Canada proactive to prevent unwarranted Google Wallet charges
The Wall Street Journal has reported that Canadian government might just be ready to give the thumbs up to a proposal that looks to give merchants the option to say no to Google Wallet and other mobile payment services.
Why is this proposal even on the authorities tables? Well, it seems the conflict started due to the probable increase in transaction processing fees incurred by retailers if they do choose to accept the mobile payment service in their stores. Currently, retailers pay the same fee as every other user but there is potential that the card companies might want to increase the fee when mobile payments become a trend.
The proposal doesn’t seek to stop the increase in transaction fee from happening. Instead, it is looking to give merchants the ability to pick and choose what type of payment services they want to accept and implement in their stores. There is quite a high chance that the Canadian government gives the green light to the document but with mobile payment services becoming the upcoming new thing with Apple Pay, Google Wallet and even Current C, retailers might not have that much of a choice. You either get in on the trend or consumers might want to take their business elsewhere, but of course, this is a bit extreme… or is it?
Source: Android Central