Quote:
Originally Posted by ShellyCrash
I've never actually been in a Sam's Club, but I know they are owned by walmart. Pretty hard to believe they don't take Visa. You sure?
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I couldn't believe it myself. I am talking about credit cards, not debit cards, btw. Sam's Club takes Visa debit, just not credit. Walmart right next door takes whatever you got, so it's just Sam's Club.
I had a big argument with them when I was standing in line and it was a huge drama. I even accused them of having a high chargeback rate and losing their MID's for being scammers, but in the end I had to come up with a check card to buy my stuff.
My theory is that maybe it's one or a combination of the following:
1) they are getting some kind of sweetheart deal from MC for being exclusive
2) they actually have such low margins that Visa's rate won't work for them
3) they have some special arrangement regarding chargebacks with mastercard, I imagine because they sell in bulk they might get targeted by people with stolen cards who buy stuff for resale and then of course it gets charged back later.