Apple Pay now can be used to pay for your Costco purchases in the U.S.

Apple Pay now can be used to pay for your Costco purchases in the U.S.
The next time you go to Costco to buy 2,000 rolls of toilet paper, 25 loaves of bread and 50 boxes of Swanson Hungry Man Turkey, you can pay at the register using Apple Pay, Google Pay or Samsung Pay. The warehouse membership club started supporting Apple's mobile payment service on August 10th, and all 750 stateside stores now accept it at the cash register. The one exception is Costco's gas stations, although that will eventually change.

Several holdouts are now seeing the light; last month CVS Pharmacies and 7-Eleven both agreed to add Apple Pay support some time before the end of this year. Apple receives .15% of the value of each credit card transaction rung up using the company's mobile payment service. The more people that have access to Apple Pay, the more money that lands in Apple's vault. This revenue falls into the services category, an area that Apple has high hopes for in the near future. The company is looking to hike its top line in the category to $50 billion by 2021 from last year's $30 billion. During Apple's fiscal Q3, services revenue rose 31% year-over-year to $9.5 billion.

Also helping Apple increase its service revenue will be the launch of Apple Pay in Germany some time later this year. This is notable for Apple because the country has the largest population in the EU. With the inclusion of Germany, Apple Pay will be available in 30 countries.

source: AppleInsider

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16 Comments

1. Phullofphil

Posts: 1785; Member since: Feb 10, 2009

Awesome if only Apple Pay accepted my bank card

2. Phullofphil

Posts: 1785; Member since: Feb 10, 2009

Ditto to that

3. Vokilam

Posts: 1191; Member since: Mar 15, 2018

I was able to pay anywhere with Samsung Pay. Apple Pay retail acceptance needs a lot of catching up. Does Samsung have a patent on MST payments, or Apple just being hardheaded about sticking to ONLY NFC payments?

4. Phullofphil

Posts: 1785; Member since: Feb 10, 2009

I wouldn’t trust Samsung pay probably because they are foreign owned. I would use google pay if I had android

6. Sammy_DEVIL737

Posts: 1529; Member since: Nov 28, 2016

You shouldn’t even trust the phone you are buying considering all the components of your phone are made by foreign manufacturers and are only assembled in your country.

13. strategic_developer

Posts: 1627; Member since: Jul 17, 2018

Well then I guess that means you don't use credit cards then, because Visa, American Express and many others are foreign owned. Why exactly does that even make a different? Samsung Pay, like all NFC payments use Tokenization. Tokenization was developed by MasterCard. I rather trust an outsider vs any American option.

5. MarvzIsFallen

Posts: 646; Member since: Aug 11, 2017

Samsung payment is a joke. They are just OEM trying to be like apple. Wherein fact, they could just use google pay since their OS is android sucks

7. Sammy_DEVIL737

Posts: 1529; Member since: Nov 28, 2016

Awwwww..... Ever heard about MST technology? Looks like mxy is back with his stupid posts.

8. Bfrenz

Posts: 285; Member since: Aug 26, 2012

Have you tried? MST and NFC, I use it all the time, works perfectly, list of supported banks is huge too. Just cuz you're an Apple fan, don't ditch useful things.

14. strategic_developer

Posts: 1627; Member since: Jul 17, 2018

Samsung Pay may not be as "popular" as Apple Pay. But it is far more "useful" and that si what matters. Because I can use Samsung Pay where NFC is not available or accepted. Also Samsung wasn't trying to be like Apple. Google is the first official American company to offer a multi-national payment system. So actually Apple copied Google. Both use NFC only. Samsung Pay with MST, allows the system to work on any reader that can a card reader.

10. middlehead

Posts: 456; Member since: May 12, 2014

Samsung does either own the patents or lease exclusive rights to the patents for MST. LG announced a couple years ago that they'd figured out another way to do it, but they haven't bothered putting it in their phones. Presumably it wasn't as different from Samsung's as they thought.

11. Vokilam

Posts: 1191; Member since: Mar 15, 2018

If that’s true, why do everyone always blame Apple for blocking innovation with patents? Samsung didn’t invent mst payments - they bought loop pay, and now blocking (if true) for everyone. Anyways I miss the ability to pay everywhere - Apple has to figure out or push more retailers. Adding more banks - does nothing for me.

15. strategic_developer

Posts: 1627; Member since: Jul 17, 2018

First off, Samsung didn't block anyone. Samsung did not develop MST payments. Samsung purchased a company called LoopPay, which had the MST technology and it is patented by them. Since Samsung bought them out, Samsung now owns all the tech and patents behind it. Samsung isn't blocking anyone, and they don't have to remove the patent either. if Apple or Google oe anyone else wants to use MST, they should license it. We all know Apple doesn't want to pay for anything. After all they are stiffing Qualcomm, after already signing a contract.

16. Vokilam

Posts: 1191; Member since: Mar 15, 2018

I'd like to see you make the same argument when Apple buys a company and it's patents for its own products... Just saying

9. libra89

Posts: 2280; Member since: Apr 15, 2016

Wow! Awesome!

12. strategic_developer

Posts: 1627; Member since: Jul 17, 2018

Samsung Pay already works. Been using it since day 1 with SP. But every major retailer in any business category, needs to start accepting mobile pay options. Even if it means upgrading POS hardware. Because I for one leave the wallet and just carry one card as backup. But if I go to a place that doesn't take mobile pay, they usually don't get my business. Even many small businesses I frequent, accept NFC payments.

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