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Kroger’s Foods Co Lobs a Grenade at Visa in the Ongoing Guerrilla War Over Card-Acceptance Costs

Citing acceptance costs, Foods Co, a California unit of leading supermarket chain The Kroger Co., says it will stop accepting Visa credit cards Aug. 14 at 26 stores.

“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,” the
company said in a Monday announcement. “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.”

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