THUNDER BAY -- It's a dispute that started in Thunder Bay, but there now appears to have been a resolution between retail giant Walmart and credit card company Visa.
Walmart in July 2015 stopped accepting Visa payments at its Thunder Bay stores. The refusal to accept Visa credit cards locally was the first step in a fight Walmart intended to, and eventually did, expand across the country.
Walmart officials said its spat with Visa was in response to the company's demands for lower service rates than what is charged to other businesses.
On Thursday Visa issued a statement confirming that the feud had ended.
The statement explains Walmart would start honouring Visa cards on Friday.
There is no word yet on what led to the resolution.
When Walmart began refusing Visa cards in Thunder Bay, it argued the fees charged by Visa to use its cards were excessive. Walmart's stepped up the dispute in October, expanding the no-Visa policy to its 16 stores in Manitoba, and warning it would phase out Visa all together at all of its 400 stores in Canada.
Visa fired back by offering cardholders in Manitoba a reward for buying their groceries somewhere other than Walmart.
TBT News, with files from the Canadian Press
