Westside guy
macrumors 604
It's funny because Chase does support Apple Pay. I imagine, from Chase's perspective, this is more about getting into a cozy relationship with Walmart than anything else.
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Apple Pay Holdout Walmart to Launch QR Code-Based 'Chase Pay' Next Year
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It's funny because Chase does support Apple Pay. I imagine, from Chase's perspective, this is more about getting into a cozy relationship with Walmart than anything else.
There are few more than 2 that accept AP 😛
https://www.apple.com/apple-pay/where-to-use/
But I do agree it's not as widespread as it needs to be.
I think the online store version, iPhone's, iPads, new MBP's and the more than likely stand alone keyboard versions of TouchID will spread enough adoption and pressure to the physical stores to adopt quicker.
Here's hoping 🙂
Merchants don't pay differently if one customer uses a swipe payment and another uses Apple Pay. They'll pay differently depending on the card used (Amex, Visa Platinum, etc). It's the banks that pay.
I'll admit I didn't read the full article, but is Walmart dropping Walmart Pay or are they accepting Chase Pay in addition to?
On security, I think we need to consider the security of walking around with lots of cash and the risk of being mugged. I literally never carry cash. They can have my wallet and take all my credit cards. I will have them canceled and with zero liability within 24 hours. There are equally big risks by having your CC number exposed especially if you don't know it is being used and you do not cancel. THe issue I have with cash is basically what I stated. Cashiers take forever to count on their toes and fingers to figure out the correct change amount. This is only slight hyperbole. I do a lot of shopping at the farmers market (thank god they all use square readers) and for a couple of them I do the math and tell them what to charge me. It seems to me that the art of basic math is lost on too many in this country.
As for your other point, please send me the list of the 4 stores, I would love to visit them. 😉😛😀
I remember how left out I felt that they couldn't "add" Apple Pay to my old iPhone 5S. Now having an SE I find myself less and less trying to be cool and using my Apple Pay when my credit card sits on a sleeve attached to my phone case and it's easier to pull that out and use it vs. trying make the home button trick work right so Wallet opens or simply remembering I have Apple Pay at all (for the few retailers I go to that actually support it). Until they figure out how to make the phone the de facto for everything from ID to payments to even keyless remote (AND DISNEY, IF YOU'RE PAYING ATTENTION: THE REPLACEMENT FOR THAT 2 BILLION DOLLAR FLOP CALLED MAGIC BANDS--you know, the things you send me about every 3 months and I have to cut up the last set that I already didn't want to use--you know, the things that work even worse, as if that was possible, now that you're collecting finger prints for my 3, 7 and 9 year old at the gate--you know, the thing you always have to call a gate manager over to troubleshoot because it scans in blue and not green because their tiny fingers are TOO SMALL TO GET A GOOD FINGERPRINT READ FOR YOUR SYSTEM???? Sorry, I'll calm down now), this is no replacement for anything; it's just a novelty.
Return Zero
macrumors 68000
Umm... Private, yes. Secure, not entirely. In the event of loss or theft, you can't disable the value from cash and return it to your pocket, or track fraudulent activity to possibly catch the thief. It's only as secure as you can physically protect it, and there is virtually no contingency plan if you fail to do so. Unless you are talking about amounts greater than what a bank will insure, or if your bank is just terrible and doesn't have your back, cash is arguably less secure.
LeadingHeat
macrumors 65816
There's actually closer to hundreds being accepted or on the list to close to accepting it. http://www.macworld.com/article/283...-guide-on-how-and-where-to-use-apple-pay.html
OldSchoolMacGuy
Suspended
Haven't shopped at Walmart in more than 15 years so this has no impact on me.
Having said that, I understand why a business like that doesn't want to go with Apple Pay.
Big stores like Walmart, Target, Home Depot, etc, build very accurate customer profiles. By tracking your credit card they're able to build a profile of you. They can even track you across multiple cards by comparing names and purchase history and behavior.
