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It really doesn't make any sense to me why retailers want to be doing this. I thought people would really get behind the credit cardless approach. When I went
by BlackjackCF 9y ago
It really doesn't make any sense to me why retailers want to be doing this. I thought people would really get behind the credit cardless approach.
When I went to China, I was absolutely amazed by how well everything in Shanghai integrated with AliPay. My family was able to go to some restaurants and order + pay with minimal interaction with a waiter.
- exelius 9y agoMy guess as someone who doesn't actively work in this stuff (but have dabbled in it) is that some large merchants get a break on transaction fees with chip/swipe that they don't get with Apple Pay/Samsung Pay/etc. An extra 0.05% in savings wouldn't matter to a small store, but for a national retailer, it's probably a meaningful amount of revenue.