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08-03-2018, 09:21 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,657
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Kroger bans Visa cards
Essentially, Kroger doesn't want to pay Visa's swipe fees.
We earn a nice bit of change from Visa and Master Card rebates and other incentives. Still, I've been wondering how much the various credit card incentive/rebate programs have pushed up bank charges to merchants, and whether a pushback by merchants could eventually cause banks to scrap rebates.
https://www.usatoday.com/story/money...ard/881228002/
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If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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08-03-2018, 09:30 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,433
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I see that this is currently limited to a few dozen stores in California. Perhaps it's a pilot?
I'd hate for this to roll-out nationally as Kroger is 1/2 mile away and I ALWAYS pay with my Visa card.
I noticed that at 'my' Kroger they recently started a program where you can scan and bag your own groceries with a hand-held scanner so you don't need to go through a check-out line. They've even incentivized this -- I think you get something like a $5 discount the first time you try it on a purchase of $35 or more. This may also be a pilot.
Looks like they are looking to cut costs, big time.
omni
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08-03-2018, 09:40 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Quote:
Originally Posted by Amethyst
Essentially, Kroger doesn't want to pay Visa's swipe fees.
We earn a nice bit of change from Visa and Master Card rebates and other incentives. Still, I've been wondering how much the various credit card incentive/rebate programs have pushed up bank charges to merchants, and whether a pushback by merchants could eventually cause banks to scrap rebates.
https://www.usatoday.com/story/money...ard/881228002/
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Wow! Well I use my American Express Blue at Kroger anyway. 6% back on groceries.
__________________
Retired since summer 1999.
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08-03-2018, 09:58 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2014
Posts: 7,373
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Interesting- they'll have to pick their battles. I was unhappy to find that my nice new American Airlines MC wasn't accepted by the business doing work on my house- that charge would have made up half the $3K I had to spend to get the 60,000-mile signing bonus. I gave them my trusty Fidelity 2% cashback Visa. I've also run into businesses, mostly smaller ones, that don't take American Express due to high swipe fees.
If I were a retailer I'd have to choose only one out of the Big 3 to ban.
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08-03-2018, 10:03 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,657
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While most of the contractors who work on or around our house accept CC's, they all charge 3% or 4% extra for doing so. Otherwise we really would have raked in the rebates. Same with property taxes - we could use a CC to pay, but the fee would add more than $300.00 to the yearly charge.
Quote:
Originally Posted by athena53
I was unhappy to find that my nice new American Airlines MC wasn't accepted by the business doing work on my house- that charge would have made up half the $3K I had to spend to get the 60,000-mile signing bonus. I gave them my trusty Fidelity 2% cashback Visa. .
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__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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08-03-2018, 10:27 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: The Beautiful Blue Ridge Mountains
Posts: 2,791
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Quote:
Originally Posted by audreyh1
Wow! Well I use my American Express Blue at Kroger anyway. 6% back on groceries.
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+1. I wish Kroger would take NFC payments like Apple Pay, but it appears they have been resisting that.
Our local Kroger has rolled out the self-scan and at the same time eliminated the express lanes in favor of additional self check out lanes. I find the hand scanners to be too time consuming, and the self check gives me (and others around me) too many errors where it locks up until the attendant comes over to reset it. Now they're re-arranging the entire store again.
Sorry, this is turning into the Pet Peeve of the Day thread.
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08-03-2018, 10:31 AM
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#7
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Recycles dryer sheets
Join Date: May 2015
Location: NorCal
Posts: 333
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WinCo is another grocery store that doesn't accept credit cards.
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08-03-2018, 10:43 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Oct 2013
Location: Cholula
Posts: 1,595
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Quote:
Originally Posted by omni550
I noticed that at 'my' Kroger they recently started a program where you can scan and bag your own groceries with a hand-held scanner so you don't need to go through a check-out line.
Looks like they are looking to cut costs, big time.
omni
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Next they'll want customers to stock the shelves, round-up stray carts in the parking lot and mop the floors, too.
__________________
“Before you criticize someone, walk a mile in their shoes. That way, you’ll be a mile from them, and you’ll have their shoes.” – Jack Handey
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08-03-2018, 10:49 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,263
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Quote:
Originally Posted by candrew
Next they'll want customers to stock the shelves, round-up stray carts in the parking lot and mop the floors, too.
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We have to bring our own bags (a city law), bag the groceries ourselves and then polish the shoes of the Welcome Gal on the way out. But, I get bonus points to use on all sorts of industrial processed junk food I no longer eat.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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08-03-2018, 10:51 AM
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#10
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Full time employment: Posting here.
