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I like my rewards Visa... That's why Kroger is willing to turn you away -- they don't want to pay for your rewards. In a business where profit margins can be
by Johnny555 8y ago
I like my rewards Visa...
That's why Kroger is willing to turn you away -- they don't want to pay for your rewards.
In a business where profit margins can be a thin 1 - 2%, losing some customers that cost a 3% transaction fee while driving others to cheaper transactions can be a net win despite losing business.
Though I suspect that Visa will blink first before other retailers decide to do the same.