really?
i thought cash advance on credit cards was typically more like 5%.
and definitely no less than 2 or 3%.
?
(could be wrong of course-- that's just what i think.. but not sure as i don't do cash advance via CC)
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 Extends Internal iOS 11.1 Apple Pay Cash Testing to Retail Employees
- Thread starter MacRumors
- Start date
- Sort by reaction score
i thought cash advance on credit cards was typically more like 5%.
and definitely no less than 2 or 3%.
?
(could be wrong of course-- that's just what i think.. but not sure as i don't do cash advance via CC)
That's actually fairly low. Regular transactions on credit card's are between 1.5-3%. Advances, which is what this is technically, is usually much more and incur interest right away.
I do too. I get anywhere from $0.01 to $0.12 in interest, depending on my average balance.
And that's every single month.
That's enough for me to get
An automatic washing machine,
A years supply of gasoline,
Carpeting for the living room,
A vacuum instead of a blasted broom,
Not to mention a forty inch television set!
Roll your eyes as much as you want but cash is already on its way out.
If you have one of the 3% cards from the old days then the transaction is free.
3% isn't so bad; the reloads in the store generally cost more. If there's a way to cash out that'd be even better.
Wrong. They are in fact the only unique form of ID in existence.
http://money.cnn.com/2017/09/13/technology/social-security-number-identification/index.html said:
And:
[doublepost=1508061241][/doublepost]Speaking of the news article: I think this is kind of creepy... Now Apple gets a slice of our person-to-person transactions too? (Although seemingly only for credit card transactions). And does this mean it's easy for kids to send parent's credit money to others via chat? I would hope and think there are strong parental controls. I suppose ApplePay Messages is a good feature if you only use a Debit card (since those transfers are free)... but I would personally never use it with their 3% credit card fee.
Last edited:
I’ve not used Google Wallet. What’s the timeframe between when someone initiates a payment TO you, until you can spend the money?
Seconds? Minutes? Hours? Overnight?
With ApplePay Cash transfers should be near instant.
Are you KIDDING ME!? I keep all my money in CASH that I have wrapped in aluminum-shielded dark plastic bags and embedded inside the walls of my house! Where the guvment can't find it!
See, I ain't no fool!
Last edited:
Are you saying to pretend about stuff when dealing with your finances. Good luck with that.
If anything can cause me to use paypal less i'll be happy.
Be great if whatsapp had such a feature with being cross platform.
Be great if whatsapp had such a feature with being cross platform.
No, I'm not saying that at all - those are your words.
I'm trying to explain why Apple requires a SSN when signing up for Apple Pay Cash.
Whatever floats your boat. When the apocalypse comes, cash will be king.
Quite the opposite. Cash will be worthless. Goods, foods and materials will be king.
Since my credit union does not participate in Apple Pay. Can I still receive funds from another person who has Apple Pay Cash and use to purchase items as if I had Apple Pay? Not sure what the requirements would be to to acquire Apple Pay Cash card for Wallet.
Yes.
My credit union doesn’t do Apple Pay yet either (“we’re working on it” has been the reply for years!), but I do use my credit cards with it.
They said you can use the cash to pay like normal, you just select it like one can already choose between cards within Apple Pay.
I see you are confusing Apple Pay with regular nfc payments.
Any place that requires you to input your PIN number, zip code or sign after paying with your iPhone does not use Apple Pay, and that is regular nfc payment. True Apple Pay doesn’t require anything after you place your finger on Touch ID and pay at the terminal.
I know you are being sarcastic.... but, you all should check out American Express Banking. They offer 1.25% interest. It's one of the highest savings accounts out there.... And no, this is not an add. More like a PSA for those that do have savings accounts....
OK, here's the punchline. Take that $50 that someone was paying you back. The poster was wanting to give up the seamless and secure convenience of personal Apple Pay for him and the person paying him back, and instead thought it would be better to have the person write him a check or get him cash so he could deposit it in his interest bearing checking account and "keep the interest for himself." LOL. If he kept that $50 in a typical interest bearing account for an entire year, he would earn one cent!
No, not "scary", just lame. Not every merchant is keen on giving up a % of every purchase to payment processors, and not every consumer feels like telegraphing every purchase and movement out into the data stream.
I understand you're specifically talking about Apple Pay, but the same logic could be applied to iMessage.
Do you feel that Apple should never have bothered to develop iMessage because not everybody has an iDevice?
As long as they don't use blockchain. its just another overlay on top of an already existing system.
If Ripple would partner here and provide their blockchain, then this is a feature.
Let's see if Ripple will announce this during their conference this week
If Ripple would partner here and provide their blockchain, then this is a feature.
Let's see if Ripple will announce this during their conference this week
when the apocalypse comes, the worth/value of cash (and money in general) will become completely obvious..
__worthless__
; )