Hahaha. This will have little effect on PayPal, which is used mostly for purchases from distant vendors. Yea, there are some uses such as paying a friend for something etc that might be replaced by this. But the VAST majority of PayPal transactions will not be affected.
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple Announces 'Tap to Pay' Feature Allowing iPhones to Accept Contactless Payments Without Additional Hardware
- Thread starter MacRumors
- Start date
- Sort by reaction score
The first NFC support was literally designed to only handle Apple Pay payments. They have expanded hardware capabilities over time.
I believe the iPhone 8 changed how much power it applied to the antenna to power third party devices (like NFC-enabled credit cards). It also added the ability for background scanning of NFC, which is why the 8 is the minimum device which can detect tags outside of an active app scan.
I’m excited. Hate seeing farmers market vendors still use the Square Cube with the lightning adapter. Or they forgot it and I have to give them my card to punch in numbers. I don’t want to carry cards anymore.
You can already to that today with Apple Cash, or through apps like Venmo/PayPal.
Apple is very US centric and slow to bring features over, not just Apple Pay, mind you, some features never make it, like Apple News, they don’t put the effort.
I understand regulatory barriers and paperwork as a hindrance but, Apple has the means I’d say, it’s not a small startup I don’t think.
Yes, it doesn't look like Apple is side-stepping the rest of the credit card payment industry or becoming a merchant bank.
The word has been that Apple Pay card usage costs 0.15%, justified against the bank's fraud budget due to the extra multi factor security and idea that they'll receive more charges overall due to convenience.
I suspect Apple Pay reading in partner apps means that they are going to pay points on the _other_ end of the transaction too. It'd take a lot of sales at 0.15% to make an external NFC reader terminal look attractive, and being fully mobile for taking order/payments likely will still justify that cost.
The difference is that they wait to launch products until they have US approval. If Australia hasn't approved it yet, they still launch.
Based on the below, which appears to be the current understanding of how it will work by a number of people on this thread, it would fall more in the Zelle category where reporting would not have to be done. Although if it’s an Apple Cash transfer using tap, that may be different. Most likely will rely on the underlying service used.
Apple Card and Apple Cash are services that Apple provides, while Tap to Pay is a feature like Apple Pay which is available worldwide. So you can't compare Apple Card/Cash with Tap to Pay since it's not an apples to apples comparison.
Sure.. it will be mass chaos… this feature won’t last a day!! The sky is falling, WHY DIDN‘T APPLE THINK ABOUT SECURITY!!!
/sarcasm
It's like you've never paid for something with your phone before.
Still waiting for Apple Card and Apply pay cash in the uk which I don't know will ever happen.
This new payment system will probably be the same.
There are millions of businesses that a full POS is overkill and brings a level of complexity that is unnecessary. You will see companies like intuit and godaddy integrate their payment platforms to this. The reason this has the potential to dislodge Square and others is the cost of entry has been drastically lowered.
Samsung already partnered with mobeewave to do this in 2019.
lol, man the first page of this thread is such an embarrassment of posts.
This sounds really good, just a shame it'll be US-only.
We still don't have Apple Card or Apple Cash here in the UK. It's been over 2 years.
We still don't have Apple Card or Apple Cash here in the UK. It's been over 2 years.
A lot of people still insert physical cards here, unfortunately, so I suspect businesses will still need to buy Square's chip reader regardless.
Contactless payment with my iPhone requires my authentification with Touch ID / Face ID.
Contactless payment with a credit card does not.
Last edited:
If this would let me sell things and take card instead of cash to my Apple Cash account (still not available in UK) that would be fantastic. No more needing to handle cash. This would be great at car boot sales too if the min limit was low (£1 for Zettle I think) and fee's were also low (or fee free!)