They can't - the contract is confidential.
From your CNN link:
The only thing we know is that it's not "supposed" to lose money. We all know how well the government accounts for money....
At Walmart the QR code is displayed on the card terminal.How are QR code scanners easier? You need an extra piece of equipment in addition to the credit card terminal.
Where in that earnings statement did they break down revenue from Amazon?
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It costs less than $50 to accept NFC. You can use your own smart phone as the “register”. So the entire cost for a street vendor to accept NFC is $49 and the phone they already own. What business can not afford this?
https://squareup.com/us/en/hardware/contactless-chip-reader
Walmart (and Target) will have to give in one day. It's only a matter of time. Apple Pay is fast and convenient, unlike a cashier or chip card...
So you’re speculating then. Ok, glad we cleared that up.
How are QR code scanners easier? You need an extra piece of equipment in addition to the credit card terminal.
EVERYONE is speculating because the contracts are confidential. We have no idea how or what Amazon pays the USPS. And how increased volume or costs (at some point when volume goes up so do costs) are accounted for. When the contracts were signed it could have been breakeven or profitable but increased volume beyond what they thought could easily erase any profits and/or send things negative. We'll never know as it's confidential.
So why are you just assuming they are losing money on this. I don’t understand.
You understand the USPS is doing last mile delivery only right? Amazon handles getting the package to the local post office and then mail person delivers it on their normal mail route so they are delivering these packages to addresses they would be visiting anyway to deliver mail.
I'm not saying one way or another. The USPS could very well make money on the Amazon contract. None of us know for sure unless we've studied the contract with them and I'd imagine that is a small # of people.
You do understand last mile delivery is a large chunk of delivery costs, about 53% according to https://www.businessinsider.com/last-mile-delivery-shipping-explained
Sure the USPS is passing my house every day to deliver mail. Consider the volume of mail vs the volume of even a small Amazon package. Now multiply that by, say the 120 houses in my development. See where costs add up quick? The carrier that could deliver to a section of town in a station wagon now needs a van because of the packages.
There is a reason Fedex and UPS charge more for residential deliveries.
Look out superior people that *don't shop at Walmart*!
That condescension looks good on you. Really.
There are a few, Fresh Market, Aldi, Lucky's, Winn-DixiePublix refuses to support Apple Pay too. Since Albertson's left Florida their only real competition (I'm not counting Trader Joe's and Whole Foods) is Walmart.
Presumably he means that Apple keeps records of transactions so the financial institutions don't short-change them. I'm not sure why you assumed what you did.You really think the credit networks/banks are sending them millions of individual payments for the fractions of a cent Apple gets on each transaction? Come on now.
No idea on how UPS and Fedex but I'd imagine their contracts are also confidential. But being public companies (vs government) there is a little more transparency on the health of the company. And no taxpayers to absorb losses for Fedex or UPS should their be a miscalculation.Are Amazon’s contracts with Fedex and UPS not confidential also? Why would their contract with USPS be any different?
I used to think this as well, but after doing a lot of reading USPS actually doesn’t take any taxpayer money. They pay their deficits out of all of the profit they built up over the last decades. They get small refunds from the government for shipping packages for nonprofits at reduced rates, and they have tax exempt status, but other than that the government (and thus tax money) doesn’t fund them. It can’t with the laws that currently exist.No idea on how UPS and Fedex but I'd imagine their contracts are also confidential. But being public companies (vs government) there is a little more transparency on the health of the company. And no taxpayers to absorb losses for Fedex or UPS should their be a miscalculation.
Nobody knows what's in these contracts or how they are written. We don't know how anyone is charged - is it per package, volume discount, weight, delivery area, size of package, etc?
Why is “no plans” in quotes. It’s like you mean something other than you have no plans to patronize Wal-Mart. Almost like you are being sarcastic in your “no plans” - like you have every intention to continue to patronize Wal-Mart.And I have "no plans" to ever walk into a Wal Mart on principle of them holding back the advancement of a consumer-friendly tech.
Plenty of other, better stores just like it.
It's always funny to see the underclass walk around like they're Jay Z / Bill Gates in these places.
I used to think this as well, but after doing a lot of reading USPS actually doesn’t take any taxpayer money. They pay their deficits out of all of the profit they built up over the last decades. They get small refunds from the government for shipping packages for nonprofits at reduced rates, and they have tax exempt status, but other than that the government (and thus tax money) doesn’t fund them. It can’t with the laws that currently exist.
I don’t have Walmart in the country I live. So it’s 2018 and Walmart’s eftpos terminals don’t support NFC?
Shop at Amazon? They are worse than WalMart. At least the thousands of Walmarts employ hundreds of locals per store. While Amazon employs practically none. Pay sucks at both.
From an end user/consumer's point of view: So what. Apple Pay is so not important (to the end user). I used to use Apple Pay exclusively at my nearby grocery store for the last year and yes it was a few seconds faster than using a credit card - if my finger wasn't wet from lifting cold items on to the conveyor but it definitely wasn't any faster or more convenient using it at another store.
I've since moved to a small town where nobody utilizes ApplePay enabled terminals... And I don't miss it one bit. Using a credit card is just as fast.
To all of those moaning & complaining that ApplePay isn't available in your area... I'll let you in on a little secret: so what. It's a gimmick. Totally absolutely unnecessary. I don't miss using it at all.
Wal-Mart's target demographic is somewhat less likely to have an iPhone and use Apple Pay than the average person. Further, Apple Pay is stupid, it is just a more complicated kludge than using your VISA card like it was meant to be used, so no less there.
And what is with all the Wal-Mart hate? They have some good stuff for cheap in there, some good store brands, and it's very convenient. I shop there all the time. I wouldn't buy meat there, and their furniture is crap, but they have a lot of good and useful stuff.