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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...
 
How are QR code scanners easier? You need an extra piece of equipment in addition to the credit card terminal.
 
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....

So you’re speculating then. Ok, glad we cleared that up.
 
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

Apparently, lots of business can't or don't have incentive to install NFC reader. This is hard facts. There is no denying that QR system is more business friendly and can be setup almost with no effort.
 
I can just see it now. "Walmart Pay data breach - hundreds of customer credit cards leaked.", lol, hundreds...
 
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...

That's depends on how much you spend. Anything over 100 dollars (here in Canada) will still requires you use chip card. A trip to Costco can easily over that 100 dollar limit.

Just saying, if you are going to need carry you wallet anyway (i.e. drivers license, health card, membership cards and changes etc.), you might as well just pull out and pay with chip card.
 
So you’re speculating then. Ok, glad we cleared that up.

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.
 
How are QR code scanners easier? You need an extra piece of equipment in addition to the credit card terminal.

All store need to do is display the QR code on screen or posting the QR code near cashier. Customer use phone to scan the QR code.
 
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.
 
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.
 
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.

Are Amazon’s contracts with Fedex and UPS not confidential also? Why would their contract with USPS be any different?
 
Look out superior people that *don't shop at Walmart*!

That condescension looks good on you. Really.

I hate Walmart because the Walton family disgusts me. I don't care if they have improved the way they treat their employees. Too little, too late. Call me anything you want - it's a matter of principle to me. My measly $$ mean nothing to THEM, but a lot to ME.
 
Publix 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.
There are a few, Fresh Market, Aldi, Lucky's, Winn-Dixie

Publix is certainly king though, which is fine with me they are a great chain. I'll shop at Fresh Market though since it's more convenient and they take Apple Pay. If Publix and Fresh Market were equidistant it would be a tough choice, though.
 
The lack of standardization may potentially hinder technological progress. If everyone jumped on the NFC bandwagon from the get go, shopping would be much simpler. There wouldn't be a need to carry a wallet in your back pocket, eventually.
 
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.
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.
 
Are Amazon’s contracts with Fedex and UPS not confidential also? Why would their contract with USPS be any different?
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?
 
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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?
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.
 
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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.
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.

Hey, by all means... avoid the great deals because you can’t pay with your phone.
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It's always funny to see the underclass walk around like they're Jay Z / Bill Gates in these places.


Congratulations on your elevation to the upper end of the caste system. Please tell the Hiltons I said “hello”.
 
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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.

Thank you for this. Too many people seem to think the USPS is just a standard governmental organization like the FBI or the FDA or whatever when in reality it’s more like a quasi-corporation owned by the government which is statutorily requires to cover its own liabilities and expenses. They used to turn a tidy profit until the Congress forced them to pre-fund their future pension liabilities for 75 years into the future i.e. they are currently funding the pension for employees who haven’t even been born yet.
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I don’t have Walmart in the country I live. So it’s 2018 and Walmart’s eftpos terminals don’t support NFC?

They do support it. Walmart purposely disabled NFC so people would be forced to use their ****** QR based payment system if they wanted to do mobile payments.
 
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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.

Not a gimmick, if you are interested in top-notch security. THE most secure way to use a debit or credit card!
 
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.
 
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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.

How is it more complicated then using a physical card?
 
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