Updated: This post has been updated to reflect new Apple Pay banks and vendors.
Apple Pay has been described as the “sleeper hit” of this week’s special event in Cupertino, California. That may turn out to be true, but not anytime soon.
The new mobile payments system will work at 220,000 stores in the United States as it launches. That may sound like a lot, but it’s really not.
This represents just 2.4 percent of the roughly 7 million to 9 million merchants in the U.S. that accept credit cards. The reason is that 97.6 percent of businesses do not have point-of-sale systems that work with near field communication, or NFC, according to Time.
In order for these businesses to utilize Apple Pay, they’ll have to update their checkout process. Otherwise, Apple’s quest to become a leader in mobile payments could be stymied. That, plus the fact that most remain hesitant about using their mobile device to make credit and debit card purchases.
So which businesses are already using Apple Pay? Here’s the list, as of Oct. 20:
- American Eagle Outfitters
- Babies ‘R’ Us
- BJ’s Wholesale Club
- Champs Sports
- Chevron and Texaco, including retail stores like ExtraMile
- The Disney Store
- Duane Reade
- Foot Locker, including Kids Foot Locker, Lady Foot Locker, House of Hoops, and Run by Foot Locker
- Office Depot
- Panera Bread
- Petco and Unleashed by Petco
- Sports Authority
- Toys ‘R’ Us
- Whole Foods Market
You will be able to use Apple Pay to make purchases through the follow apps:
- Apple Store app
- Panera Bread
Apple Pay supports credit and debit cards from the following:
- American Express
- Bank of America
- Wells Fargo
Banks coming soon include: Barclaycard, Navy Federal Credit Union, PNC, USAA, and US Bank.
All of Apple Pay works on the iPhone 6, iPhone 6 Plus, and Apple Watch. You can make in-app purchases with Apple Pay with the iPhone 6, iPhone 6 Plus, iPad Air 2, and iPad mini 3.
We’ll continue to update these lists in the weeks and months ahead.