That's disappointing. I guess that I can forget about ApplePay coming to Walmart anytime soon...if ever. 
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Walmart Pay 'Close to Surpassing' Apple Pay in U.S. Mobile Payments Usage
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Heck, we pay even more percentage in local sales taxes. So what? Has nothing to do with what Apple charges.
Unlike the credit card networks and banks, there are no Apple servers involved during a contactless transaction. (*)
So yeah, anything over 0.0% is greedy. And in many places around the world, such as the EU, bank fees are capped at 0.22% or so. No way can they pay Apple 0.15% and only get a 0.07% remainder. That's why we didn't see mass quick adoption of Apple Pay by those banks. Apple had to lower its demand enormously first.
Moreover, contactless fraud is only about 0.007% in chip'd countries. So there's no incentive to pay Apple twenty times that for more user security either. That's partly why Australian banks are holding back. Why should Apple profit off the work the banks did to add chips and NFC payments in Oz?
(*) Now where a fee DOES make sense, is with online website payments where Apple DOES get involved. Fraud is huge there, and a validated user is much more valuable.
We get that some of you will defend Apple no matter what, even if they sell us as products to our own banks
Seriously, my thought at the time was that a kickback would give people an incentive to buy an iPhone over another device.
However, right now in the US, if you're really serious about wanting to do contactless payments, your best choice is to buy a Samsung phone with its multi-mode contactless abilities.
You're right. I ran a business in Australia and I would have KILLED to have reduced online fraud. Fraudulent $2k purchase would happen frequently. But Australia is very unique compared to the rest of the world. The banks there pretty much pioneered NFC adoption (it was highest usage rate in the world, last I checked.) Australian banks also helped fund this. They deserve their cut.
In America, the banks need all the help they can get. And Apple could have probably charged more than .15%. Their value in the American system is much higher than elsewhere in the world. The fact that I have to sign a receipt after using Apple Pay here in the states is laughable. What is the purpose? You aren't even seeing a physical card to compare it to.
When I asked a senior executive at Commonwealth Bank about their negotiations with Apple Pay back in 2015 - he literally started smiling and rolling his eyes. But this will all be negotiated out eventually. I'd much rather tap my apple watch than my credit card. I also figured out that a foreign credit card on Apple Pay would get around the Australian legal limits for NFC
I’m in the UK. No idea why you Americans are so far behind with the times. I would say at least 80 to 90% of my monthly spend if not more is with Apple Pay. Everyone and their mother has a terminal over here. Corner shops, buses car parks coke machines whatever. As long as your bank card is supporting Apple Pay just slap it on any reader anywhere even if they don’t have an Apple Pay sticker anywhere. It’s just not a problem. I’m almost to the point of not using cash anywhere.
And I have yet to see anyone use Apple Pay (or any phone-based payment to that matter). That's in US. To me, it just shows how marginal all these systems still are.
On a recent trip to Australia, I was able to use Apple Pay almost everywhere. After one day, I started taking out my iPhone automatically instead of touching what little cash I had anyway. I only used my physical card at a sit-down restaurant, and one time I actually surprised the store clerk with my ability to use my phone to buy goods. It got to the point where I simply assumed Apple Pay was going to work, instead of here at home where I'm conditioned to not even look for the opportunity.
Apple Pay is at my coffee shop, my wine store, and my supermarket. I my watch all the time. Very convenient.
You don't need scientific peer review to compare two numbers.
Walmart by itself is doing more daily transactions than the "many stores" that use Apple pay. Period. The end.
Sorry, but you are wrong on two counts: 1) the comparison is not the number of transactions or the dollar value of them, but of users who can use the service, what percentage do. 2) Walmart Pay has not yet exceeded Apple Pay, even in that statistic. Apple is at about 5.5% vs. 5.1% for Walmart Pay.
Sorry if your anti-Apple bias makes it difficult for you to follow, but here is the source for the methodology (and of the chart used).
Since you clearly did not bother reading the Bloomberg article (or if you did, did not understand it), U.S. GDP does not matter at all (this is only about retail), and Walmart's U.S. sales were $365.2 Billion in FY 2017 (source). Without knowing the total number of transactions using each method, nor the total dollar of sales, we have no idea of how important Apple Pay or Walmart pay are.
Did you read the article? Apple Pay is ahead but Walmart is growing faster. The problem is that Walmart's payment system is based on their physical stores which are not growing. Besides, they should be worrying about Amazon, not some proprietary payment system that no one even knows about except Walmart shoppers.
That's OK. Here in US we still can buy stuff and as I understand we buy more (perhaps way more) stuff than Brits
I am just saying this is a minor feature which some believe is convenient (and others really do not care)I still don't understand why some folks here are saying Apple Pay is hard to use. How? It is the easiest thing since slice bread and faster than those damn credit card chip readers. I use AP whenever it is available, which is surprisingly often.
Walmart will never adopt Apple Pay because AP doesn't give Walmart the customer tracking ability they desire for marketing reasons. AP preserves privacy while WP and Target's payment card are the exact opposite.
I would like Amazon.com to start accepting Apple Pay for security reasons...
