Grocery giant Smith’s has announced Friday that they will no longer be accepting Visa credit cards as payment. The company stated all other payment forms including Visa debit cards, are accepted.
The decision will take effect on April 3, 2019, after Visa and their banks began charging excessive fees to retailers. The company states this resulted in increased food prices in their stores.
Other forms of payment including Mastercard, Discover, American Express, cash, checks, electronic benefits transfer SNAP cards, WIC programs are still accepted. This also includes Visa debit cards.
Smith’s states that Visa’s fees are the highest of any credit cards that Smith’s accepted. Foods Co. Supermarkets, another Kroger brand in California, stopped accepting Visa credit cards in August 2018.
There are 23 Smith’s stores in New Mexico.