What if my Representment is Incorrectly Declined?
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There’s a reason that over 85% of Merchants now accept Apple Pay. Apple Pay can add convenience, speed, and security to your shopping experience. It can mean carrying fewer cards and cruising through checkout lines with a quick tap of the phone.
But what about the other 25% of Merchants that don’t accept Apple Pay? Let’s dig in.
Apple Pay is a digital wallet. Cardholders can link their bank accounts, credit cards, debit cards, and gift cards to Apple Pay. Then when paying, the cardholder will log in (using FaceID, TouchID, or Passcode), and scan their phone. The device used to capture transaction details is a Near Field Communication (NFC) Point of Sale (POS). Which just means that cardholders can tap the POS.
With Apple Pay, your account balance and/or line of credit isn’t necessarily connected to your phone. Instead, Apple Pay is a method of activating a transaction with the Merchant. Once all the correct levels of authorizations are passed, funds are removed from your account by your Issuer—but don’t worry, this is all done in seconds behind the scenes.
Why Can’t I Use Apple Pay at Walmart? In short: Walmart Pay. In creating and using their own digital wallet, Walmart can better track user data, integrate user data into their Walmart ecosystem, increase engagement, and retain more control over both fees and the payment experience.
Apple Pay uses a one-time code to secure transactions—since it’s a one-time code, subsequent transactions can’t be run against that wallet without Apple Pay generating a new code. And instead of storing the actual card number and CVV in your phone, Apple Pay tokenizes the cardholder’s details—which means if your phone is stolen, the thief won’t be able to steal your physical card numbers.
The extra layers of security with Apple Pay can mean a decreased chance of fraud and chargebacks for the Merchant. That extra layer of security can be particularly attractive for Card-Not-Present (CNP) Merchants, where the heightened risk of disputes can obliterate their bottom-line and thresholds.
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