Ok, so you can read posts from me in the past. I am what most people call an Apple FanBoy. (not my view on the subject but what ever). That said, there is a valid reason for merchants to resist ApplePay. If you don't understand how transactions are approved you might not see this but every time you are asked Debit or Credit, your choice has a real impact on the bottom line of merchants. You see pin based transactions (debit) are charged a flat interchange rate that is only a few cents per transaction. But Signature based (credit) transactions are charged a percentage. Somewhere north of 2% depending on the card.
It appears that ALL ApplePay transactions are considered card present, signature transactions. This is a small win for retailers for Online transactions because normally those are not considered card present, and have an additional charge. But regardless, on a $100 transaction in store, we are talking about the difference between over $2.00 and under $0.20 cents.
I'm not advocating for merchants to not come on board with ApplePay, I'm just hoping that there is another end game for Apple that allows them to weaken the hold the credit card companies have on card processing fees. But for now, I just want ApplePay to work everywhere.
We all know is just matter of time before they cave in ?Pay and the likes is the future. I am almost certain that bb saw a declined in sales after they chose not to accept ?Pay. (No I have no prove of this, don't ask for it) now Home Depot shut down ?Pay. But I am sure they will soon give in as well
These companies are doing Current C at the instigation of Walmart, which hates credit card companies. The concept here is that instead of recognizing a credit card, you will have your money taken right out of your bank account.....
Unfortunately, a major proportion of Walmart's clientele is debit card- (rather than credit card-) users, and I suppose that's the world that they're used to....
It is so stupid of Best Buy to turn away its wealthiest customers by blocking ApplePay. Stupid move. These customers will simply buy on Amazon with free 2 day delivery. Best Buy is cutting off its own nose.
Walmart on the other hand has poor customers. It wants to control them with its own private pay system just like it has its own debit cards.
Ok, so you can read posts from me in the past. I am what most people call an Apple FanBoy. (not my view on the subject but what ever). That said, there is a valid reason for merchants to resist ApplePay. If you don't understand how transactions are approved you might not see this but every time you are asked Debit or Credit, your choice has a real impact on the bottom line of merchants. You see pin based transactions (debit) are charged a flat interchange rate that is only a few cents per transaction. But Signature based (credit) transactions are charged a percentage. Somewhere north of 2% depending on the card.
It appears that ALL ApplePay transactions are considered card present, signature transactions. This is a small win for retailers for Online transactions because normally those are not considered card present, and have an additional charge. But regardless, on a $100 transaction in store, we are talking about the difference between over $2.00 and under $0.20 cents.
I'm not advocating for merchants to not come on board with ApplePay, I'm just hoping that there is another end game for Apple that allows them to weaken the hold the credit card companies have on card processing fees. But for now, I just want ApplePay to work everywhere.
Nonsense.
There are many ways that they could have dealt with it: for example, offer a discount if someone wished to pay with cash or debit card, instead of the ham-fisted, customer-unfriendly "we won't accept ApplePay" strategy.
What made it even more hypocritical is the fact that they seemed to be fine with the use of non-ApplePay credit cards in their stores.
I think you're missing the more salient point: they want to harvest as much of their customer data as possible, and adopted payment system that would serve that purpose. They got caught with their pants down when Apple came out with ApplePay. Now they're scrambling.
Wip-de-diddley-shit!! Who shops at BB anyway. Over priced and rife with annoying sales people. Not worth the pucker factor!
me and my friend scott used to. at one time they were the only place you can get 18 months no interest on a mac book pro. we would go to the apple store to check out the models, and then run down to best buy to get the macbook pro with the best finance deals. i got a $100 price match on my macbook pro from best buy. i'll never buy a HDMI cable or GEEK SQUAD from them though! this person i knew brought her macbook white polycarbonate to geek squad. asked them to back it up. they burned the entire macbook on DVD-Rs and charged her $150. talk about stupid.
While the companies behind MCX really really hate swipe fees from Visa, MasterCard and Amex, Best Buy is seeing the writing on the wall for another problem that is a lot bigger for them: fraud. Best Buy stores are one of the biggest targets in the United States for buying merchandise with stolen credit cards. Anything that will cut down the potential of fraud in their stores is something they need to pursue...this is a big issue with their senior leadership (CFO, CEO, CIO, Board of Directors). Nobody wants the whole Target thing happen to them...and they know that criminals are trying to penetrate their systems every day. Targets senior C-level leadership all lost their jobs over the whole fraud mess. It's not hard to see Best Buy's motivations here.
I wonder why it took Target so long to adopt ApplePay, NFC for their retail operations. As of today they still do not.
