody wins. Our goal is to protect the interests of our cardholders to ensure they can use their Visa credit cards wherever they shop. Visa remains committed to working with Kroger to reach a reasonable solution."

As of Monday, Foods Co. Supermarkets in Central and Northern California will no longer accept Visa credit cards. Officials say this will go into effect on August 14. 

The chain supermarket says they have parted ways with VISA due to costs. 

The following locations will be effected on August 14:

Foods Co, 2505 Haley Street in Bakersfield, Foods Co, 8200 Rosedale Hwy, Bakersfield and Foods Co, 1801 White Lane, Bakersfield. 

Here's what the company said in a statement to 23ABC: 

Foods Co Supermarkets is announcing that its 21 stores and five fuel centers in Central and Northern California will no longer accept VISA credit cards as a form of payment. This change in Foods Co’s credit card acceptance policy will become effective on August 14, 2018.

 

Foods Co is discontinuing the acceptance of VISA credit cards to save on the high costs associated with the credit card company’s interchange rates and network fees. VISA’s rates and fees are among the highest of any credit card brand. The savings will be passed along to Foods Co customers in the form of low everyday prices on the items shoppers purchase most.