Apple Pay Doubled Mobile Wallet Transactions at Walgreens, Accounted for 50% of Tap-to-Pay Purchases at McDonald's

[Lochias]

You need to go back to school pal! lol!

Try 100 x 0.5 (50%)
Now try 100 x 2 (doubling..)

If you're getting the same number can I borrow $1000 and I'll pay you back double!

Instead of joining the mob, piling on to one perceptive if not rigorous comment, can't we just move on?

If Apple Pay is added to the mix and nobody moves, AP getting half and the total doubling are logically, mathematically, and absolutely equivalent.

Now let's all get a life.

 

[Chupa Chupa]

The NYT article is really a waste of ink and paper because it doesn't really say anything other than people with iPhone 6's frequenting McDonalds and Walgreens tried Apple Pay.

What the article does not say (and what merchants want to see) is this:

1) Does NFC encourage more impromptu spending?

2) Does NFC influence where shoppers shop?, i.e., Did McDonalds and Walgreens see a significant bump in total transaction volume due to mobile payments or did the mobile payments increase at the same rate swipe and cash payments decreased making transaction volume?

 

[ItsGavinC]

Hey MR..

Isn't 50% and doubled the same thing?

Not even close in any way. The two things aren't even related. I cannot believe the poor reading comprehension and lack of basic math skills.

One (doubling) talks about increase in overall volume.

The other (50%) refers to a portion of a volume, (which volume may have increased, stayed the same, or even dropped) but tells us nothing of the total volume.

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If Apple Pay is added to the mix and nobody moves, AP getting half and the total doubling are logically, mathematically, and absolutely equivalent.

More poor logic. The "doubling" and "50%" we are discussing are reported individually from two different companies. That makes them nowhere near logically, mathematically, and absolutely equivalent.

Walgreens doubled.
McDonald's mobile pay transactions were 50% ApplePay.

Not the same.

 

[ptb42]

You realize those are the same numbers right? Doubling the number of transactions and accounting for half of them?

No, it doesn't necessarily mean that.

McDonalds could have only increased tap-to-pay purchases by 25%, and then Pay accounted for half of them.

That might indicate that people previously using tap-to-pay with a card switched to Pay.

 

[ArtOfWarfare]

You realize those are the same numbers right? Doubling the number of transactions and accounting for half of them?

Furthermore, is this even enticing to merchants? It doesn't actually reflect an ability to process more transactions per minute or an ability to use fewer resources, or an uptick in total number of customers or the amount that they're paying, or a decrease in the number of accounts compromised, which are supposed to be the main selling points of Pay.

 

[richman555]

These things take time. Most people don't know what NFC or mobile payments are yet or do not trust it.

The best advice is to keep using it whenever you can.

 

[chumpy34]

Slow Returns???

I have used Apple Pay several times and works great! However, I did return a purchase at Macy's that I paid using Apple Pay and it took 11 days to get the refund on my Capital One credit card. Has anyone else seen delayed times in returns? Usually, you can except a return to show up within 24-48 hours using the traditional credit card.

I did see that with Apple pay, the transaction goes through the device ID number and so the return does as well, I called Apple and they said there should be no delay so not sure.

I just bought something from Nike the other day and took one of the items back and it hasn't shown up either, going on 3 days now.

Thanks for any feedback...

 

[dontwalkhand]

Furthermore, is this even enticing to merchants? It doesn't actually reflect an ability to process more transactions per minute or an ability to use fewer resources, or an uptick in total number of customers or the amount that they're paying, or a decrease in the number of accounts compromised, which are supposed to be the main selling points of Pay.

Its enticing because seconds do count when running a register line. Pay attention next time at target at the conclusion of a transaction, you'll see G or R, which means green or red. It means how long did the cashier take to complete the transaction.

 

[ArtOfWarfare]

You need to go back to school pal! lol!

Try 100 x 0.5 (50%)
Now try 100 x 2 (doubling..)

If you're getting the same number can I borrow $1000 and I'll pay you back double!

You did your math wrong.

