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JCPenney Removes Apple Pay Support From Its Retail Stores and Mobile App [Updated]
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Banks started supporting Apple Pay right from the beginning. The issue was merchants putting in contactless hardware.
The advent of the internet for business transactions over the last 20 years has been commensurate with the fade of brick-and-mortar businesses, especially the large department store chains like Sears (& Roebuck), JC Penny, K-Mart, Foley's, Macy's, etc. Prior to web browsing and internet shopping, folks flocked to department stores as a convenient place for general shopping and browsing for products of interest. The closest thing to web browsing prior to the internet and "www" was window shopping at malls, where one or two department stores were usually the big draw, supplemented by mail order through publications like the Sears Catalog. The decline of department stores has been a parallel trend to the decline of hardcopy news and magazines, both losing ground to internet commerce and content consumption.Same experience. I remember when Sears was thriving as well. Way back when Disney sold all their characters through Sears. My Aunt was an East Coast Manager for Women’s Clothing there. Every Christmas when I was “the age” I would get to go to Sears and pick out a giant Winnie- the- Pooh character. Man I feel dated.
https://www.businessinsider.com/chart-shows-death-of-department-stores-2016-5
I'm becoming more wary of places where I can't use Apple pay. I've had my CC # stolen one too many times (not the card I use for online purchases), clearly from stores or restaurants where I've shopped that didn't take Apple Pay.
Pretty much preferentially shop at places that take it now. Kohl's, Wegman's, Dick's, Best Buy and Target are the main ones. Ironically, those last two were notorious ApplePay holdouts.
Pretty much preferentially shop at places that take it now. Kohl's, Wegman's, Dick's, Best Buy and Target are the main ones. Ironically, those last two were notorious ApplePay holdouts.
And you’re making the false assumption that merchant accounts benefit anyone but the banks. The fees, surcharges, aka the “vig” increase constantly. If there is any cost adder, as exists with ApplePay's transaction fee, you can be damn sure the bank is going to pass it on to the seller.
It’s not like I was going to shop at JCP anyway, but this seals the deal.
They join the ranks of Kroeger and Walmart as places I won’t patronize.
If a merchant won’t let me pay the way I want to, I’ll go to one that will. Simple as that.
They join the ranks of Kroeger and Walmart as places I won’t patronize.
If a merchant won’t let me pay the way I want to, I’ll go to one that will. Simple as that.
You’ve ONVIOUSLY never seen a Tablet+Paragon SW+Card swipe reader in action if you call swiping secure
Where is that pic of credit card thief from that commercial, the geek guy with q models face ? Lol.
It is also because many the U.S. moved to take credit/charge cards much earlier than most of the rest of the world. Almost every store (even very small/low average transaction cost ones) has taken credit cards since the late 1980’s. Forcing merchants to upgrade to chip readers would be a much greater cost than it would have been had many not taken cards and were just buying a terminal for the first time (true in many places).
The switch to EMV in Europe also changed the fraud liability to the consumer, encouraging merchants to upgrade their terminals, a change that happened much more recently here (again, due in large part to the cost of switching so many terminals).
They probably needed the customer data as another revenue stream because they circling the drain, and since Apple won't provide it to them, they are forcing the issue on their customers by making them use a less secure solution that can perhaps give them a trickle of income. Of course, considering a decent segment of their customer base still uses a paper check to pay, whatever.
While I appreciate that everyone has (and is entitled to) a different perspective, I'm curious about your statement. What exactly is "too much hassle" about using ApplePay? Also, what incentives would you like to see from Apple?
For the record (MY USE CASE ONLY) ApplePay is just too easy... and I would be delighted to see all retailers finally transition to supporting contactless payments. I have six (6) different cards loaded into AP, including a corporate card, and both using AP and switching between cards is easy. Certainly no more difficult that pulling out my wallet, and because I have a default/primary card that is used for 90% of purchases it is far easier.
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So? That's between Apple and VISA/MasterCard/Amex... not individual merchants. If Apple eliminate the fee - or doubled it - merchants would see zero difference.
No its not. Macy's is in real trouble as are most mall department stores. They are closing stores this year which is only the beginning. Thats how it all starts. Plus less and less people are going to stores in general. Everything is e-commerce now, even food.
Not that I did before this, but one less reason to shop at JC. I understand cut backs from a company on life support the better part of this decade, but if they're worried about a 0.15% fee, they've got bigger fish to fry.
They had roughly 13 billion dollars in revenue last year. Theoretically, if they sold that 13 billion dollars worth of merchandise using ONLY Apple Pay, the fee would be under 20 million. Seems pretty negligible in the grand scheme of things. And my guess, less than a quarter of customers actually use Apple Pay which brings that figure down to under 5 million.
They had roughly 13 billion dollars in revenue last year. Theoretically, if they sold that 13 billion dollars worth of merchandise using ONLY Apple Pay, the fee would be under 20 million. Seems pretty negligible in the grand scheme of things. And my guess, less than a quarter of customers actually use Apple Pay which brings that figure down to under 5 million.
Seems to me that merchant accounts benefit both the merchant and the bank. Open a retail store which only accepts cash and let me know how that works out for you. Even Aldi had to suck it up and start accepting credit cards.
Please cite where a merchant is paying higher rates for ApplePay transactions. Pretty much every resource I've read, of which I've cited two, indicates the fees are at least the same if not lower.
I disagree, apple card interest rate r high as hell and the reward system is a joke, probably only die hard apple fanboys and apple apologist would get onboard the whole titanium looking card
Actually, the rates are on the low end of average for American credit cards. But hey, go ahead and make up stuff.
JCP is struggling. They had a leader that was trying to push them into the 21st century and they fired him. So yep, the more they alienate people the less people shop there. Eventually they will shutter and go the way of blockbuster and others that never caught up with the times. It's too bad.