Visa cards no longer accepted at Walmart as of next month

[Wormius]

Originally Posted by GGG

Ending rewards cards is great news. You pay for those rewards through transaction fees. Well the business does but just like minimum wage hikes and increased lease rates the consumer pays in the end.

The pessimist side of me says we will see no permanent 2-4% decrease in the price of goods if rewards go away. Is there any precedence of this happening in any situation where a company's bottom line dropped and they passed savings along to customers on a regular basis?

[Street Pharmacist]

Originally Posted by Wormius

The pessimist side of me says we will see no permanent 2-4% decrease in the price of goods if rewards go away. Is there any precedence of this happening in any situation where a company's bottom line dropped and they passed savings along to customers on a regular basis?

No. It is reflected in wages and jobs. Prices of goods are based on supply/demand, not cost.

I charge what people will pay for a bottle of Tylenol, not what the costs of selling it are

[FlameOn]

This is starting today in Ontario and will be rolled out across Canada. Thunder Bay is the first community.