After the launch of Apple Pay in South Korea, Samsung is changing its whole strategy around Samsung Pay. The company's ...
Looks like the party's over.After the launch of Apple Pay in South Korea, Samsung is changing its whole strategy around Samsung Pay. The company's ...www.sammobile.com
Good pointsLet's count the problems here.
1. "Samsung’s decision has put credit card companies in a soup..." People getting something for nothing are shocked when the free ride is over. Color me surprised.
2. "These companies say they heavily marketed Samsung Pay over the past eight years to over 16 million users, thinking it would remain free." Unlikely. Those companies had to know the free ride could end at any time and only marketed it to gain/maintain market share. This is either speculation by the author, or gross incompetence from the companies.
3. "To cut their costs, they may reduce the benefits they used to offer to their end users." You mean the benefits that have already been degrading over the years anyway?
4. "While the government has said that contracts between the companies are autonomous, it may intervene if the charges are passed on to consumers." Impossible. The end consumer always pays the cost. If not from a price hike, then in other ways like the cut benefits from #3. Or they could cut back on wages, which has its own downsides.
Personally I don't use any of those services. I stick to plastic, so this isn't really affecting me much. If people want to make use of something like Samsung Pay, then they should pay for it. Whether it's built into the purchase price of the device (not ideal), a subscription, transaction fee, or whatever, a service needs to be funded somehow.
I don't know if anywhere here would even still accept a cheque... I think I've written two of them in my entire life lol. I was in a bar on Saturday evening that wouldn't even accept cash!I’m still old fashioned and use the actual card. Hell, I still use checks also.
Nah, I'm in the UK (note my spelling of "cheque"). The government can't compel any shopkeeper to accept a form of payment they don't want to here, and I would be surprised if that were different over there in "freedomland". Although it's a lot easier for a shopkeeper to actually do it here, as most people don't carry cash anymore anyway and contactless payment is ubiquitous. I was in a different bar later that turned several people away because there was a £2 entry fee which was cash only lol.Was that in the U.S? I've heard of some places here trying that, but I question if that's even legal since U.S. currency is considered "legal tender for all debits public or private."
Was that in the U.S? I've heard of some places here trying that, but I question if that's even legal since U.S. currency is considered "legal tender for all debits public or private."
That's the same here.Depends on the way you purchase. If you are paying for items at a store like Walmart they can refuse cash as you have not consumed the product. If you're paying at a place such as a restaurant and you have eaten your meal they can't refuse cash unless you're notified no cash for payment before ordering.
I figured I can always go back to Google Pay in the future if I want, unless Google cancels it. I've actually noticed more things cancelled by Google than Samsung.I stopped using Samsung Pay maybe two phones ago?? It was cool with MFT and NFC wasn't that widespread. But that has no longer been the case for a while and don't need both Samsung and Google Pay. Samsung always gives up on their products so better to stick with Google Pay.
Merchants that accept credit/debit cards always pay a fee per transaction... roughly 2%-4%, depending on the card (Amex is the most expensive to the merchant)I use Samsung Pay, but I have never gotten any benefits from using it. It's simply something I use so I don't need to bother with plastic cards. I used to use Google Pay for the same purpose before owning any Samsung devices. AFAIK, brick and mortar stores have to pay fees for the use of credit cards anyway. I only use Samsung Pay or Google Pay in brick and mortar stores. Online shopping uses either credit cards or PayPal.
Lol, well after thinking about it, Google does have a long history of that on a broader scale...I figured I can always go back to Google Pay in the future if I want, unless Google cancels it. I've actually noticed more things cancelled by Google than Samsung.
My electric company still takes checks. Heck, they still charge a "convenience fee" paying on-line.I don't know if anywhere here would even still accept a cheque... I think I've written two of them in my entire life lol. I was in a bar on Saturday evening that wouldn't even accept cash!