Pay double mobile wallet transactions at Walgreens means:
Pay * 2 = mobile wallets

50% of mobile wallet purchases at McDonalds were Pay means:
0.5 * mobile wallets = Pay

These are equivalent statements. To go from the first to the second, divide both sides by two then reverse the sides. To go from the second to the first, multiply by two and then reverse the sides. They're equivalent statements.

But yes, please, you can borrow $1000 if you'll pay back $2000. It's hilarious that you got your math wrong and then, even by your own incorrect math, gave yourself the short end of the stick.

You need to go back and study converting word problems into mathematical statements in Algebra I.

 

[SK360]

Toys R Us probably didn't see much of an increase because nobody shops there.

Used it at Toys R Us last night lol.

 

[NMBob]

Users in these stats have the newest iPhone 6, a highly sought after premium device. Its users demand the best.

Not willing to get better food than McDonalds.

Oye....

They can't afford it after paying for the phone and a decent data plan.

 

[bmad5]

Bad Assumption

You realize those are not the same numbers, right?

Doubling: We used to process 200 transactions, but now we process 400.

Accounting for half: We used to process 200 transactions, and we still do, but now 100 of them are Apple Pay.

Except you are overlooking the fact that Apple Pay is brand new.

Which is more likely:
* 50% of of last month's Google Wallet purchasers went out and bought an iPhone 6 but continue to crave McNuggets
* McDonald's doubled their tap-to-pay purchasers with new-to-NFC-payments iPhone 6 users

$20 says at least 98% of people using Apple Pay are new to NFC and not switching from Google Wallet (or others)

 

[TimelessOne]

You need to go back to school pal! lol!

Try 100 x 0.5 (50%)
Now try 100 x 2 (doubling..)

If you're getting the same number can I borrow $1000 and I'll pay you back double!

No he is right. Instead of insulting they guy you have to think it threw a little bit.

First say the place had 100 wireless transaction per month before apple pay.
After apple pay it jumped up to 200 per month due to usage. Considering apple pay is new then it is unlikely to steal customers from somewhere else in mobile. Instead it is going to grow the market.

Saying apple pay is 50% of the usage is correct and saying it double the usage is correct.
They basically said the exact same thing just worded it differently.

 

[Someyoungguy]

Weird. Android users said that we were iSheep for buying the new iPhone and that this tech has already existed for years in Android phones and was no big deal?

This is the part I find most interesting. What does market penetration really mean if it takes us "iSheep" to cause a doubling of NfC payment activity and to actually cause non-iPhone users to use their eWallets?

 

[samcraig]

I'm amused by some of the responses. I'm happy Apple Pay is making NFC popular... however, there were several posters on this forum (not this thread) who used to poke fun at the fact of how paying for McDonalds and Walgreens/etc via NFC was stupid, not necessary and wasn't anything "special." Oh times change.

 

[TraceyS/FL]

Its enticing because seconds do count when running a register line. Pay attention next time at target at the conclusion of a transaction, you'll see G or R, which means green or red. It means how long did the cashier take to complete the transaction.

Tsk tsk tsk.... You know it really means how long it took the person to pay

Digging for change, writing a check? I'll be red...... Doesn't matter how much I try to hedge my bets to speed things up.

Thankfully, I never cared about my speed, I was green when I could be - but I wasn't about to tell anyone they couldn't dig for change.

 

[Glideslope]

Buckle Up........

..... gear is up and Apple is going to FL 50 in a 20 degree climb at 400 knots.

It will be "magical."

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One day this will read "tap to pay accounted for 50% of all payments"

Sooner than you think.

 

[peterh988]

Furthermore, is this even enticing to merchants?

I had a friendly chat with the manager of my local supermarket about the roll out of their new loyalty card, which drifted into talking about Apple Pay. The prospect of being able to shave even 10 seconds off every transaction was the most appealing thing about it to him.

 

[Rogifan]

I'm amused by some of the responses. I'm happy Apple Pay is making NFC popular... however, there were several posters on this forum (not this thread) who used to poke fun at the fact of how paying for McDonalds and Walgreens/etc via NFC was stupid, not necessary and wasn't anything "special." Oh times change.

