Date: Monday, November 10th, 2014, 11:48
Category: retail, Rumor, Software
This is where things could get a bit sticky.
In the current battle between Apple Pay and MCX’s CurrentC system, retailer Walmart has opted against supporting Apple Pay in its stores. A new report offers a big reason why: high credit card transaction fees.
According to 9to5 Mac and Re/code, a current report reveals that the fees merchants are required to pay banks when a credit card is swiped in their stores is too high. Meanwhile, MCX’s CurrentC has payment options that carry lower fees than credit card purchases.