Why does Walmart not like Apple Pay?

[ipad-air2]

Walmart not taking a p p l e p a y ??? why

i just go walmart yesterday , i asking them does they take apple pay ?

they said = what apple pay ?
i'm = NFC payment via iphone
they said = never know of
i'm = never mind


so what happend ... ? how come no apple yet ????

 

[imnjs]

Walmart not taking a p p l e p a y ??? why

Why do people assume that all retailers are just going to magically support Apple Pay immediately?

Give retailers some time to catch up.

EDIT: Didn't know they were developing their own payment system. Disregard.

 

[Noble Actual]

Because they're part of some group of retailers (Walmart, Best Buy, CVS, etc) that are trying to build their own payment system which will undoubtedly be ********.

 

[Indecisi0n]

People should be asking why you are in Walmart to begin with.

 

[deeddawg]

People should be asking why you are in Walmart to begin with.

... and off we go again...

 

[rrm74001]

Walmart from the beginning has said that they will not be offering Apple Pay (at least not immediately). The problem is that all these large retailers want to create their own (similar) payment system.

Apple Pay is still very much in it's infancy. You can't really expect many stores to offer it right now anyway. Apple Pay may not even take off at all.

This is really no different than a retailer not accepting your favorite credit card. I usually like to use my Discover card, but not everywhere accepts it. That's just the way it is. We are probably going to see the same fragmentation as NFC becomes more prevalent.

What I am NOT hoping for:

Walmart: "We only accept Walmart Pay"
Best Buy: "We only accept Best Buy Pay"
CVS: "We only accept CVS Pay"
X: "We only accept X Pay"

 

[12vElectronics]

Walmart from the beginning has said that they will not be offering Apple Pay (at least not immediately). The problem is that all these large retailers want to create their own (similar) payment system.

Apple Pay is still very much in it's infancy. You can't really expect many stores to offer it right now anyway. Apple Pay may not even take off at all.

This is really do different than a retailer not accepting your favorite credit card. I usually like to use my Discover card, but not everywhere accepts it. That's just the way it is. We are probably going to see the same fragmentation as NFC becomes more prevalent.

What I am NOT hoping for:

Walmart: "We only accept Walmart Pay"
Best Buy: "We only accept Best Buy Pay"
CVS: "We only accept CVS Pay"
X: "We only accept X Pay"

That could very well become a possibility which is why I don't think any type of NFC payment will ever truly take off. It's just easier not having to remember who accepts what and just swiping your credit card.

 

[miamialley]

Walmart from the beginning has said that they will not be offering Apple Pay (at least not immediately). The problem is that all these large retailers want to create their own (similar) payment system.

Apple Pay is still very much in it's infancy. You can't really expect many stores to offer it right now anyway. Apple Pay may not even take off at all.

This is really do different than a retailer not accepting your favorite credit card. I usually like to use my Discover card, but not everywhere accepts it. That's just the way it is. We are probably going to see the same fragmentation as NFC becomes more prevalent.

What I am NOT hoping for:

Walmart: "We only accept Walmart Pay"
Best Buy: "We only accept Best Buy Pay"
CVS: "We only accept CVS Pay"
X: "We only accept X Pay"

"Apple Pay may not even take off at all."

Such efforts from these companies may make this true. And if so, that REALLY sucks.

 

[MattMJB0188]

WHY, WHY, WHY is everyone is such a hurry to use this apple pay thing? I don't understand?

 

[Menel]

WHY, WHY, WHY is everyone is such a hurry to use this apple pay thing? I don't understand?

Because of retail store breaches.

You been sleeping under a rock for the past year for the Sidney Marcus, Target, Home Depot, etc etc fiascos?

 

[deeddawg]

WHY, WHY, WHY is everyone is such a hurry to use this apple pay thing? I don't understand?

Well for one thing many (most?) people here are techies and techies like new toys and new technology.

Beyond the novelty aspect, Apple Pay is substantially more secure than conventional card-swipe as it is used in the US. Your actual credit card info is never in the hands of the merchant. You have heard of the recent breaches at Target, Home Depot, and so forth, yes?

 

[12vElectronics]

"Apple Pay may not even take off at all."

Such efforts from these companies may make this true. And if so, that REALLY sucks.

Meh. I wouldn't care. My CC companies protect me from fraud and it takes 2 seconds to swipe my card.

 

[MattMJB0188]

Well for one thing many (most?) people here are techies and techies like new toys and new technology.