Walmart will never adopt Apple Pay because AP doesn't give Walmart the customer tracking ability they desire for marketing reasons. AP preserves privacy while WP and Target's payment card are the exact opposite.
I would like Amazon.com to start accepting Apple Pay for security reasons...
Speaking as someone in the UK, this just seems... bizarre. Pretty much every shop or place where where you need to pay for anything these days take contactless payment here. Therefore Apple pay is just an even simpler/quicker way of paying as opposed to getting a debit/credit card out of my wallet. This 'walmart pay' solution seems more convoluted. Who would've thought the US would be behind the curve on technology. :/
I may have missed this but isn't Walmart Pay still based on MCX CurrentC, the technology that we all poo-poo'd back in the day and deservedly so? Everyone else abandoned it but it would appear Walmart had its own incentives to move it forward.
I read the article. And despite what you just said, despite the fact that you think no one knows about it but Walmart shoppers..it’s still kicking butt lol and widely adopted. This time next year more people will make a purchase at WM using their mobile pay service than Apple Pay everywhere else.
Walmart isn’t worrying about Amazon, not yet anyways. They can do everything Amazon can do and more.
I heartily agree that the US is way behind in payment tech and has been trying to catch up for years. Perhaps due to sheer number of retail locations, geographical limitations (i.e. lots of Podunks) and banks with fat profits it is difficult to move such standardization along quickly.
https://www.walmart.com/ip/Nature-V...y-Chili-Dark-Chocolate-6-1-2-oz-Bars/45754316@Chupa Chupa there is actually such a thing as chili chocolate granola bars?
Im glad Australia already had the majority of our shops fitted with nfc terminals long before apple pay was available to us because I can't remember the last time I had to buy something without using my watch to pay for anything. Even our smoko trucks that come around to job sites have mobile nfc terminals and vending machines have them built in as well which is really handy.
Definitely.
They're getting there, I think things will speed up even more when the US completes the requirement for chip and signature then finally makes a push for to Chip and PIN.
Definitely there's been lots of movement. It's going a lot quicker than I actually thought it would.
They're definitely very greedy and that comes with a lot of issues as well but I'll save that for another day.
Actually had more to do with the government pushing Chip and PIN to be rolled out countrywide by a certain date. It also help that a lot of the retailers get their terminals plus merchant services from the banks.
So once the mandate was made by the government it was very quick for them to switch out or upgrade terminals firmware.
There is definitely issues there mostly related to shipping unfortunately that's just the way it is in Australia and given the way things are highly dense the population areas were lots of space in between. It makes delivery very difficult. and expensive if you wanted done in a timely manner.
But this is mostly for regional customers people in our capital cities are much better off when it comes to shipping.
We will have to see, Amazon drawers mixed reactions here in the country. But me personally thinks that's got a lot to do with the current incumbents and them trying to protect their current existing business.
Regarding shipping It's probably too early to tell there they are either going to have to make a substantial investment themselves and do it internally or make substantial investment or partnership with another shipping provider or just go with a all out acquisition.
But this really only applies for the regional areas the big cities are fine. But having smart distribution points in regional areas may help with this.
For example if you know you're going to sell one brand of toilet paper moving closer to regional centres for shipping will make things cheaper and quicker.
However Amazon is going to be behind in those type of market in Australia as most of our big grocery retail is the types of places you get toilet paper and other groceries and food items do same day delivery from every local store in every town. Most towns anyway.
These types of food delivery services have been prevalent for at least 2-4 years now and this segment of the market is towards the end of the rollout of this service.
Also other retail is the kind that sell electronics have tried to combat the shipping issue because large items cost money to ship by doing things like click and collect and local deliveries from local stores.
Click and collect is just a fancy term for order online pick up local.
Depends on where you live some areas have extended trading hours big cities for example sunday trading also depends on where you currently live but it's not 24 seven, however certain segments of the market are 24 seven.
Most Australian specially the ones that work retail or hospitality, like the way it currently is as they mostly see a good home work balance and if they choose to work outside the norm they get normally get good penalty rates but the government is working on ruining that as well.
I suspect all integration starts with the store wanting to track the customer and Apple wanting to protect privacy. Apple doesn't budge on some privacy issue and then the talks break down.
“Silly” indeed. When Apple first announced that McDonald’s would accept ApplePay in their drive throughs, I imagined a small, fixed NFC receiver mounted outside the window. Apparently that’s too much to ask for though.
In the end the problem will probably come from the fact that the iPhone is a minority device...
The only country that seems to mix a modern pay infrastructure and large iPhone marketshare is the UK. Japan perhaps? They probably use some local solution
The only country that seems to mix a modern pay infrastructure and large iPhone marketshare is the UK. Japan perhaps? They probably use some local solution
Adoption rate in percentages is pointless when comparing two very different things. Walmart can incentivize the use of their app and bans Apple Pay. Walmart’s adoption rates in store and Apple Pays global adoption rate worldwide simply aren’t comparable items. Maybe allow Apple Pay in store, then compare usage between the two...
Bingo. My barber has a square Apple Pay/NFC reader. They love it. I love it.