Lowe’s is an American retail company specializing in home improvement products and services. It was founded in 1921. Yes! 101 years ago. It used to be the largest US hardware chain until Home Depot surpassed it in 1989. With over 2000 stores, this company stands as the second-largest hardware chain globally. If you want to go and shop there, you must know the form of payment it accepts. Stores like Walmart do not accept Apple Pay. So it is natural for you to question, ‘does Lowe’s take Apple Pay?’. I will tell you if Lowe’s accepts Apple Pay or not.
Does Lowe’s Take Apple Pay?
No, Lowe’s does not take Apple Pay. It accepts other forms of payment like debit and credit cards, cash, etc. However, Lowe’s does not accept Apple Pay. Another important point to remember is that Lowe’s does not accept Apple Pay online and offline. So, if you want to use your phone for payment, you can use your cards or PayPal. You can also use Lowe’s credit and gift cards to make payments. Also, read PayPal Overdraft: Will PayPal Overdraft Bank Account?
Why Doesn’t Lowe’s Take Apple Pay?
While many companies have started to accept digital payments, Lowe has not. This comes as a shock to many. With the magnitude of functions Lowe’s has to perform, it would make their work more comfortable. However, Lowe’s has not embraced any form of digital payment. It does not accept Apple Pay or Google Pay. Let us look at why Lowe’s doesn’t take Apple Pay:
1. Lack of NFC Technology
Near field communication terminals, also known as NFC terminals, help scan the code from a smart device. The information gathered after scanning helps to make the purchase and payment. This ensures a smooth and easy buying process. Also, read How To Transfer Money From PayPal To Cash App However, NFC terminals are very expensive to install. This is a new type of technology, and implementing it in every store will be an expensive affair for Lowe’s. This can be one of the reasons Lowe’s doesn’t accept Apple Pay.
2. Transaction Fees
Another reason Lowe’s does not accept Apple Pay can be because of the merchant fees. If you don’t know what the merchant fee is, let me assist! A merchant fee is the transaction fee that is taken from the retailer when they use a digital form of payment. It is also deducted while using credit cards and debit cards. So, in Apple Pay’s case, the retailer has to pay a part of the total amount to Apple. However, there is a possibility that the fees deducted by Apple can take a large cut out of the merchant’s profits. This would not be feasible.
3. Lack of Interest
A simple reason Lowe’s doesn’t accept Apple Pay is that lack of interest. Lowe’s already has a large user base that is fine with the form of payment methods already available. They don’t need to add more options unless it becomes extremely necessary. Also, read How To Get Steam Wallet To PayPal?
What Payment Methods Lowe’s Accepts?
While Lowe’s does not accept Apple Pay as a form of payment, it does not accept a lot of other forms of payment. Some of them are listed below: Also, read How To Find PayPal Credit Card Number | Get It Now
Which Stores Take Apple Pay?
Lowe’s does not accept Apple Pay. So what! Here is a list of Home Depot alternatives that take Apple Pay:
Wrapping Up
It is time to wrap up. I have told you Lowe’s does not take Apple Pay in this article. However, it is not the end of the world. Lowe’s accepts many other forms of payment like debit and credit cards, gift cards, etc. So if you like shopping at Lowe’s, leave your Apple Pay aside and carry cash! I hope you found this article useful. If you have any other questions regarding this topic, let me know in the comments below. By 2019 Apple Pay had become the most popular payment method in the US. It accounts for around 5% of global credit card purchase volume.
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