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Apple Pay Cash Coming in Future Update to iOS 11 and watchOS 4
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Unfortunately here in NY that's par for the course.
20 cents
20 dollars
Damn you, now I'm craving ramen lol
It’s probably the same as getting cash in a checkout line when you pay for stuff at a store. The bank or card issuer doesn’t know you’re getting cash, they just see the amount that the store “charges”.
I don't think so. The article implies there is a clear difference between debit transactions (to which you're referring, I believe), which are usually fee-free and credit transactions, which usually carry an interest rate plus a transaction fee. They say credit transactions will carry a 3% transaction fee, but credit transactions can be either "charge" or "cash-advance". Cash-advance typically carries a higher interest rate for the borrower, so at least for this issue, it matters how the credit transaction is classified.
This is dumb. Why not just launch it in all countries that currently support Apple Pay?
What service allows you to send money against a credit card for free?
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No. That’s a debit card and would be free. It just uses the visa network for transactions.
No way. $20 for Ramen is only slightly expensive. I usually spend $22 for Toto Ramen in NYC after tip and tax. In fact, I was just there not even 2 hours ago.
I am so off topic but you guys are making me super hungry.
Sorry, resume thread.
You’re not alone. I was trying to decide what to eat and ended up making a pack of ramen after seeing the pics of one on this thread.
If these are processed as cash advances, it will quickly 'fail'.
Darn it. I was hoping to use this tomorrow for someone I need to pay back. Well, guess I won't be doing that to pay him back.
My guess now is that iOS 11.1--which will roll out circa mid-October 2017--will add the Apple Pay Cash functionality. It's similar to what Apple did in 2014 when iOS 8.1 rolled out about a month after the iPhone 6 shipped to add the NFC-based Apple Pay system. That means iOS 11.2 will roll out at the beginning of November 2017, which will add functionality specific to the iPhone X, especially Face ID functionality.
Paypal offers instant deposit for a few of my well known accounts like Chase. It's not available for the lesser known issuers though. Waaay in the past my deposits always happened within 1 business day when quoted 3-5.
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Non iOS / (Android) devices will probably keep Venmo going.
This is different because it’s part of the core OS and might open the door to the end of these money transfer apps.
I’ll put a “FIRST!!!!1!!!” trophy in the mail for those companies, I guess? Getting to market ahead of others doesn’t make something the best.
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At least there's something said about Apple Pay Cash. Nothing on iMessages in the Cloud. Reminding me of when they announced notifications but didn't launch it till the next OS.
There's no way to know until it's out. Being the best makes something the best. Chrome is a good example. They didn't take down Firebox and IE by being flashier or first. They did it through years of proper and pretty consistent execution.