If it's not coming from the same people then I don't see was amusing about it.

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I had a friendly chat with the manager of my local supermarket about the roll out of their new loyalty card, which drifted into talking about Apple Pay. The prospect of being able to shave even 10 seconds off every transaction was the most appealing thing about it to him.

Reminds me of a conversation I had with a Target employee when my local Target's self checkout was unavailable. I was saying how I can't wait for it to come back. I kind of expected them to disagree (as self checkouts are basically putting cashiers out of work) but they completely agreed with me and said they would be so glad when it's back. Self checkout and Pay? Yes, yes, yes!

 

[TonyPie]

How does one use ApplePay at a restaurant when a tip amount is expected? Do you tell the server to add a tip to the bill. There's a new restaurant in my area that has servers with mobile NFC (I believe) readers that swipe your card right next to you and print-out a receipt.

 

[TallManNY]

How does one use ApplePay at a restaurant when a tip amount is expected? Do you tell the server to add a tip to the bill. There's a new restaurant in my area that has servers with mobile NFC (I believe) readers that swipe your card right next to you and print-out a receipt.

Probably like a cab does. You enter the tip on the screen and you apple pay after entering the tip.

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I've used it a few times. In cabs it has worked perfectly every time. At the Apple store it worked. I used it once at the Barclay Center for a beer and it worked. But the next game I tried it again and it didn't work. They've just launched a competing Barclay Center/Nets e-wallet using QR codes. So I think the cashier thought I was going to do that and activated that form of payment.

It is definitely a learning process for all of us. But it will definitely cause me to use my credit card (through Apple Pay) much more than I normally would. I don't like spreading my cc number around so I don't use it for small purchases. But if I can Apple Pay, then I can avoid using up cash and getting back nearly useless change that ends up in my change jar until I lug it to a bank.

I think this is a big win for the credit card companies because they are going to get fees on transactions that normally would be cash deals. I think eventually this is a small win for the taxpayers as the credit card deals will get recorded as income in a way that MANY cash transactions never are. But not much of a win for small business who often declare only part of their cash transactions.

 

[Lochias]

Not even close in any way. The two things aren't even related. I cannot believe the poor reading comprehension and lack of basic math skills.

One (doubling) talks about increase in overall volume.

The other (50%) refers to a portion of a volume, (which volume may have increased, stayed the same, or even dropped) but tells us nothing of the total volume.

----------



More poor logic. The "doubling" and "50%" we are discussing are reported individually from two different companies. That makes them nowhere near logically, mathematically, and absolutely equivalent.

Walgreens doubled.
McDonald's mobile pay transactions were 50% ApplePay.

Not the same.

Nobody disputes that there are two companies, two tales, two handles on a mix. If there are no forests, no connections between your trees -- and Walgreens's doubling had no connection to Apple Pay after v. no Apple Pay before -- then you merit full marks. Bravo!

 

[dontwalkhand]

How does one use ApplePay at a restaurant when a tip amount is expected? Do you tell the server to add a tip to the bill. There's a new restaurant in my area that has servers with mobile NFC (I believe) readers that swipe your card right next to you and print-out a receipt.

Just like you do at Chili's today, right on the terminal itself. The nice part about this is that the full amount including tip is already right there in your statement.

 

[mdlooker]

I haven't had a chance to really use pay yet as I never shop at Walgreens and rarely, if ever, eat at McD's. So now I have 4 CCs that are accepted to use with pay but can't use them. Now when the gas pumps, Walmart and commissary catch up then I'll be good.

 

[dontwalkhand]

I haven't had a chance to really use pay yet as I never shop at Walgreens and rarely, if ever, eat at McD's. So now I have 4 CCs that are accepted to use with pay but can't use them. Now when the gas pumps, Walmart and commissary catch up then I'll be good.

I've had great luck at mom and pops and grocery stores. Also I'm sure your car could use some gas too .