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
What's the difference between losing your wallet and losing your phone? If you lose your wallet you lose cash, credit cards and other important pieces of identity so you're in a much worse position besides just being cash stranded. If you lose you phone you just lose the value of that phone and you might even have the ability to find it again.
Also why have a red dot on the Apple Watch?
I think it has to do with control of tech and people - maybe for our own good, but as a slight blow to freedom that most people won't care about.
Thanks for the PSA! I've got a Capital One 360 account at 1.2% interest. I had no idea Amex offered better rates.
And before anybody says that 0.05% doesn't matter, if you've got a substantial balance, it does. (Not bragging, just saying.)
Has there been any interest or mention as to whether Apple Pay "Cash" transactions can be "reversed" or "charged back".
Let's say someone pays me $20.00 by Apple Pay Cash - person to person - for a restaurant bill.
Can they phone call to Apple or whoever a month later when they read their bill and complain that "they made a mistake and didn't mean to send that money" and then Apple will charge it back to me and refund their $20.00?
Any talk about such use cases? Happens with Paypal and credit cards all the time. "cash" means anything in Apple Pay Cash or not?
Let's say someone pays me $20.00 by Apple Pay Cash - person to person - for a restaurant bill.
Can they phone call to Apple or whoever a month later when they read their bill and complain that "they made a mistake and didn't mean to send that money" and then Apple will charge it back to me and refund their $20.00?
Any talk about such use cases? Happens with Paypal and credit cards all the time. "cash" means anything in Apple Pay Cash or not?
Another poster asked this previously, and I haven't seen any responses, nor have I been able to find anything about it online. This is a big question for me, too.
Probably too early in the testing stages for Apple to release that level of detail, but I'm sure they will before the official rollout.
That’s interesting. What area do you live in? I’m in the Pennines (UK) and every supermarket, Cade, and restaurant I’ve been to in the last year has taken Apple Pay. I mean, I’d say most took it the moment it launched thanks to it being functionally identical to contactless.
No, when the apocalypse comes, scarce-and-vital commodities (food, water, bullets, hand tools) will be king, cash will be worthless pieces of paper useful only for burning to keep warm. "Cash will be king", ha!
[doublepost=1508092764][/doublepost]
No, you didn't read what the OP said, you skimmed a few words, and jumped to a conclusion that was favorable to you because it allowed you to laugh at him.
He said, "If someone sends me money, I want it directly deposited into my checking account. I don't want Apple to hold it like a bank or paypal, so they can get incur interest."
Nowhere did he say he was going to deposit it in his "interest bearing checking account and keep the interest for himself."
He also did not say that he wanted someone to write him a check or give him cash. He wants the "seamless and secure convenience of personal Apple Pay", but with any money that gets credited to his "Apple account" immediately getting transferred out to his actual checking account, not so it can collect interest in his checking account but to be able to use that money however he wants, outside the Apple ecosystem (maybe he needs to give some to a friend who uses Android). As opposed to having Apple "hold onto it for him" while Apple collects interest on his $50 (pooled with ten million other people's $50 each -- the daily interest on that half a billion dollars is not insubstantial). This is not uncommon with companies that handle large quantities of other people's money. Starbucks would love everyone to keep a big balance on their Starbucks Card - sure, it encourages brand loyalty / repeat purchases, but do you think they just stuff all that cash under a mattress?
Myself, I'll cheerfully leave a small balance on my Apple Pay Cash account, letting Apple collect the interest in exchange for me getting the convenience of frictionless payments to friends for dinner and such. If someone uses it to transfer several hundred dollars to me, then yes, I'll have Apple transfer that out to my checking account. But for a running balance of $20 or so, I'm more likely to just leave that in my Apple account for future use. This is what Apple's hoping for (they get interest off the combined balances as well as paying fewer transaction fees because they're not immediately transferring every dime out to bank accounts), but I don't mind - like I said, I'm happy to hand over pennies of interest in exchange for the convenience.
But go ahead, keep laughing at others because you either can't read or are unable to understand certain concepts.
It's a key issue that is very significant and can turn traditional credit card "banking" on it's side.
If you want to beat Paypal, then blah blah "cash" or "Apple Pay Cash" payments should respect the term "cash"
The keyword is "cash" - is anyone going to give people the privilege of controlling "cash". The freedom to send "cash" and receive "cash" with Apple Pay Cash?
Nobody cares?
Nobody mentions it hardly?
I know that many people do care - so I would like to see more discussion about that aspect of the key word that has been added to "Apple Pay"....... You know what it is right? "Cash".
read right above the picture..
i'm assuming that's how it looks on Apple Watch which uses a compact version of San Francisco font.