Not only can they understand what you buy but when you buy it and where you buy it. This allows them even better targeting for things like sale ads. What if they can send you coupons they know you'll use, right at the time of month you always buy those items?
These customer profiles are very valuable and can help them get shoppers to spend millions or billions extra with them.
And that's the problem with going with Apple Pay. They don't know who you are. Because they can't tie that transaction back to a specific customer, they can't build a profile.
It has nothing to do with paying a fee. They'll have to pay a fee to the credit card company to process the transaction if you pay with credit instead. But Apple Pay kills their ability to build better profiles and thus make a LOT more money.
Having said that, I understand why a business like that doesn't want to go with Apple Pay.
Big stores like Walmart, Target, Home Depot, etc, build very accurate customer profiles. By tracking your credit card they're able to build a profile of you. They can even track you across multiple cards by comparing names and purchase history and behavior.
Not only can they understand what you buy but when you buy it and where you buy it. This allows them even better targeting for things like sale ads. What if they can send you coupons they know you'll use, right at the time of month you always buy those items?
These customer profiles are very valuable and can help them get shoppers to spend millions or billions extra with them.
And that's the problem with going with Apple Pay. They don't know who you are. Because they can't tie that transaction back to a specific customer, they can't build a profile.
It has nothing to do with paying a fee. They'll have to pay a fee to the credit card company to process the transaction if you pay with credit instead. But Apple Pay kills their ability to build better profiles and thus make a LOT more money.
More specifically, retailer-specific payment apps. The US will never have contactless infrastructure anywhere near as good as elsewhere unless it's forced on retailers, unfortunately.
IMO Target has no plans to implement it in-store either. Much like Home Depot, they managed to pull a PR coup that made people forget about their lack of/removing support.
It's a bit more complicated than that. Retailers likely do have to pay extra for contactless when a customer uses a debit card simply because they have to run them as credit. (Prompting for PIN with debit cards in Apple Pay makes for a poor customer experience.)
Albertsons will probably go away from that list soon since they're transitioning to Safeway's POS system (which doesn't support contactless). It does work at most of their locations for the time being though.
I heard Samsung has a cool method that does not depend on Samsung pay and no one even needs to agree to take it. Is this true? My credit card does not accept Apple Pay so I cannot use it anyway. But if I did a lot of it would potential go to Walmart. I got kids.
And no one is going to use this weird method. If it's not seamless it's toast. If I have to do anything taking more than 5 seconds it's not going to work.
And no one is going to use this weird method. If it's not seamless it's toast. If I have to do anything taking more than 5 seconds it's not going to work.
Menel
Suspended
Carlanga
macrumors 604
lmao, Walmart sells the iPhone and the iPad even the pro version. Your core demographic thinking is so biased its wrong.
Kaibelf
Suspended
Have you considered changing banks? Most credit unions give a superior set of benefits now and have way less in the way of fees.
Westside guy
macrumors 604
Heck, just thinking locally I've been able to use Apple Pay (NFC payments, in other words) at McLendon's Hardware, Mud Bay Pet Supply, Starbucks, Jimmy Johns, McDonalds, Panera Bread... even my dentist. There are probably other places I've used it as well... that list is just from memory.
Why would anyone use this? It's more complicated than swiping your credit card.
Apple pay has the advantage of being easier/faster.
Apple pay has the advantage of being easier/faster.
Kaibelf
Suspended
What are you talking about? When the card reader lights up and is ready for a swipe/chip card insert/NFC, you just hold your phone to it and it'll open the Apple Pay prompt/wallet by itself. You don't have to unlock the phone, wake it, open any app, or anything else. Just apply your thumb/finger when prompted.
Seriously though, in the case of Walmart their lack of contactless support likely is because of the fees. I mean, they're currently suing Visa and MC so they can be allowed to force all debit cards to be run as debit. Not to mention that they stopped accepting Visa up in Canada...because of the fees.