The ones nearest me have the upgraded pay terminals, but the NFC and even the smart chip reader isn't working, so all you can do is swipe the mag stripe reader. It's pathetic. You'd think if one company would jump on the security bandwagon, it would be Target.
I wonder why it took Target so long to adopt ApplePay, NFC for their retail operations. As of today they still do not.
The ones nearest me have the upgraded pay terminals, but the NFC and even the smart chip reader isn't working, so all you can do is swipe the mag stripe reader. It's pathetic. You'd think if one company would jump on the security bandwagon, it would be Target.
I do not think target will switch to Apple pay. The last few times I was shopping there and when I went to use my CC they offer me 5% off on all future purchases if I signed up for their store card. Target is willing to give you back the CC fee not to use your CD.
Ok, so you can read posts from me in the past. I am what most people call an Apple FanBoy. (not my view on the subject but what ever). That said, there is a valid reason for merchants to resist ApplePay. If you don't understand how transactions are approved you might not see this but every time you are asked Debit or Credit, your choice has a real impact on the bottom line of merchants. You see pin based transactions (debit) are charged a flat interchange rate that is only a few cents per transaction. But Signature based (credit) transactions are charged a percentage. Somewhere north of 2% depending on the card.
It appears that ALL ApplePay transactions are considered card present, signature transactions. This is a small win for retailers for Online transactions because normally those are not considered card present, and have an additional charge. But regardless, on a $100 transaction in store, we are talking about the difference between over $2.00 and under $0.20 cents.
I'm not advocating for merchants to not come on board with ApplePay, I'm just hoping that there is another end game for Apple that allows them to weaken the hold the credit card companies have on card processing fees. But for now, I just want ApplePay to work everywhere.
If these stores hate credit card fees so much... why don't they just make everything cash-only?
It's funny that they quickly put a stop to the new kid on the block: Apple Pay.
But they're still accepting the thing that started all the fees in the first place: credit cards.
Target already is a partner for in-app purchases. They would be the biggest win for me personally if they accepted in store as I am in there all the time and generally pay with a debit card. Currently, the Target credit and debit cards are not accepted for Apple Pay either. I think they are a little gun shy since their problem last year.
I do not think target will switch to Apple pay. The last few times I was shopping there and when I went to use my CC they offer me 5% off on all future purchases if I signed up for their store card. Target is willing to give you back the CC fee not to use your CD.
Not true. Their credit cards are actually issued by TD bank with a Visa logo. They may have some type of deal worked out, but they still pay.
I make use of the Target credit and debit cards to save the 5% all the time. It's a no brainer for the debit card as it acts just like my bank's.
I thought Best Buy would let it flounder for at least a year before they begrudgingly accepted Apple Pay.
I was thinking the same. I don't know who in their right mind would want to use CurrentC which has direct access to your bank account and none of the protections that you have with a credit card under the law!!! Just read some stores of the idiots that linked their bank account to PayPay instead of a credit card. At least with paypal you can do both, but again, I'd only use a credit card.
I figured once CurrentC actually launched, I'd give it a year to fail and company's to say screw it and accept NFC and Apple pay. Best Buy had NFC and they disabled it. So this is good news. Nice to see Apple pay already supported in their App. This could be a sign of company's starting to just shift already. CurrentC has been dragging it's feet. Maybe Best Buy is tried of waiting?!?!? Maybe they just don't like what they see so far. Maybe CurrentC will fail before it actually launches. It's been out in a couple area's in beta for a while now which is why their App is in the App store.
At least BB price-matches Amazon for in-stock items... that's the only benefit I see, if you need instant gratification.
I'd expect nearly all MCX members to cave in to ApplePay EXCEPT Walmart.
Ya, this is Wal-Marts Baby and they'll hold out as long as they can. They really hate the credit card fee's. Maybe if they bumped their prices up a smidgen it wouldn't matter!!! Still, I think of the people that shop there all the time. Are these the people that would ever even use CurrectC? I'm trying to picture a everyday Wal-Mart shopping taking pictures of QR codes and scanning QR codes. I don't even think Apple Pay if supported would be used a whole lot?!?!? I'm thinking checks and Welfare Debit cards. Maybe I'm wrong?!?!?
We all know is just matter of time before they cave in ?Pay and the likes is the future. I am almost certain that bb saw a declined in sales after they chose not to accept ?Pay. (No I have no prove of this, don't ask for it) now Home Depot shut down ?Pay. But I am sure they will soon give in as well
I shop at Home Depot all the time and Apple Pay works just fine. It would be pretty dumb to disable it. They are not part of the CurrectC camp either. Lowes is, but not home Depot!!!
