Meanwhile, MasterCard’s website shows that for standard purchases at independent retailers, its fees range from 1.44 to 2 per cent.But MasterCard also offers lower rates to large retailers as low as 1.26 per cent for those that have a minimum “net purchase volume” of $3 billion.Representatives from Walmart Canada declined to provide the amount of total annual credit card sales. In a statement posted to its website the company said it pays “over $100 million in fees to accept credit cards each and every year.”Last month, Walmart reported worldwide total revenue for the first quarter of its 2016 17 fiscal year at $115.9 billion US.Disadvantages on both sidesDoug Stephens, a Toronto based retail analyst and strategist, noted that both sides will likely see disadvantages to this deal. “If you can’t walk into a mass merchant and use a Visa card, that’s going to seem very strange,” Stephens said.”You can’t ignore the fact that Visa has a tremendous market share,” he said.
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