Walmart Pay works very well for their business model because in the worst case, they pay slightly extra for "card not present" transactions and have everyone's data. With Savings Catcher and the other stuff included in the app, they also gain customer loyalty, meaning that people will shop at Walmart more often even if they have a choice to go elsewhere for something.
In the best case, they can eventually start offering an ACH payment option like what they originally wanted to do with CurrentC (and encourage people to use it by offering significant discounts), significantly reducing the amount they pay Visa/MC. They could also potentially reduce their staffing costs by allowing "mobile only" checkout, where you don't have to deal with any employees at all while shopping.
Anyway, I think you'll find that a lot of the other holdouts have come to a similar conclusion: that there is no downside to having their own apps while supporting contactless payment may actually be detrimental.
Walmart Pay works very well for their business model because in the worst case, they pay slightly extra for "card not present" transactions and have everyone's data. With Savings Catcher and the other stuff included in the app, they also gain customer loyalty, meaning that people will shop at Walmart more often even if they have a choice to go elsewhere for something.
In the best case, they can eventually start offering an ACH payment option like what they originally wanted to do with CurrentC (and encourage people to use it by offering significant discounts), significantly reducing the amount they pay Visa/MC. They could also potentially reduce their staffing costs by allowing "mobile only" checkout, where you don't have to deal with any employees at all while shopping.
Anyway, I think you'll find that a lot of the other holdouts have come to a similar conclusion: that there is no downside to having their own apps while supporting contactless payment may actually be detrimental.
Weird. Why spend the effort enabling a system that only supports one issuer's cards? Why then put it into the Wal-Mart app, where it will presumably sit next to Wal-Mart Pay but function differently? With Wal-Mart Pay you scan a QR Code at the register, with Chase-Pay you show a QR Code to the cashier?
Why not just implement NFC payments where you can take ApplePay, AndroidPay, SamsungPay, etc for every type and issuer of card you accept? If data is that super important to you, create a loyalty program like Walgreen's has that allows customers to also self identify via NFC to get loyalty discounts, etc.
I actually don't mind using Wal-Mart pay (I've tried it out a few times), but I don't understand why they'd want their own proprietary system to manage and why they'd want to pay "Card Not Present" fees each time it's used. (I know the transactions are coded as Card Not Present and both my AMEX and Visa text me alerts when my card is used Card Not Present and I get the alerts if I use Wal-Mart pay. So their system is actually costing them MORE to accept than ApplePay would.
Why not just implement NFC payments where you can take ApplePay, AndroidPay, SamsungPay, etc for every type and issuer of card you accept? If data is that super important to you, create a loyalty program like Walgreen's has that allows customers to also self identify via NFC to get loyalty discounts, etc.
I actually don't mind using Wal-Mart pay (I've tried it out a few times), but I don't understand why they'd want their own proprietary system to manage and why they'd want to pay "Card Not Present" fees each time it's used. (I know the transactions are coded as Card Not Present and both my AMEX and Visa text me alerts when my card is used Card Not Present and I get the alerts if I use Wal-Mart pay. So their system is actually costing them MORE to accept than ApplePay would.
I find that double-tapping on the Home button is faster, actually. It can take a second or two for the phone to detect NFC in my experience.
See my post above. Walmart likely comes out ahead in the long run even with them running cards as CNP (which might only be temporary if they manage to convert people to less expensive payment options).
69Mustang
macrumors 604
You don't know what core demographic is do you? If you do, your reply seems to indicate otherwise. How can my thinking be biased when you obviously have no idea what I classify as Walmart's core demographic.
Did you not see the joke? It was a hyperbolic commentary on the very slow acceptance of Apple Pay in the US retail sector. Let me try again: Obviously I know there are more than 6 stores accepting Apple. There are at least 7 or 8.😀😛😀😛😀😛 <--- indicates joking
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