Beyond the novelty aspect, Apple Pay is substantially more secure than conventional card-swipe as it is used in the US. Your actual credit card info is never in the hands of the merchant. You have heard of the recent breaches at Target, Home Depot, and so forth, yes?

Hmmmmm. I see. I'm assuming the iPhone 5S supports this? But if I want it I'd have to give up iOS 7.1.2?

 

[Noble Actual]

Hmmmmm. I see. I'm assuming the iPhone 5S supports this? But if I want it I'd have to give up iOS 7.1.2?

The iPhone 5s doesn't have NFC and Secure Element so no, it doesn't support Apple Pay.

 

[hotdog4u]

i just go walmart yesterday , i asking them does they take apple pay ?

they said = what apple pay ?
i'm = NFC payment via iphone
they said = never know of
i'm = never mind


so what happend ... ? how come no apple yet ????

Don't you know that you are too advance for these walmart people?

----------

Walmart from the beginning has said that they will not be offering Apple Pay (at least not immediately). The problem is that all these large retailers want to create their own (similar) payment system.

Apple Pay is still very much in it's infancy. You can't really expect many stores to offer it right now anyway. Apple Pay may not even take off at all.

This is really no different than a retailer not accepting your favorite credit card. I usually like to use my Discover card, but not everywhere accepts it. That's just the way it is. We are probably going to see the same fragmentation as NFC becomes more prevalent.

What I am NOT hoping for:

Walmart: "We only accept Walmart Pay"
Best Buy: "We only accept Best Buy Pay"
CVS: "We only accept CVS Pay"
X: "We only accept X Pay"

if that is the case...apple pay is useless...

 

[eelw]

And this is why when they ask how you're paying, just say CREDIT!!!!!!!!!!!! Hold up your phone to the terminal and see if it activates. If not, then use your card.

 

[moldy lunchbox]

Hmmmmm. I see. I'm assuming the iPhone 5S supports this? But if I want it I'd have to give up iOS 7.1.2?

Nope 5S doesn't have an NFC chip. Only 6 and 6+ can use Apple Pay. But...when the Apple iWatch comes out then 5, 5C, 5S can use Apple Pay thru the watch.

 

[ucfgrad93]

I think that Apple has the recognition to make Apple Pay a success, but it is going to take some time.

 

[17MBPC2D]

FINALLY....an educcated and informed consumer

Because of retail store breaches.

You been sleeping under a rock for the past year for the Sidney Marcus, Target, Home Depot, etc etc fiascos?

FINALLY.........someone that clearly knows the benefits of Apple Pay!

in a breach using traditional credit cards....have to replace the card, possibly call ALL those merchants that automatically debits on that same credit card after waiting a few days to receive the newer card with yet another account#......What a hassle, had cards switched out 3x already in the past year due to breaches.

With Apple Pay, breaches wouldn't matter, no actual personal information stolen. Should you have your device lost/stolen....suspend (time to look to it) or deactive/remove the TOKEN/Digital# assigned

....re-activate (if suspended...should you find the device) or simply reprovision it with a new replacement device...ALL without replacing the actual credit card itself.

 

[Altimax98]

People should be asking why you are in Walmart to begin with.

No, people should be asking why you asked a Walmart employee a question to begin win

*rimshot

 

[youradhere4222]

The simple answer is because Walmart operates on low margins and the fees that Apple wants cut into that.

Retailers also know that if they opt into Apple Pay, consumers are going to rely more heavily on it giving Apple more leverage to negotiate with Apple Pay users in the future. The fee is modest now but what's to stop Apple from doubling or tripling it after everyone expects that all of the stores they go to accept it?

I love using Apple Pay on my phone but understand the hesitance of retailers to enter into an Apple-run payment ecosystem. Apple is a company that operates on extremely high profit margins and particularly aggressive tactics to negotiate with suppliers and business partners.

I would much prefer an open source NFC payment mechanism that's operated through independent apps rather than big companies like Apple. They can offer the same service for a fraction of the fees (and even integrate Touch ID). Well, they can offer it on Android phones that have had NFC capabilities for years. But they can't offer it on Apple because Apple has locked down NFC to Apple Pay.

I like a lot of my Apple products but the company is getting too big and powerful in my opinion. People like the convenience of Apple Pay, but it's very possible that you're going to be paying a small "Apple tax" on top of all of the goods and services that you buy.

 

[Hrhnick]

The simple answer is because Walmart operates on low margins and the fees that Apple wants cut into that.

