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Does Lowes Take Apple Pay? [Reasons Explained]


Does Lowes Take Apple Pay: You may be wondering, does Lowes take Apple pay? It will interest you to know that many retailers are installing NFC (Near-Field Communication) terminals in their stores as they begin to embrace current technology to make checking out faster and safer.

Does Lowes Take Apple Pay? [Reasons Explained]

Does Lowes Take Apple Pay? [Reasons Explained]

NFC terminals allow digital wallets such as Apple Pay, Google Pay, and Samsung Pay to be used as payment methods.

However, not all stores are as quick to embrace new technology. If you go shopping at Lowe’s, you might be asking the question; does Lowes take Apple Pay.

Here’s everything you need to know about Lowe’s and whether or not they accept Apple Pay.

What is Lowe’s?

Lowe’s is a home improvement retailer based in the United States. The retailer, which was founded in 1921 and is now based in North Carolina, is a popular home improvement retailer throughout the United States.

With nearly 2,000 locations in the United States and Canada, you’re bound to find a Lowe’s near you.

Now that you know Lowe’s is a home improvement retailer based in the United States, keep reading to find out if Lowe’s accepts Apple Pay.

Does Lowes Take Apple Pay?

Lowe’s does not accept Apple Pay as a payment method at any of its 2,200 locations in the continental United States or online.

The main reason Lowe’s does not accept Apple Pay is that they do not have the necessary NFC payment infrastructure.

While digital wallets like Apple Pay are becoming increasingly popular, Lowe’s has yet to invest in the necessary work to make this a viable payment option for their business.

As of this writing, Lowe’s has no official plans to accept Apple Pay as a payment option in the future.

What Methods of Payment Does Lowe’s Take?

While Lowe’s does not accept Apple Pay as a payment option, they do provide some reasonable flexibility in the payments they do accept:

  • Cash
  • Lowe’s Gift Cards
  • Lowe’s Credit Cards
  • Debit cards, including Mastercard, Visa, Discover, and American Express
  • Credit cards, from most major issuers
  • PayPal, for online purchases only

However, the fact that PayPal is an online payment option suggests that other forms of payment may be accepted in the future.

However, Apple Pay is not currently being considered. However, as the payment method becomes more popular and widely used, the company’s stance may change.

Why is Lowe’s Not Accepting Apple Pay?

You’re probably wondering why Lowe’s doesn’t accept Apple Pay now that you know. Lowe’s does not accept Apple Pay for a variety of reasons.

1. There is No NFC Infrastructure

First, as previously stated, they lack the technological infrastructure and capability to do so at this time. They are also not investing in the development of such an option at the moment.

2. Transaction Charges

The second reason concerns transaction fees. While it is true that when customers use credit cards to make purchases, the store incurs a small fee.

After all, credit card companies make a lot of money from this. Apple Pay charges a transaction fee for the convenience of allowing customers of a business to use the payment method.

The transaction fees may be higher than those charged by credit cards, or Lowe’s may simply see it as another way to lose the sale.

Of course, many businesses raise the price of their products to account for these fees. This allows them to pass on transaction fees to the consumer.

This carries its own risk of upsetting customers, so many businesses pay the fee. This means that the fewer payment methods available, the fewer fees Lowe’s may be forced to incur.

3. Lowe’s Wishes to Promote Their Own Credit Card

It’s also worth noting that Lowe’s has its own credit card. Digital wallets, such as Apple Pay, are essentially hubs to which other credit cards can be linked and paid.

However, if Lowe’s allows this, it simply reduces the desire of their customers to have a Lowe’s credit card.

Lowe’s would have a conflict of interest. As a result, they believe it is advantageous not to accept Apple Pay.

After all, just like with any other credit card, those who do not pay off their entire balance are charged interest.  Lowe’s profits from this money.

Taking away that method would mean taking money away from Lowe’s. Customers would also be able to use other credit card methods through Apple Pay. On two fronts, it is extremely detrimental to Lowe’s.

4. There is No Interest

Finally, Lowe’s may not see the current market as simply necessitating the investment required to use Apple Pay.

NFC payments are becoming increasingly popular. However, they are still far from becoming an established mainstream norm, and they have a long way to go before that happens.

Incorporating digital wallets into their payment system requires significant investment and resources, which Lowe’s does not want to do if it is not absolutely necessary.

Lowe’s may reconsider their position once digital wallets such as Apple Pay gain traction.

Should Lowe’s Accept Apple Pay?

Lowe’s, like Walmart and Home Depot, has legitimate business reasons for not currently accepting Apple Pay as a payment method.

But are there any benefits to doing so? There are, without a doubt. Here are a few examples:

1. Simple to Use

It’s difficult to deny that Apple Pay makes shopping more convenient. Instead of digging through their wallets for a credit card, Apple Pay makes payment quick and easy.

There is no swiping, entering a pin, or waiting for the transaction to complete; everything moves more smoothly and quickly.

Because digital payments speed up transactions, retail stores can serve more customers faster, improving the customer experience of Lowe’s customers.

We have a comprehensive guide that will explain how Apple Pay works beneath the wood for more information. Examine it out.

2. Improved Customer Service

Certain customers adore Apple Pay and use it as frequently as possible. They could be going to another retailer instead of Lowe’s, possibly one that accepts Apple Pay.

If Lowe’s accepted Apple Pay, they would almost certainly expand their customer base to include those customers.

3. More Secure Transactions

NFC technology is more dependable and secure than other payment methods. It lowers the risk of fraudulent purchases and the theft of physical cards and card numbers.

4. Reduce the Possibility of Contamination Such as COVID-19

COVID-19 has taught us that we need to be more sanitary in many aspects of our lives. And one of those things is shopping.

As society strives to avoid another pandemic, the less they touch that is handled by other people, the better, especially in something as widely used as a Lowe’s counter.

As a result, reducing health risks benefits not only consumers but society as a whole.

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Is Apple Pay Acceptable at Lowe’s Online Store?

Although Lowe’s does not accept Apple Pay in their physical stores, you may be wondering if they do accept it online.

Lowe’s does not accept Apple Pay on their online store, either. The reasons for this are likely the same as why Lowe’s does not accept it in their physical stores.

It costs them money to put it in place, and it diverts interest away from their Lowe’s credit card.

Lowe’s currently does not accept Apple Pay as a viable payment option, but that does not mean it will never do so.

As Apple Pay gains popularity, many retailers who are not currently set up to accept this form of payment will see the need to do so.

In order to accommodate the new function, they will find ways to deal with fees and adjust their selling strategies. In reality, it’s a question of when not if, Lowe’s will accept Apple Pay for customer transactions.

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