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Huey Lewis & The News
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Joined: 18 Dec 2015
Posts: 5234
Location: So what's the uh...topic of discussion?
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LarryCoon
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Joined: 11 Aug 2002
Posts: 11265
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 Posted: Sat Mar 02, 2019 8:06 am Post subject: Re: Kroger to ban visa credit/debit cards at some stores |
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| Huey Lewis & The News wrote: | | https://news.yahoo.com/kroger-ban-visa-credit-cards-154706932.html |
Even for an operation like Sports Business Classroom, credit card fees are a big line item on the budget (for example, bigger than staff travel and marketing). I know they vary from merchant to merchant, but for us Visa is tied for lowest (1.67%, plus 20c per transaction). AMEX is the big one for us, at 2.75%. |
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Basketball Fan
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Joined: 03 Feb 2004
Posts: 24766
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| Posted: Sat Mar 02, 2019 9:13 am Post subject: |
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This isn't really brand new info. I used to have a Kroger Visa Credit card then was notified they were switching to Master Card since they were no longer accepting Visa.
That was well over a year ago. |
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vanexelent
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Joined: 17 May 2005
Posts: 30081
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| Posted: Sat Mar 02, 2019 1:21 pm Post subject: |
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| AMEX have usually been the highest for merchants. I don't have a Kroger near me though, so NBD. |
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lakersken80
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Joined: 12 Aug 2009
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| Posted: Sat Mar 02, 2019 2:49 pm Post subject: |
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| vanexelent wrote: | | AMEX have usually been the highest for merchants. I don't have a Kroger near me though, so NBD. |
They own a bunch of other supermarket chains so chances are there is one near you. My guess is that they are testing this at one chain and if its successful it will spread to their other chain of supermarkets. |
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jonnybravo
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| Posted: Sat Mar 02, 2019 3:12 pm Post subject: |
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Vons and Albertson's are both Kroger right? The weekly ads I get from them are identical.
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lakersken80
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| Posted: Sat Mar 02, 2019 3:34 pm Post subject: |
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Albertson's is a different chain....they own Vons.
Kroger owns grocery stores like Fred Meyer, Ralphs, Food 4 Less, Frys foods, etc.
The reason why a lot of those grocery stores didn't rebrand was that they were region specific and they had a lot of loyalty from customers where they started from. |
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adkindo
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Joined: 16 Jun 2005
Posts: 40345
Location: Dirty South
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| Posted: Sun Mar 03, 2019 8:54 pm Post subject: Re: Kroger to ban visa credit/debit cards at some stores |
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| LarryCoon wrote: | | Huey Lewis & The News wrote: | | https://news.yahoo.com/kroger-ban-visa-credit-cards-154706932.html |
Even for an operation like Sports Business Classroom, credit card fees are a big line item on the budget (for example, bigger than staff travel and marketing). I know they vary from merchant to merchant, but for us Visa is tied for lowest (1.67%, plus 20c per transaction). AMEX is the big one for us, at 2.75%. |
fwiw, those are pretty good rates that your merchant service provider is giving you based on what I assume is a small number of transactions (relatively speaking compared to a retail outlet doing business 7 days a week). Pay attention to your Discover card rate....some providers price it similar to Visa/MasterCard while some price it at a rate near or in the direction of AMEX. It should be closer to Visa/MC than Amex. Discover usually has the lowest volume, and for that reason many merchant service providers do not advertise it and know many clients will not focus on the rate.....which can allow the provider to make up margins on charging a higher than normal rate. |
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adkindo
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Joined: 16 Jun 2005
Posts: 40345
Location: Dirty South
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| Posted: Sun Mar 03, 2019 9:04 pm Post subject: |
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| I have a hard time believing this is a smart move by Krogers.....Visa dominates the credit card landscape. Kroger and all grocery chains are getting pressure put on them via pricing by Wal Mart...and via experience by newer entries into the market. Losing customers who desire to use their Visa card feels shortsighted. Also, that industry is known for having a difficult time regaining a customers business once lost. |
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ContagiousInspiration
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Joined: 07 May 2014
Posts: 13823
Location: Boulder ;)
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| Posted: Mon Mar 04, 2019 3:25 am Post subject: |
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Our King Soopers here recently did renovations
Cameras all over and lcd screens recording your face at self checkout
Like a prison facility. It's creepy but I got over it
Life in the camera age
Some memories of first Los Angeles trip as an adult
Bulletproof Taco Bell drive thru
Bulletproof glass in Vons covering the US Bank in the store
Bars on windows everywhere
Staples Center area at night is a shantytown filled with crackheads, hookers and cops |
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Freddie Buckets
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Joined: 08 Oct 2007
Posts: 9131
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| Posted: Mon Mar 04, 2019 6:56 am Post subject: |
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| i find this odd since a lot of people don't carry much cash anymore. |
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LarryCoon
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Joined: 11 Aug 2002
Posts: 11265
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| Posted: Mon Mar 04, 2019 7:25 am Post subject: Re: Kroger to ban visa credit/debit cards at some stores |
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| adkindo wrote: | | fwiw, those are pretty good rates that your merchant service provider is giving you based on what I assume is a small number of transactions (relatively speaking compared to a retail outlet doing business 7 days a week). Pay attention to your Discover card rate....some providers price it similar to Visa/MasterCard while some price it at a rate near or in the direction of AMEX. It should be closer to Visa/MC than Amex. Discover usually has the lowest volume, and for that reason many merchant service providers do not advertise it and know many clients will not focus on the rate.....which can allow the provider to make up margins on charging a higher than normal rate. |
Discover, Visa & MC all cost us 1.67%. I do have a little weight behind me, since the same system is also used for all of NBA Summer League and Global Camp. But yeah, those are still small beans compared to a big retailer. |
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audioaxes
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Joined: 26 Apr 2004
Posts: 12573
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| Posted: Mon Mar 04, 2019 12:41 pm Post subject: |
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Well as long as I can use my Amex Blue Cash Preferred for my grocery store purchases for 6% cash back Im good
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adkindo
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Joined: 16 Jun 2005
Posts: 40345
Location: Dirty South
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| Posted: Mon Mar 04, 2019 1:30 pm Post subject: |
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| Did anyone ever carry a Diners Club Card? The original version which did not have a MasterCard or Discover logo. I recall my second professional job, they issued me a Diners Club Card for my expenses.....I did not even know what it was at the time, and my previous firm issued AMEX cards for expenses. It was in the final days of Diners Club standing alone as a charge card, but I never had an issue with hotels, gas and restaurants the short time I carried it. Within a year or two, the firm switched over to AMEX. |
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