I shop at Home Depot all the time and Apple Pay works just fine. It would be pretty dumb to disable it. They are not part of the CurrectC camp either. Lowes is, but not home Depot!!!
Yes. I do too. A couple of days ago I went to pay with ?Pay as I been doing from day 1 and a message popped up saying that card had to be swipe witch sucks
I wonder why it took Target so long to adopt ApplePay, NFC for their retail operations. As of today they still do not.
The ones nearest me have the upgraded pay terminals, but the NFC and even the smart chip reader isn't working, so all you can do is swipe the mag stripe reader. It's pathetic. You'd think if one company would jump on the security bandwagon, it would be Target.
I don't get this. I was in Lowes recently, and they had upgraded their terminals with chip readers. When I tried to pay with my chipped card I found out it was disabled and I had to swipe. Shouldn't that situation be reversed? I sort of understand why they refuse Apple Pay (even if I think their resistance is doomed to failure and make an effort to patronize their Apple Pay accepting competitors), but what possible motive do they have for refusing smart cards?
Comments
It appears that ALL ApplePay transactions are considered card present, signature transactions. This is a small win for retailers for Online transactions because normally those are not considered card present, and have an additional charge. But regardless, on a $100 transaction in store, we are talking about the difference between over $2.00 and under $0.20 cents.
I'm not advocating for merchants to not come on board with ApplePay, I'm just hoping that there is another end game for Apple that allows them to weaken the hold the credit card companies have on card processing fees. But for now, I just want ApplePay to work everywhere.
These companies are doing Current C at the instigation of Walmart, which hates credit card companies. The concept here is that instead of recognizing a credit card, you will have your money taken right out of your bank account.....
Unfortunately, a major proportion of Walmart's clientele is debit card- (rather than credit card-) users, and I suppose that's the world that they're used to....
Walmart on the other hand has poor customers. It wants to control them with its own private pay system just like it has its own debit cards.
Ok, so you can read posts from me in the past. I am what most people call an Apple FanBoy. (not my view on the subject but what ever). That said, there is a valid reason for merchants to resist ApplePay. If you don't understand how transactions are approved you might not see this but every time you are asked Debit or Credit, your choice has a real impact on the bottom line of merchants. You see pin based transactions (debit) are charged a flat interchange rate that is only a few cents per transaction. But Signature based (credit) transactions are charged a percentage. Somewhere north of 2% depending on the card.
It appears that ALL ApplePay transactions are considered card present, signature transactions. This is a small win for retailers for Online transactions because normally those are not considered card present, and have an additional charge. But regardless, on a $100 transaction in store, we are talking about the difference between over $2.00 and under $0.20 cents.
I'm not advocating for merchants to not come on board with ApplePay, I'm just hoping that there is another end game for Apple that allows them to weaken the hold the credit card companies have on card processing fees. But for now, I just want ApplePay to work everywhere.
Nonsense.
There are many ways that they could have dealt with it: for example, offer a discount if someone wished to pay with cash or debit card, instead of the ham-fisted, customer-unfriendly "we won't accept ApplePay" strategy.
What made it even more hypocritical is the fact that they seemed to be fine with the use of non-ApplePay credit cards in their stores.
I think you're missing the more salient point: they want to harvest as much of their customer data as possible, and adopted payment system that would serve that purpose. They got caught with their pants down when Apple came out with ApplePay. Now they're scrambling.
Screw them.
Wip-de-diddley-shit!! Who shops at BB anyway. Over priced and rife with annoying sales people. Not worth the pucker factor!
me and my friend scott used to. at one time they were the only place you can get 18 months no interest on a mac book pro. we would go to the apple store to check out the models, and then run down to best buy to get the macbook pro with the best finance deals. i got a $100 price match on my macbook pro from best buy. i'll never buy a HDMI cable or GEEK SQUAD from them though! this person i knew brought her macbook white polycarbonate to geek squad. asked them to back it up. they burned the entire macbook on DVD-Rs and charged her $150. talk about stupid.
While the companies behind MCX really really hate swipe fees from Visa, MasterCard and Amex, Best Buy is seeing the writing on the wall for another problem that is a lot bigger for them: fraud. Best Buy stores are one of the biggest targets in the United States for buying merchandise with stolen credit cards. Anything that will cut down the potential of fraud in their stores is something they need to pursue...this is a big issue with their senior leadership (CFO, CEO, CIO, Board of Directors). Nobody wants the whole Target thing happen to them...and they know that criminals are trying to penetrate their systems every day. Targets senior C-level leadership all lost their jobs over the whole fraud mess. It's not hard to see Best Buy's motivations here.
