Re:Walmart Canada stops accepting Visa cards
by skrause on Sunday June 12, 2016 @09:35AM
(#11888022)
And maybe that's a season why we haven't seen Apple Pay in Germany so far. In the USA Apple gets 0.15% of each transaction, but that would be pretty difficult in Germany if 0.15% is already the total transaction fee.
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Re:Walmart Canada stops accepting Visa cards
by thesimon on Sunday June 12, 2016 @11:45AM
(#11888578)
UK has the same interchange rates and they have Apple Pay.
The German banks are just too greedy and invested in their own shitty Girocard scheme which doesn't even support tokenization which would be required for Apple Pay.
Re:Walmart Canada stops accepting Visa cards
by germanier on Sunday June 12, 2016 @11:51AM
(#11888609)
Girocard is cheaper than anything that could be used in the UK. I don't know the UK situation in detail but I would be surprised if there are merchants paying less than 0.3% for some transactions which already is double of what the large German stores do.
Re:Walmart Canada stops accepting Visa cards
by thesimon on Sunday June 12, 2016 @12:17PM
(#11888766)
The interchange which is what the bank gets and which they use to pay Apple.
For Maestro/MasterCard Debit/VPay/Visa Debit that's 0.2% in the whole EU (UK & DE included).
The girocard scheme negotiates the fees with the merchants and it's around 0.15% - 0.2%.
At least for the banks, it's not a big difference.