Apple Pay now accepted by 36% of US merchants, is most common mobile payment platform
Displacing former leader PayPal, Apple Pay is now the most commonly accepted mobile payment platform among U.S. merchants, according to newly-published survey data.
Apple today sits at 36 percent versus 16 percent a year ago, said Boston Retail Partners, quoted by NFC World. PayPal, by contrast, is being offered by 34 percent of merchants.
Apple and PayPal are trailed by MasterCard PayPass (25 percent), Android Pay (24 percent), Visa Checkout (20 percent), Samsung Pay (18 percent) and Chase Pay (11 percent). Notably, Samsung Pay can be used at businesses that don't officially support the platform.
About 22 percent of businesses are planning to adopt Apple Pay within the next 12 months, while 11 percent are expecting support in the next 1 to 3 years, BRP said. Some 31 percent, however, are maintaining a wait-and-see stance.
U.S. merchant adoption has been of the biggest obstacles for Apple Pay. Though a number of major chains are onboard, many still aren't, likely owing to the cost of upgrading to sale terminals with compatible NFC.
Small businesses are potentially more flexible, though the extent of their Apple Pay adoption is unknown. Recently Apple and Square partnered to promote the latter's compatible card reader.
During a recent results call, Apple said that global Apple Pay transactions were up 500 percent year-over-year in the December quarter, backed by triple the number of users.
Apple today sits at 36 percent versus 16 percent a year ago, said Boston Retail Partners, quoted by NFC World. PayPal, by contrast, is being offered by 34 percent of merchants.
Apple and PayPal are trailed by MasterCard PayPass (25 percent), Android Pay (24 percent), Visa Checkout (20 percent), Samsung Pay (18 percent) and Chase Pay (11 percent). Notably, Samsung Pay can be used at businesses that don't officially support the platform.
About 22 percent of businesses are planning to adopt Apple Pay within the next 12 months, while 11 percent are expecting support in the next 1 to 3 years, BRP said. Some 31 percent, however, are maintaining a wait-and-see stance.
U.S. merchant adoption has been of the biggest obstacles for Apple Pay. Though a number of major chains are onboard, many still aren't, likely owing to the cost of upgrading to sale terminals with compatible NFC.
Small businesses are potentially more flexible, though the extent of their Apple Pay adoption is unknown. Recently Apple and Square partnered to promote the latter's compatible card reader.
During a recent results call, Apple said that global Apple Pay transactions were up 500 percent year-over-year in the December quarter, backed by triple the number of users.
Comments
Chase supports Apple Pay:
https://www.chase.com/digital/digital-payments/apple-pay/faqs/how-to-use
2015 worldwide mobile transaction volume was 450 billion....2019 projected is 1,080 billion. If using this projection, if Apple captured 30% of mobile transactions worldwide, they would make $4.5 Billion
"I could make them less expensive to you. I could give you a discount based on the volume of future business."
"Hey, that would be nice. Thanks."
No. Samsung uses a technology that can wirelessly transmit credit information directly to the reader, just as if you've swiped your card.
This poster is obviously completely unaware the main reason for using something like Apple Pay is for security and privacy. Samsung's technology is actually less secure than swiping your card, because the data that is normally stored on the back of your card is being transmitted. So someone could pick up the info without the consumer even realizing that their CC has just been stolen.
* The secure version that mirrors how Apple Pay works, not the insecure and obsolecing LoopPay-based syatem Samsung bought.
Apple Pay 36%
PayPal 34%
MasterCard PayPass 25%
Android Pay 24%
Visa Checkout 20%
*Samsung Pay 18%*
Chase Pay 11%
...didn't you understand?
I am sure samsung will get there eventually, in a few years......
/s
2) The low-limit is probably because pre-Apple Pay NFC-based payments were insecure. I'm sure we'll see this improve in time. Most places I use Apple Pay still want me to sign, which has always been part of "security theatre" and is even more ridiculous when using Apple Pay.