Some of the major pharmacy chains, together with the retail dublin shopping giant Wal-Mart and Best Buy store chain are developing an alternative mobile payment system called CurrentC, and are disabled in some local technology that allows customers to use Apple Pay.
Industry analysts say the reluctance of some distributors to adopt Apple Pay summarized in one word: commissions. And consumers are likely to be caught in the middle of this fight between credit dublin shopping card companies and distributors for a while.
Merchants pay fees to credit card companies whenever consumers use them to buy. The charges range between 1% and 3% of the purchase amounts recalls Jerry Kim, professor of management at Columbia Business dublin shopping School.
The Canadian division of Visa and MasterCard dublin shopping announced recently dublin shopping that voluntarily reduce the transaction fees paid by Canadian distributors, coinciding with the heated debate on the topic has been started in the country. To avoid fees, distributors value the cash, and some offer discounts to those who pay with banknotes and coins.
Also, the CurrentC system, which suffered a data breach last month, is designed to avoid exchange fees by eliminating credit card companies the payment process. The system allows customers to pay using funds from your personal checking accounts, prepaid gift cards and some credit cards and debit cards that have agreement with these stores. "They want the distribution chains to reduce their expenses. In the case of Wal-Mart, for example, spending cuts of 1% has a huge impact on their profits, "says Kim.
"Since we are still in the process of evaluating our options for mobile payments, Rite Aid Apple currently does not accept Pay or any other payment system using NFC (Near Field Communication) technology," said US drugstore chain in a message . Also, its rival CVS said it "can not accept any mobile payment using NFC technology" and is evaluating payment options.
Many consumers are at least open to trying Apple Pay. Apple announced more than a million credit cards were registered with the service within 72 hours of its debut. The service dublin shopping allows users to pay for products placing new iPhones over a special reader at the register of a store, instead of swiping a credit card or pay cash.
With CurrentC, which is currently being tested in some markets to launch next year, users make a purchase using an application for a QR code on a mobile phone to be read in the box when paying.
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