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Walmart and Best Buy Opt Out of 'Apple Pay' as Apple Leverages Required Point-of-Sale Upgrades
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Can you give me a source for this? From what we've learned so far, there are differences in how the card is stored - or not stored, rather.
What, just because they don't support the payment system invented by your favourite brand? Talk about cutting your nose off to spite your face - do you think they care?
That's your loss, not theirs.
Not even a "bump in the road"
Wal-Mart will when it has to, but considering their primary demographic and the scale of POS replacements, they have plenty of time. As for Best-Buy, well they really don't matter, they probably don't want to pay as they are in a downward spiral and are losing the high end tech consumer market and I don't see a path for them to come back.
Apple has all three major CC companies on board accounting for over 80% of all CC used in the US, that is a lot of leverage and a very comfortable amount of momentum to come out of the gates with.
For now, the only devices that can take advantage of the new Apple Pay are the iPhone 6 & Plus, so that too represents a reason to drag your feet as a retailer, but this is going to be a success for Apple and everyone who matters will come over.
Also as a final thought, soon the whole country will be upgrading their payment systems to go with chip and pin, I would think this would be good timing to Apple Pay to get faster adoption too.
Wal-Mart will when it has to, but considering their primary demographic and the scale of POS replacements, they have plenty of time. As for Best-Buy, well they really don't matter, they probably don't want to pay as they are in a downward spiral and are losing the high end tech consumer market and I don't see a path for them to come back.
Apple has all three major CC companies on board accounting for over 80% of all CC used in the US, that is a lot of leverage and a very comfortable amount of momentum to come out of the gates with.
For now, the only devices that can take advantage of the new Apple Pay are the iPhone 6 & Plus, so that too represents a reason to drag your feet as a retailer, but this is going to be a success for Apple and everyone who matters will come over.
Also as a final thought, soon the whole country will be upgrading their payment systems to go with chip and pin, I would think this would be good timing to Apple Pay to get faster adoption too.
In some instances, yes.
I was at Walgreens last night and took note of the NFC enabled terminal. It still asks if this amount is correct and you have to hit yes, but it's not like that at every retailer. I'm assuming the NFC payment would have been the same.
That's one thing that sucks about payments at different retailers. Consistency. There is none. Some times you have to sign, sometimes show ID, sometimes verify the amount, etc... I'm hoping this will provide a more consistant experience from one place to the next.
apple customers have deep pockets, surely anyone with two brain cells to rub together can see the correlation and want to install some kind of apple pay or NFC system when you are being forced to upgrade.
I guess these guys just didn't get the memo that POS systems are the tills and not some employee title. They must have their head up their own asses! I'm not the biggest apple fan but as a business it makes zero sense to alienate your highest spending customers!
I guess these guys just didn't get the memo that POS systems are the tills and not some employee title. They must have their head up their own asses! I'm not the biggest apple fan but as a business it makes zero sense to alienate your highest spending customers!
You must go out of your way to find a BB employee who hates Apple because I've never experienced Apple bashing at BB.
I've been to BB in Texas, California, Oregon & Washington within the last year and they all have "experts" for each manufacturer(Apple, Samsung, Google, etc.).
If you go to an Apple expert and start comparing their devices to competitors, damn right they will smack talk and put down the competitors device.
The other manufacturers do the same thing.
For phone & PC's, you will typically engage the manufacturer expert and not a typically BB employee on the floor.
Agree that the WalMart bashing here should stop. Yes it's possible to make fun of who may tend to shop there, but that doesn't necessarily mean it's right to. And mixed in with the people who need to go there because it gives them the best value is occasionally me. I have a decent income, I own several Apple products, I have a credit card with an EMV chip, I want to use ApplePay, and I do go to WalMart sometimes. I used to go a lot more, but Amazon and Costco have replaced a lot of what I used to go there for. But I've gone to all 3 for the same reason as the person who the people here are making fun of goes there. I like a good value and I don't believe in paying more for something than I have to.
Ironically WalMart is the first store I've been in that required me to use my EMV card. I went to self check out and just swiped my card to complete the transaction as I didn't really even notice that they had new terminals. The terminal was able to tell that I had an EMV card and instead of accepting my swipe, it prompted me to insert the card. So WalMart is not behind on having technology. As the biggest retailer in the world, they are probably on the forefront of it. That they have joined this other consortium is likely a temporary impediment to moving to ApplePay. These things seem to take a long time to set up and they are likely in deeper than they wish they were now that ApplePay is here. I bet within a year we hear that this other consortium is falling apart....seem like Target already has one foot out the door.
Ironically WalMart is the first store I've been in that required me to use my EMV card. I went to self check out and just swiped my card to complete the transaction as I didn't really even notice that they had new terminals. The terminal was able to tell that I had an EMV card and instead of accepting my swipe, it prompted me to insert the card. So WalMart is not behind on having technology. As the biggest retailer in the world, they are probably on the forefront of it. That they have joined this other consortium is likely a temporary impediment to moving to ApplePay. These things seem to take a long time to set up and they are likely in deeper than they wish they were now that ApplePay is here. I bet within a year we hear that this other consortium is falling apart....seem like Target already has one foot out the door.
Stereotyping, much? An Apple product customer could be a single mother with a contract iPhone, who is broke. Where DO people get these fantasy ideas from... ?
This made me laugh so hard. Every time I buy something at best buy if I accidentally pass my card over the card reader while trying to swipe it it errors out and says contactless payment not accepted. You would think they would have had that set up a long time ago seeing as they have the hardware.
There is no payment system invented by apple. Geez people need to understand things before posting or at the very least read past a headline.
I know the headline makes it sound like Apple and Wal-Mart were negotiating into the wee hrs of the morning and then Wal-Mart emphatically said NO WE WILL NOT SUPPORT THIS. But that's not the case. Apple pay is nfc. That's it. Wal-Mart, best buy and any other major retailer that doesn't have it have been opting out for years.
Why are people acting like Apple was given a swift blow to the face or something because of this? Wal-Mart has been opting out of Google Wallet and ISIS too.
It's not going to affect apple any more than it affects any other nfc friendly company.
Really? LOLLLL
I am British, so I don't know about the shops you are referring to, but that just sounds plain idiotic. It's like having a sink plumbed into your bathroom, but not having the taps connected... HAH.
But they don't match the lack of sales tax charged. People in many states are supposed to self report what they bought from Amazon and the like and pay with their state income taxes....but few do. This advantage is probably only temporary and has already been done away with in some states that have forced Amazon to collect for them. But for now there is an advantage to buying from Amazon.
No. But I wouldn't be surprised if some, knowing ahead of time, chose not to go there in the first place.
They aren't exactly fantasy ideas. Not only are Apple customers typically paying more for a more premium product because Apple doesn't really make anything low end at all, app developer revenues show that iOS customers are extremely more likely to spend money.
But so far there have probably been too few GoogleWallet or ISIS customers who have complained or demanded the system. Apple will bring NFC to the tipping point.
And the U.S. federal government is the largest employer in the world. The biggest entities don't always make the best business decisions. Truth is that Target is on board, and as a competitor, Walmart will do the same once usage dictates it. If it doesn't gain traction then they won't. The thing to remember about Walmart is that they keep their prices low and maximize profits because they are ruthless in negotiating with vendors, much more than Steve Jobs and Apple ever were with record labels.
And I can't imagine them not adopting it at some point. It wouldn't make sense to just refuse when its clear nfc payments are about to become very popular