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I think you vastly underestimate both the buying power and brand loyalty shown by people who choose to shop at any retailer, especially discount ones like Walma
by spdustin 10y ago
I think you vastly underestimate both the buying power and brand loyalty shown by people who choose to shop at any retailer, especially discount ones like Walmart.
- skylan_q 10y agoThat's only some of the consumers. Even if there's 5% less business/revenue to Walmart as a result of this decision, that's a huge hit.
- rizwank 10y agoYeah. But that's not the endgame. Cashiers will almost assuredly offer a Walmart branded MasterCard or Amex if they were trying to buy with visa. Bingo- Walmart has both eliminated visas Costs and developed a new revenue stream. And I imagine their quants know how many of their visa customers have alternate credit cards or debit capabilities.