Join Date: May 2007
Posts: 984
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Quote:
Originally Posted by omni550
I see that this is currently limited to a few dozen stores in California. Perhaps it's a pilot?
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Guess USAToday is going for headlines as this appears to involve only 21 stores owned by Kroger in CA branded as Food Co. No Kroger branded stores at all, at least yet, so maybe they are doing a test run on a smaller footprint?
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08-03-2018, 11:03 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,113
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If they ban Visa I will shop elsewhere.
__________________
Duck bjorn.
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08-03-2018, 11:38 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Posts: 2,232
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there needs to be, and IMO will be, some sort of push back from the merchants. When I ran my dental practice, and we started taking credit card payments, the swipe fee was relatively small, and consistent, and worth the money it cost us in order to be paid at the moment.
By the time I retired the swipe fees were all over the place, and they were at the point where I was about to stop accepting them. I am sure this is the price, being paid by the merchants, for the marketing game played by the CC companies of offering bigger and bigger rewards for using their particular card.
At some point, something has to give, and I suspect that what Kroger is doing is the start of a trend.
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08-03-2018, 11:42 AM
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#13
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Full time employment: Posting here.
Join Date: May 2013
Posts: 756
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They are closing a whole bunch of stores here in NC. I think they're in trouble.
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“Believe me, my young friend, there is nothing - absolutely nothing - half so much worth doing as simply messing about in boats.” ― Kenneth Grahame, The Wind in the Willows
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08-03-2018, 11:45 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,182
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Quote:
Originally Posted by GalaxyBoy
+1. I wish Kroger would take NFC payments like Apple Pay, but it appears they have been resisting that.
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It's odd to me. One of the benefits of self-scan for Kroger is that it speeds people through their checkouts. Apple Pay also speeds people through checkouts.
Eventually they'll get around to it. One reason my DW favors Meijer over Kroger is that Meijer takes Apple Pay. So does Aldi for that matter. Though really the only thing I buy there is their 85% cocoa chocolate bars.
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08-03-2018, 12:04 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Quote:
Originally Posted by mpeirce
It's odd to me. One of the benefits of self-scan for Kroger is that it speeds people through their checkouts. Apple Pay also speeds people through checkouts.
Eventually they'll get around to it. One reason my DW favors Meijer over Kroger is that Meijer takes Apple Pay. So does Aldo for that matter. Though really the only thing I buy there is their 85% cocoa chocolate bars.
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Definitely the fastest checkout I experience is with Apple Pay - way faster than anything else. But for me for groceries, Sprouts is the only place accepting it.
BTW - all these chip credit cards now don't require signature, but stores still ask for signatures. I know, I know, they have to update their terminal software......
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Retired since summer 1999.
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08-03-2018, 12:07 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by FIREd_2015
WinCo is another grocery store that doesn't accept credit cards.
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Actually most grocery stores did not used to accept credit cards. Winco is all about low prices, so it is logical to me that they avoid the extra expense of credit card fees.
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08-03-2018, 12:14 PM
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#17
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Moderator
Join Date: Nov 2014
Posts: 9,176
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A local True Value store charged me a fee to use my credit card. It was about a $20 charge and the fee was about $1.50. The biggest issue I have is there was nothing to let me know about this charge before I paid. Even then, I didn’t notice it. Of course had it been a bigger purchase, I would have noticed. Point is, no warning. Guess what hardware I no longer patronize.
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Every day when I open my eyes now it feels like a Saturday - David Gray
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08-03-2018, 12:21 PM
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#18
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,356
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Quote:
Originally Posted by Jerry1
A local True Value store charged me a fee to use my credit card. It was about a $20 charge and the fee was about $1.50. The biggest issue I have is there was nothing to let me know about this charge before I paid. Even then, I didn’t notice it. Of course had it been a bigger purchase, I would have noticed. Point is, no warning. Guess what hardware I no longer patronize.
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I believe that’s a violation of their merchant agreement with Visa.
__________________
I thought growing old would take longer.
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08-03-2018, 12:32 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,438
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Quote:
Originally Posted by audreyh1
Wow! Well I use my American Express Blue at Kroger anyway. 6% back on groceries.
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I get only 3% on my Amex Blue Cash but no annual fee.
For that extra 3% to be worth the $95 annual fee, you would need to spend over $3,166.
Also use Chase Freedom, which will always have one quarter during the year of offering 5x points, redeemable towards cash or transferring to airlines if you have a premium Chase card.
I've never shopped Krogers. But Whole Foods, Trader Joe's, Safeways and Lucky supermarkets all have NFC or Apple Pay in the Bay Area.
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08-03-2018, 12:34 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2014
Posts: 7,050
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Winco is so much cheaper that I am fine with them not taking CC’s.
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