Do we need to pay billions in fees to Stripe, Block, PayPal and Visa/MC?

Re:Do we need to pay billions in fees to Stripe, Block, PayP... by abakker on Saturday August 17, 2024 @03:48PM (#41277384)

Yes - for example, Home Depot does not take tap payments yet.

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Re:Do we need to pay billions in fees to Stripe, Block, PayP... by tonyarkles on Saturday August 17, 2024 @03:57PM (#41277453)

This is something I find so fascinating about the American financial system... Home Depot in Canada has taken tap payments and Apple Pay for a long time now.

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Re:Do we need to pay billions in fees to Stripe, Block, PayP... by crazygringo on Saturday August 17, 2024 @04:27PM (#41277688)

Yeah Home Depot is a bizarre exception, AFAIK they signed a contract with PayPal at some point long ago that prevents them from accepting tap-to-pay. Their checkouts have all the hardware for tap-to-pay, but contractually they can't turn it on.

Hopefully that contract ends soon, because wow did they shoot themselves in the foot on that one.

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Re:Do we need to pay billions in fees to Stripe, Block, PayP... by welder on Saturday August 17, 2024 @03:58PM (#41277462)

Home Depot only exists in the USA. I was talking about EU where tap is everywhere.

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Re:Do we need to pay billions in fees to Stripe, Block, PayP... by fortran77 on Saturday August 17, 2024 @04:16PM (#41277597)

They're in Canada and Mexico too.

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