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"No major retailer can afford to stop taking Visa." That remembers me Steve Jobs, the iPad and flash, when he decided to remove flash video. I recall so many p

by pipio21 10y ago

"No major retailer can afford to stop taking Visa." That remembers me Steve Jobs, the iPad and flash, when he decided to remove flash video. I recall so many people saying "nobody could tell that to the people, people will demand flash, Apple is screwed". Turns out they could. Your website needs flash? fine, my millions of high income iPad users wont be able to see it. Wallmark is not a major retailer, it is THE BIGGEST RETAILER in the world!! By the way, if Wallmark wants they could "help" people transition to Apple or Google pay. Everybody has a smartphone and the only thing is needed for people to use it for paying is getting used to it. Wallmark knows now alternatives exist so they can exert some negotiation power.

JoeAltmaier 10y ago
Spoken like a Silicon Valley kid. In my town, nobody uses anything but cash or card at WalMart. And I don't see how phone vs pad is meaningful here - I'm not browsing WalMart, I make the decision to go there or somewhere else before I even get in the car. And if they can't take my money, I won't go there. No chance for them to help me/ coerce me to do anything.
- philliphaydon 10y ago
  There's other forms of payment than cash/card???
  - PhantomGremlin 10y ago
    There's other forms of payment than cash/card??? A long time ago people would routinely slow down lines at supermarket checkouts by performing this ritual: https://en.wikipedia.org/wiki/Cheque https://en.wikipedia.org/wiki/Cheque I don't really know how common it is in retail nowadays. It's certainly preferable to card for high value payments. E.g. try paying income tax or property tax by card. It will cost you a certain % extra in fees. Edit: I forgot about this famous check. Happened a few years ago. I wish I had the assets to be able to hand-write a check for $975 million: https://www.washingtonpost.com/news/post-nation/wp/2015/01/09/ex-wife-of-oil-tycoon-harold-hamm-cashes-previously-rejected-975-million-check/ https://www.washingtonpost.com/news/post-nation/wp/2015/01/0...
jeremyjh 10y ago
Apple and Android pay use credit cards from MasterCard and Visa, process through those interchanges and pay those fees.
tpallarino 10y ago
While I agree with you, it's much harder to just not go to a website that doesn't work properly than it is to just either not buy toilet paper, or have to go to the bank and get cash to buy it.
deleted 10y ago
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kbart 10y ago
It's not quite fair comparison. Everyone hated flash and quietly agreed that it must go sooner rather than later. On the other hand, most people like paying by card and find it convenient. I don't like carrying cash around and mostly skip places that don't accept cards, so unless Wallmart is the only supermarket in town, they will lose costumers.

by pipio21 10y ago

JoeAltmaier 10y ago

Spoken like a Silicon Valley kid. In my town, nobody uses anything but cash or card at WalMart. And I don't see how phone vs pad is meaningful here - I'm not browsing WalMart, I make the decision to go there or somewhere else before I even get in the car. And if they can't take my money, I won't go there. No chance for them to help me/ coerce me to do anything.

philliphaydon 10y ago
There's other forms of payment than cash/card???
- PhantomGremlin 10y ago
  There's other forms of payment than cash/card??? A long time ago people would routinely slow down lines at supermarket checkouts by performing this ritual: https://en.wikipedia.org/wiki/Cheque https://en.wikipedia.org/wiki/Cheque I don't really know how common it is in retail nowadays. It's certainly preferable to card for high value payments. E.g. try paying income tax or property tax by card. It will cost you a certain % extra in fees. Edit: I forgot about this famous check. Happened a few years ago. I wish I had the assets to be able to hand-write a check for $975 million: https://www.washingtonpost.com/news/post-nation/wp/2015/01/09/ex-wife-of-oil-tycoon-harold-hamm-cashes-previously-rejected-975-million-check/ https://www.washingtonpost.com/news/post-nation/wp/2015/01/0...

jeremyjh 10y ago

Apple and Android pay use credit cards from MasterCard and Visa, process through those interchanges and pay those fees.

tpallarino 10y ago

While I agree with you, it's much harder to just not go to a website that doesn't work properly than it is to just either not buy toilet paper, or have to go to the bank and get cash to buy it.

deleted 10y ago

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kbart 10y ago

It's not quite fair comparison. Everyone hated flash and quietly agreed that it must go sooner rather than later. On the other hand, most people like paying by card and find it convenient. I don't like carrying cash around and mostly skip places that don't accept cards, so unless Wallmart is the only supermarket in town, they will lose costumers.