Walmart And Chase. Agreement On Mobile, Online And In-Store Payments

Jan 23, 2017

Chase and Walmart has recently announced an agreement due to which Walmart customers can use the Chase Pay digital wallet to make payments in physical stores, online at Walmart.com, and using the Walmart mobile app. ChaseNet and ChasePay are to go live with Walmart this year.

Earlier, in September 2106, a deal was signed between Chase and Walmart according to which customers would be able to process Chase Visa cards used at Walmart locations through Chase’s closed-loop network ChaseNet. ChaseNet is a part of Visa’s network licensed by the issuer. ChaseNet processes Visa transactions at lower fees as compared to traditional credit card transactions. The network plays the role of a processing backbone for ChasePay.

To enjoy safe and secure payment processing, consider turning to emerchantbroker.com. EMB is voted the #1 high risk payment processor in the US and boasts and A+ rating with the Better Business Bureau (BBB). EMB is one of Inc 500’s Fastest Growing Companies of 2016 and is rated A by Card Payment Options. With EMB, you can get a reliable and low-cost merchant account for your online business and the best chargeback prevention and protection programs in the industry.

Mike Cook, senior vice president and assistant treasurer for Walmart notes that it’s a great opportunity to provide customers with increased convenience and benefits through their Walmart Pay app, simultaneously growing their partnership with Chase. Cook believes Chase Pay, serving as an option within Walmart Pay and online, will enhance customer experience.

Jennifer Roberts, president of strategic alliances and loyalty solutions for Chase mentions they are delighted to strengthen their relationship with Walmart, focusing on providing smooth payment processing experience for their customers. According to Roberts, Walmart is an ideal partner that aims to offer another way of using Chase Pay for everyday shopping.

Walmart has been on the lookout for a way to put mobile payments into use while trying to save on processing fees. According to Reuters, the Chase Pay deal may be followed by others thanks to a possible cooperation with several mobile wallet companies that will open up new doors for more options within Walmart Pay.

Let us help you get a high risk merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

Live Chat