Why are stores not using Apple Pay?

Apple Pay

Episode 1183

Clarence from Norway, MI

Clarence has been using Apple Pay and he says more locations are refusing to accept it. Leo says that the problem with Apple Pay is that the merchant doesn't get any information about the customer, just the money transfer. And that information has real value to them. Walmart created a coalition of vendors that shares information about consumers and more businesses are using it for that reason, but it's a terrible solution that takes longer to use.