I wonder why it took Target so long to adopt ApplePay, NFC for their retail operations. As of today they still do not.
The ones nearest me have the upgraded pay terminals, but the NFC and even the smart chip reader isn't working, so all you can do is swipe the mag stripe reader. It's pathetic. You'd think if one company would jump on the security bandwagon, it would be Target.
You can't fix stupid!
If these stores hate credit card fees so much... why don't they just make everything cash-only?
It's funny that they quickly put a stop to the new kid on the block: Apple Pay.
But they're still accepting the thing that started all the fees in the first place: credit cards.
For most retail purchases these days, I've switched to cash-only.
Predictable. CVS up next. Then Target.
Target already is a partner for in-app purchases. They would be the biggest win for me personally if they accepted in store as I am in there all the time and generally pay with a debit card. Currently, the Target credit and debit cards are not accepted for Apple Pay either. I think they are a little gun shy since their problem last year.
I do not think target will switch to Apple pay. The last few times I was shopping there and when I went to use my CC they offer me 5% off on all future purchases if I signed up for their store card. Target is willing to give you back the CC fee not to use your CD.
Not true. Their credit cards are actually issued by TD bank with a Visa logo. They may have some type of deal worked out, but they still pay.
I make use of the Target credit and debit cards to save the 5% all the time. It's a no brainer for the debit card as it acts just like my bank's.
That happened sooner than I thought.
CurrectC hasn't even fully launched yet.
I thought Best Buy would let it flounder for at least a year before they begrudgingly accepted Apple Pay.
I was thinking the same. I don't know who in their right mind would want to use CurrentC which has direct access to your bank account and none of the protections that you have with a credit card under the law!!! Just read some stores of the idiots that linked their bank account to PayPay instead of a credit card. At least with paypal you can do both, but again, I'd only use a credit card.
I figured once CurrentC actually launched, I'd give it a year to fail and company's to say screw it and accept NFC and Apple pay. Best Buy had NFC and they disabled it. So this is good news. Nice to see Apple pay already supported in their App. This could be a sign of company's starting to just shift already. CurrentC has been dragging it's feet. Maybe Best Buy is tried of waiting?!?!? Maybe they just don't like what they see so far. Maybe CurrentC will fail before it actually launches. It's been out in a couple area's in beta for a while now which is why their App is in the App store.
At least BB price-matches Amazon for in-stock items... that's the only benefit I see, if you need instant gratification.
I'd expect nearly all MCX members to cave in to ApplePay EXCEPT Walmart.
Ya, this is Wal-Marts Baby and they'll hold out as long as they can. They really hate the credit card fee's. Maybe if they bumped their prices up a smidgen it wouldn't matter!!! Still, I think of the people that shop there all the time. Are these the people that would ever even use CurrectC? I'm trying to picture a everyday Wal-Mart shopping taking pictures of QR codes and scanning QR codes. I don't even think Apple Pay if supported would be used a whole lot?!?!? I'm thinking checks and Welfare Debit cards. Maybe I'm wrong?!?!?
We all know is just matter of time before they cave in ?Pay and the likes is the future. I am almost certain that bb saw a declined in sales after they chose not to accept ?Pay. (No I have no prove of this, don't ask for it) now Home Depot shut down ?Pay. But I am sure they will soon give in as well
I shop at Home Depot all the time and Apple Pay works just fine. It would be pretty dumb to disable it. They are not part of the CurrectC camp either. Lowes is, but not home Depot!!!
For most retail purchases these days, I've switched to cash-only.
I rarely keep much cash on me! I pay using my Debit Visa card or Apple Pay which is linked to that card.
Yes. I do too. A couple of days ago I went to pay with ?Pay as I been doing from day 1
I wonder why it took Target so long to adopt ApplePay, NFC for their retail operations. As of today they still do not.
The ones nearest me have the upgraded pay terminals, but the NFC and even the smart chip reader isn't working, so all you can do is swipe the mag stripe reader. It's pathetic. You'd think if one company would jump on the security bandwagon, it would be Target.
I don't get this. I was in Lowes recently, and they had upgraded their terminals with chip readers. When I tried to pay with my chipped card I found out it was disabled and I had to swipe. Shouldn't that situation be reversed? I sort of understand why they refuse Apple Pay (even if I think their resistance is doomed to failure and make an effort to patronize their Apple Pay accepting competitors), but what possible motive do they have for refusing smart cards?