Quote:
Originally Posted by TorqueDog
This is worse for VISA than it is for Walmart.
Walmart clerk: "Sorry, we don't take Visa."
Customer: "Okay, here's my debit card / MasterCard / cash."
There are multiple ways for customers to pay Walmart, but there is only one way that VISA can make money from that transaction.
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I can see many people not having another credit card and/or the cash to complete the transaction. In my restaurant and student days, I only had one credit card, and needed to shop at Walmart for household items. My VISA had a low limit, and I couldn't get another one. There were many times when I would buy things on my card, and didn't have money in the bank yet. I figure most of the people who shop at Walmart are in a similar situation that I was in at the time.