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Walmart Announces Apple Pay Competitor 'Walmart Pay' for iOS
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Apparently, times are changing:
Big Companies Pay Later, Squeezing Their Suppliers - The ...
www.nytimes.com/.../big-companies-pay-later-squeez...
The New York Times
Apr 6, 2015 - How would you like to have 120 days to pay your creditors? .... slight discount so the supplier does not have to carry the receivable on its books.
P&G, Big Companies Pinch Suppliers on Payments - WSJ
www.wsj.com/.../SB1000142412788732401070...The Wall Street Journal
Apr 16, 2013 - The company is looking to move its payment terms to 75 days and ... to extend payment terms on $285 million in receivables from several large ...
Dell, Cisco, Other Large Companies Lengthening Payment ...
www.allbusiness.com/dell-cisco-other-large-companies-lengthening-pay...
materials to final payment from Dell can be as long as 120 days. Dell ... so that meant my client carried around $320,000 in Wal-Mart receivables. Wal-Mart ...
etc.
As for Apple, their contracts are well known to give Apple all the power. For example, the one they had with GTAT for sapphire said that GTAT couldn't sell to anyone else, but Apple had no obligation to buy from them either.
Of course, the ultimate responsibility is on the supplier. If they want to play with the big dogs, they have to expect to get bitten at times.
Let me be clear. Any company has the right to negotiate tough and hard-nosed. I do it on behalf of my company, and in my personal financial dealings. In my job I consider it my fiduciary duty to my employer. But that is a negotiation process, and both parties know the terms going in. One would expect that a good business negotiator would not sign a deal that hurt their company.
My statement about Walmart is not about companies negotiating longer payment terms. This is about a company that let's its accounts go to collections because it just ignores pleas to pay. Walmart at one time had the power to just ignore big suppliers of goods and services when they requested on time payments, because they knew that they could get away with it. It's slimy, and it's typical of their practices.
You will help cr-apple make even more $$... how can't you see benefits using pay cr-apple?
If so, then that's quite different and would be an abuse of a position of power.
Do you have any news links to such occurences?
Thanks!
It's a joke because Samsung is a company that sells phones with bloatware. Samsung only exists because of it's Asian market. Why didn't Samsung use Google pay like every other Android device? I never liked Samsung...
Haha! You're funny! Do you mean America? There's not way in hell Wal-mart has any presence anywhere other than the states.
Every phone has bloatware. Even the iPhone. You can use Android Pay on Samsung devices. You don't have to use or install Samsung Pay. So hardly a joke. You're free not to like Samsung.. But in this context, there's little of a joke. Especially since this is about Walmart. Not a phone manufacturer.
You would be surprise how many people do. Particularly when they are wasted on the nights out drinking. Good luck to you noticing your card have just felt on the floor when you were paying for your 20th pint of beer. You may not take safety as a reason but it is a reason for many and a very good one. Also why would I want to go around with a walled unnecessarily filled with plastic cards when I can have all of them in my phone, or even better on my wrist which is always with me. You can hate it all you want but ApplePay is fantastic.
This may have been mentioned already in the many pages I have yet to read, but that is completely false. Supporting ApplePay is limited to anyone with a "tap to pay" credit card, including anyone using Apple Pay, Google Wallet, etc.
I tried my Canadian Apple Pay in Hawaii over the past week (American Express) and only had it fail everywhere expect at the Apple Store. Very disappointing experience.
Really? We are not noticing that... why is that.. because they tread on the toes of your beloved apple... if you drive a ford, do you dislike Honda for the same reasons. . Didn't think so..
Oh
. And if you think samsung Only sell.phones in Asia then yours is the most misguided post of the year...
Among other things they build ships and tanks.. and sell them all.over the world..
QR codes = old people who think it's new exciting tech that's clever. Nope it's old dead to be forgotten tech that no one wants.
Walmart might think that customers will like this but it'll have very low adoption and get dropped in favour of apple pay and all other NFC in the future.
Walmart might think that customers will like this but it'll have very low adoption and get dropped in favour of apple pay and all other NFC in the future.
Maybe. Eventually. But mobile payments (esp in the US) are still in their infancy. And quite honestly there is such a small percentage that would be so indignant that they would stop shopping at Walmart because of no acceptance of NFC payments. Until mobile payments are completely ubiquitous - Walmart doesn't have all that much to lose trying their own way. If they wanted, they could easily switch over in a matter of days.
Wow got to give credit to the SVP to actually come out with straight face and say that. Note to other companies - Do not hire him to run your mobile pay division
but.. but... you forgot one of the other "conveniences" of the walmart app.... before you press the button to pay, you have to open your camera through the walmart app and take a picture of a QR screen and THEN press the button to pay.... this is some intuitive tech!
Actually, I think they are the largest in the world they own and operate store by other names in other countries.
I agree - Apple Pay failed me on a recent trip to Hawaii. Either I couldn't use it, or the system had trouble recognizing the phone, or the transaction was declined due to processing errors.
QR codes while old fashioned and basic should work will less issues - especially considering Walmart is targeting the lowest common denominator.
I don't fault them for going with QR codes - it works.
Android/Samsung phones are VERY popular in Canada, Europe, and Australasia. It's only within the United States that people hole Apple on a pedestal.
Depends where you live. In UK I still have not found a place that doesn't.
Well you ain't been to many places then old bean. . It's about 15 to 20% of outlets that can take it,
It sounds very much like you are suggesting that Apple should use illegal and anti-competitive methods.