I wonder how many of the PayPal bashers in this thread would be singing their praises if the had signed an agreement that Apple originally wanted to make?
The same people saying how evil PayPal is would be singing their praises.
So, so predictable....
When I talk about PayPal, I'm referring to how some INTERNET web sites have PayPal as the only payment form. I would rather just input my credit card into a secure method than going through PayPal.
Now, in terms of retail stores, that's different because it's a brick and mortar, we typically just hand them our CC and they swipe the card.
I wouldn't use PayPal if I wasn't forced to use, but with some internet websites, they force you to use it. I've used it and it sucks. I had to deal with some loser from India that hacked my password, bought a $9 t shirt on my account, but I caught it and it got reversed a few days later. It was an inconvenience for me to deal with the issue which under normal circumstances, isn't as insecure.
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Does it matter what Steve Jobs would have done? Probably not anymore. Even if we were able to tell with certainty: which we can't ever.
Didn't Jobs write down a 5 year strategy before he passed away? I would love to see what he wrote someday and compare against what they actually did. That would be an interesting little nugget of information.
Maybe some time in the future they'll release the document he left behind.
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That is precisely my point. Because apple is limiting itself to its own devices it is also limiting its penetration and the global market share in the payment services sector is concerned. So if apple does not surpass paypal in 2, 3 or 5 years its because apple and paypal are not direct competitors.
ApplePay is just a service that Apple's just offering to Apple customers as a secure way to make NFC payments because they obviously feel that the other methods aren't as secure and they might pass user account information to the retailer.
If Apple actually makes any money from it, it's probably just enough to recoup the R&D they spent on creating it. It's not like they are getting 3% of the retail price you are paying.