Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple Pay Holdout Walmart Expands 'Walmart Pay' to 16 More States
- Thread starter MacRumors
- Start date
- Sort by reaction score
I use Apple Pay via the watch whenever possible. And I avoid Wal-Mart like the plague. Costco is where it's at! Their gasoline prices alone make the membership worth it.
According to their annual revenues, a lot of people. I live in an uper-middle class of Toronto. I have 3 Walmarts within a 20 minute drive of my place.
[doublepost=1466796401][/doublepost]
Not correct. While most Chip-n-PIN terminals have NFC capabilities, npot all don't and having to accept Chip-n-PIN does not force you to enable NFC.
[doublepost=1466796666][/doublepost]
All but a few small places bring the terminal to the table since all transactions are Chip-n-PIN, most of those portable terminals do not support NFC.
Davelfc said:
I feel this post warrants the use of the word 'pwned' even in 2016TurboPGT! said:
It's actually easier and cheaper for small stores to upgrade as most of them rent the terminal from the payment processor. New tech comes along, they get a new terminal. It's the big chains with the integrated POS/payment that are resisting because of the cost.
To be fair you can't get mad at Walmart for thinking different. That would be kind of ironic.
While Apple pay is good, so is competition. That said. I go in Walmart maybe once per year if that so the likelihood of me having their app installed is zero.
While Apple pay is good, so is competition. That said. I go in Walmart maybe once per year if that so the likelihood of me having their app installed is zero.
Re: the posters who haughtily claim they never shop at Walmart.
The Walmart closest to me is an okay place, clean and well stocked. I find it handy if I need something after most stores have closed (like auto speakers), or I need something in an emergency (like a snowblower when a storm is about to hit!)
Yet another Walmart, in a location frequented by people with low income, is not so nice.
So I wonder if the posters who diss shopping there, might live in less desirable locations to begin with.
The Walmart closest to me is an okay place, clean and well stocked. I find it handy if I need something after most stores have closed (like auto speakers), or I need something in an emergency (like a snowblower when a storm is about to hit!)
Yet another Walmart, in a location frequented by people with low income, is not so nice.
So I wonder if the posters who diss shopping there, might live in less desirable locations to begin with.
It's not 3% on every transaction. Most people who shop at Walmart probably don't even qualify for a credit card. Most debit card transaction fees are capped at 1%+10 cents or around there. American Express probably gives Walmart a discount when people pay with their Bluebird debit/prepaid cards.
Walmart will never win the battle against the card networks, the card networks would stick together and hammer Walmart until Walmart eventually goes out of business.
[doublepost=1466891082][/doublepost]
Walmart has some of the slowest cashiers in the nation. I just find it funny how you said that.
[doublepost=1466892087][/doublepost]
You have no clue what you're talking about.
First, the liability shift for merchants (aside from gas pumps) was last October, not this October coming up.
Second, the liability shift for ATM's is in October 2016, while the gas pump shift is in 2017.
EMV and NFC aren't connected in any way when it comes to the liability shift, yet.
Visa has always had an incentive program to entice merchants to move fully into EMV. This program saves the merchant money by not having to do an annual PCI assessment.
One of the conditions is:
"At least 75 percent of the merchant’s total transaction (chip and magnetic-stripe) count must originate from fully enabled dual-interface (contact/contactless) terminals that are capable of processing complete chip transactions."
And I hate it. Most debit card rewards programs are eliminated now, and those that exist are measly. Also, the % of free checking accounts has gone down since the mandatory reduction in debit card interchange fees, all while our politicians were stupid enough to believe merchants wouldn't take advantage of it and lower their prices instead.
I'm wondering whether a lot of the "rewards" we've gotten were precisely because of the waste in the system. People in Europe and elsewhere seem to like using debit cards with no rewards just fine due to them still being less hassle than cash.
Besides, isn't your advice to always use a credit card for everything?
'
In the United States, absolutely, because we have the best credit/charge cards in the world. AMEX isn't as generous in other countries with their perks and rewards structure, and neither are Visa, MasterCard, or Discover. Not only do we have the best rewards system in the world for credit cards, but we also have the least secure payment system of first world countries, well, at least until EMV is accepted everywhere, and merchants are smart enough to not accept the card if the chip isn't being read correctly, rather than accepting a mag-stripe.
The United States is a free market... But that doofus, Durbin, had to stick his hands where they didn't belong, and it's completely screwed up the debit card system resulting in higher bank fees, more bank fees, delay in EMV certifications, and a lower or eliminated rewards structure for most debit cards. I guess Durbin doesn't understand what a capitalist free market is, but then again, politicians don't know anything about this country, they just pretend they do.
So if the debit card market is in demand enough where merchants need/are willing to accept debit cards at a 3% or 4% interchange rate, that's their problem, not ours. Hopefully the next president will ask congress to look back into the Durbin amendment and have it eliminated.
That is because they have a much different system than we do here.
Europeans seem to think differently than Americans when it come to debt, mainly because they don't live the same way we do. Europe was never seen as the economic powerhouse of the world in the past like the U.S was.
Their credit card rewards are less "nice" than ours. Their banks are more advanced than ours too.
For example, they've moved on to contact-less cards with chip & pin capabilities, as you already know. The banks over there, from what I've heard, also have instant funds transfers from one financial institution to another, and have moved to a check-less society where the government had actually thought about getting rid of them for legal use entirely.
In the past the current rates were justified by "fraud prevention". But if that's no longer as huge of a concern (thanks to EMV and other technologies), how else do you justify those rates? When you swipe a card it's basically computers doing all the work behind the scenes, so it's not like there's a significant amount of manual effort either.
IMO, a reduction in swipe fees is inevitable for both debit and credit. Durbin just accelerated it on the debit side is all.
It's a free market on the banks' side. Merchants' choices are basically:
- Only accept cash.
- Only accept debit cards over the debit networks.
- Accept Visa/MC (+ maybe AmEx/Discover).
Honestly, maybe that's a good thing.
As Visa recently told Congress, the fraud just moves elsewhere.
In the case of a switch to EMV for in person purchases, criminals move to online purchases, and worse: theft after shoulder surfing a PIN, and ATM card capture after skimming the PIN.
For example, between 2005 and 2013 during the UK switch to chip & PIN, overall fraud actually increased by almost 10%.
In the US, there's been heavy server side R&D into real time fraud detection (which is one reason the US was able to wait much longer to switch to EMV).
Last edited:
That's absurd. Everyone shops at Walmart. Including people who can afford to shop elsewhere. Including people who claim that they don't.
Good thing there are already solutions to help with that.
A lot of that is a one-time cost. Not to mention that they'll very likely be able to kill a lot of the heuristics thanks to EMV.