Retailers also know that if they opt into Apple Pay, consumers are going to rely more heavily on it giving Apple more leverage to negotiate with Apple Pay users in the future. The fee is modest now but what's to stop Apple from doubling or tripling it after everyone expects that all of the stores they go to accept it?

I love using Apple Pay on my phone but understand the hesitance of retailers to enter into an Apple-run payment ecosystem. Apple is a company that operates on extremely high profit margins and particularly aggressive tactics to negotiate with suppliers and business partners.

I would much prefer an open source NFC payment mechanism that's operated through independent apps rather than big companies like Apple. They can offer the same service for a fraction of the fees (and even integrate Touch ID). Well, they can offer it on Android phones that have had NFC capabilities for years. But they can't offer it on Apple because Apple has locked down NFC to Apple Pay.

I like a lot of my Apple products but the company is getting too big and powerful in my opinion. People like the convenience of Apple Pay, but it's very possible that you're going to be paying a small "Apple tax" on top of all of the goods and services that you buy.

Apple Pay does not cut into WalMarts margins at all.

Retailers pay a fee to process credit cards transactions through a clearing house which is operated by Visa/MC 1-3%, sometimes a flat minimum fee, it's all negotiable based on quantity of transactions. More transactions = lower fees.

Accepting ApplePay does not cost a retailer anything, except the initial startup cost related to nfc terminals. ApplePay is seen like just another credit card transaction.

Apple cuts into the clearing house costs, the already agreed upon 1-3% fee. A fraction of that is paid to Apple by the clearing houses.

NOW, companies like WalMart are greedy. They want to avoid the 1-3% fee alltogether. They are basically building they're own clearing house/wallet/all in one solution. It's messy and requires scanning a qr code, then presenting to the cashier, a lot more complicated than swiping a card never mind Apple pay, but saves a lot of money on payment processing fees.

The companies figure if they all band together, their billions and billions of dollars of sales will let them bargain to reduce the transaction fees on remaining credit swipes, and increase profits due to lower fees.

 

[Applejuiced]

Apple Pay does not cut into WalMarts margins at all.

Retailers pay a fee to process credit cards transactions through a clearing house which is operated by Visa/MC 1-3%, sometimes a flat minimum fee, it's all negotiable based on quantity of transactions. More transactions = lower fees.

Accepting ApplePay does not cost a retailer anything, except the initial startup cost related to nfc terminals. ApplePay is seen like just another credit card transaction.

Apple cuts into the clearing house costs, the already agreed upon 1-3% fee. A fraction of that is paid to Apple by the clearing houses.

NOW, companies like WalMart are greedy. They want to avoid the 1-3% fee alltogether. They are basically building they're own clearing house/wallet/all in one solution. It's messy and requires scanning a qr code, then presenting to the cashier, a lot more complicated than swiping a card never mind Apple pay, but saves a lot of money on payment processing fees.

The companies figure if they all band together, their billions and billions of dollars of sales will let them bargain to reduce the transaction fees on remaining credit swipes, and increase profits due to lower fees.

Exactly.
Finally someone that put it out nice and simple.
Walmart and others are just trying to sabotage this form of payment so it doesn't take off in order for their new system to pick up better.
So CVS and others are just going in and disabling all their nfc ready devices and allowing only regular credit and debit card transactions only. Its a very dirty game and if I was Apple I'd also remove CurrentC apps from my ecosystem.

 

[Hrhnick]

Its a very dirty game and if I was Apple I'd also remove CurrentC apps from my ecosystem.

This.

Remove their apps until they play fairly.
I'm pretty sure Apple can find some violation in any app if they so choose it.
It would be a dirty move on Apples part, but turning off NfC at a register is just as dirty.

 

[Applejuiced]

This.

Remove their apps until they play fairly.
I'm pretty sure Apple can find some violation in any app if they so choose it.
It would be a dirty move on Apples part, but turning off NfC at a register is just as dirty.

I don't think they need a violation to decide not to let in or remove an existing app from their app store.
This move by some retailers to restrict processing Applepay payments at their stores will definitely backfire on them.
Its not logical not to make it easier and more secure for your customers to pay at your locations.
They rather you swipe your card and be at the mercy of hackers that break into their systems and then they get tons of bad publicity.
If I was Target or Home Depot I'd make sure I enable Applepay so those that still have doubts and fear using their cards at my store now can feel safer and shop freely.