[doublepost=1508096908][/doublepost]
well, in fairness, i think Canadian cash smells like maple syrup.. so if you have a bunch of Canadian dollars stocked up, you might be able to eat them while sort of tricking yourself into believing you're having pancakes instead of paper&plastic.
Last edited:
Giving your SSN to Apple is completely safe. We all know Apple/The Cloud/etc. NEVER get hacked.
Not that I'm arguing in favor of giving Apple your SSN, but do you have any actual examples of Apple or iCloud (not the cloud in general, but Apple's iCloud) getting hacked in ways that have resulted in significant data breaches? Apple isn't perfect, but they do tend to consider security/privacy fairly highly in their designs/implementations.
[doublepost=1508098227][/doublepost]
Thank you for linking to this, it's fascinating - I pointed it at San Diego... the downtown and La Jolla business/financial districts, the airport, and, more tellingly, the two major universities (UCSD & SDSU) and the two biggest party destinations (Pacific Beach's main drag, and The Gaslamp District) all lit up bright red. The future generations appear to be headed towards Apple.
Last edited:
I don't think it does get hacked. I think people's bad passwords got hacked - not Apple iCloud.
I could be wrong of course (unlikely
).Is there any type of wait time or a hold when sending cash others or when sending to your bank account?
This is exactly why paypal sucks! With Google wallet, once it is sent, that's it.
Death of cash? Good luck getting by with no cash when you have no power.
https://www.bloomberg.com/news/arti...uerto-rico-a-cash-filled-jet-as-money-ran-low
I don’t recall Venmo or PayPal asking for my SSN when I directly linked my bank account to their services... they just needed my account number and routing number...
This seemed cool when the impression was that it would be simple, but if their implementation is to have you give apple your personal information to open a debit card on your behalf then no thanks.
Most of the major banks now participate in Zelle so there's no reason to give your information to apple when you can give people money via your bank
Most of the major banks now participate in Zelle so there's no reason to give your information to apple when you can give people money via your bank
A SSN number is not required for either. Banks just require some sort of way to verify who you are. A social security is not required by law.
And even if it were, Apple Pay Cash is neither a bank account nor a credit card.
Equifax did you the favor 3 weeks ago of making this a non issue.
I did not realize that Google Wallet transactions were irreversible. What's the catch? I don't believe it actually. I'd bet money on it. I could be wrong of course (Ha!
)..............OK - I just "googled it"
https://support.google.com/wallet/answer/6285523?hl=en
You are wrong about saying with Google wallet "once it is sent, that's it" That statement is Not correct.
Cancel or dispute a transaction
You can cancel money you sent through Wallet if the recipient hasn't claimed it yet. If you think money was sent or received fraudulently, you can dispute a transaction.
Cancel money you sent
- Visit wallet.google.com.
- Click Menu
Transactions.
- Click the transaction you want to cancel.
- Click Cancel payment. If you don’t see Cancel payment, it’s too late to cancel the money. Ask the recipient to return the money. If you think you’ve been a victim of fraud, you can file a dispute.
- It can take up to 14 days to see the refund in your original payment method.
If you weren’t able to cancel a transaction or think it was made in error or fraudulently, contact us.
Wow. So if I had your bank account number and routing number, I could link to your account, too?
Looking at the screenshots, I noticed a couple of things. One is that it only asks for the last four digits of your SSN, not the entire number. Two is that it says it will use the information to verify your identity using a service.
I suspect that once your identity is verified, Apple's servers no longer store the information you enter, just as they promise not to store your actual credit card account number once you've set up the card with Apple Pay (though if you have an iTunes account, Apple probably already has your name, address, and at least one payment card). The fact that they verify against a service means that the service already has your information.
If you've managed to keep your name, address, and the last four digits of your SSN completely private, you probably won't be able to set up Apple Pay Cash. And you probably won't even want to try, because you don't want anyone tracking any of your transactions.
Lots of assumptions here on various key points - it makes what both of you say close to meaningless in my opinion.
I could set you both straight with facts, but for the sake of example - I'd need to be paid a consulting fee for that.
I suppose I could accept payment from Paypal or Google Wallet, but both of those payments could be disputed by you guys, so I'd have to trust that you would not try to dispute and charge back the payments. Darn! What about Apple Pay Cash? If you paid me a consulting fee to set you both straight on your possibly erroneous ideas about SSN's and how Apple verifies your identities, have you considered whether Apple Pay Cash acts like real cash? Or is it just more of the same Paypal, Credit Card, Google Wallet stuff where if you don't like what you got, you can just call them up and dispute the charges and get your money back?
I just posted this use case as an example of the real point I would like to have answered - "Is Apple Pay Cash" like real cash? Or just an Apple branded Paypal?
Last edited: