Customers at a well-know home improvement franchise have been able to use a new mobile credit card terminal to pay for items at the stores.
In recent months, The Home Depot came out with a new mobile system from PayPal that is used in all of its stores. Part of the reason that the major retailer is looking to change consumers’ payment habits is due to the high fees that banks have charged to use the more traditional system.
In an interview with Computerworld, Gartner analyst Avivah Litan said that many had been looking to shift merchant services operations in the face of the high fees.
“Retailers are so frustrated by these fees,” said Litan, in an interview with the source. “[The fees] keep going up, even though the volume of transactions has increased. Prices are theoretically supposed to go down as the volume goes up.”
Other major brands have been expanding mobile payment systems as of late. In a recent statement, Starbucks announced a new deal with Square to implement its readers at its thousands of locations.Back To Blog