Samsung Pay aiming for quick uptake by waiving all payment fees, in contrast to Apple Pay
posted by Daniel P. / Mar 09, 2015, 6:38 AM
Now, a new report coming out of Korea, suggests that, unlike Apple, Samsung is waiving any fees associated with its fresh new mobile payment service. It won't charge the usual 0.0015% fee on each transaction, and that includes all of its credit/debit card partners in Korea, as well as online payment services.
Samsung's heir recently met with one of PayPal's founders, so they might be getting tips on how to earn market share in the quickest possible way, with fee waivers being one of the driving force behind the Samsung Pay expansion. Whether or not this will translate into abandoning the fee structure for US credit card and other payment companies that will work with Samsung's solution on this side of the pond, it remains to be seen, but Samsung will have to battle Apple Pay here, so it might just as easily translate the free mobile payments offering to US customers as well.
Samsung Galaxy S6 OS: Android 7.0 Nougat, 6.0 Marshmallow, 5.1 Lollipop, 5.0 Lollipop View Full specs
- Display 5.1" 1440 x 2560 pixels
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Posts: 865; Member since: May 11, 2013
This would mean a lot on s6 sales..
posted on Mar 09, 2015, 6:47 AM 4
Posts: 4050; Member since: Jul 23, 2013
It doesn't actually mean anything in terms of sales. People right now are not too bothered to go cardless, it is just a bonus. Those fee advantages will add a very minor amount to the number of people buying the S6/edge but it will bring more banks companies on board.
posted on Mar 09, 2015, 7:22 AM 8
Posts: 1954; Member since: Aug 15, 2013
"Even Google was put in a frenzy by the Samsung Pay speculation, forcing it to acquire Softcard in a jiffy." I'm curious how the author of this article knows this?
posted on Mar 09, 2015, 8:37 AM 0
because a few days to a week after samsung bought looppay google bought softcard. i will stop using wallet and switch to sampay easier to use over my wallet and mst is a real big bonus no more do you accept tap and pay or nfc most people dont know what that is.
posted on Mar 09, 2015, 9:00 AM 3
Posts: 614; Member since: Dec 09, 2009
Is Samsung capable of doing Anything original?
posted on Mar 09, 2015, 10:31 AM 0
Posts: 1; Member since: Apr 29, 2014
Yes, like using your fingerprint sensor to log into websites that require password. Galaxy S6 now let's you do this by linking your fingerprint to websites requiring your password. You can not do this with Apple.
posted on Mar 09, 2015, 12:51 PM 2
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