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Apple Pay Cash Now Available for iOS 11.2 Users

randymac09 said:
One reason why Apple might be doing it the "stupid" way is because not all cards work with Apple Pay right now. So, now a user who has a card that doesn't work on Apple Pay can use Apple Pay via Apple Pay Cash. They can either load it up themselves, or accept money from other people onto their APC card and then use it. It might seem like an extra step to you, but it might be a benefit to someone else.
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I'll buy that, but you have to concede that is rare. I don't know about the rest of the world, but in the US most major credit cards support Apple Pay. Heck, even most well-established regional banks do at this point.

At least they should give us the option, a toggle somewhere, to automatically transfer all incoming payments directly to the primary bank account.

I help organize a beer-league softball team, and I also like to plan big ski trips for my buddies. I get people paying me all the time, so I have active accounts with PayPal, Venmo, PopMoney, and Square Cash, just to cover all my bases and make it as easy as possible for people to pay me. I hate that if I'm not on top of it, I end up with like $78.64 in PayPal and $113.02 in Venmo. Now I'll also have to keep an eye on the Apple Pay Cash balance and manually initiate a transfer to my bank every so often.
 
jarred125 said:
I really don't see the benefit to this considering the same is accomplished via other reputable services like Square Cash. Square Cash (and others) also have the benefit of being cross platform.
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oneMadRssn said:
It's no more difficult to just transfer the money to my preferred bank account right away.

The way Apple does it:
1. John iMessages me $5.
2. Apple charges John's card $5.
3. Apple puts $5 into my Apple Pay Cash account. (Why? This step is unnecessary)
4. I have to ask Apple to transfer $5 from Apple Pay Cash to my bank account.

The way Square Cash does it:
1. John iMessages me $5, using the Square Cash plugin for iMessage.
2. Square charges John's card $5.
3. Square transfer $5 to my bank account.
Click to expand...

For many users, barrier to entry may seem a higher with 3rd party services. Just like iMessage vs. WhatsApp and other services. Even if there are additional steps to set up Apple Pay Cash, the fact that it's already there may incline more people to use it.
 
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oneMadRssn said:
It's no more difficult to just transfer the money to my preferred bank account right away.

The way Apple does it:
1. John iMessages me $5.
2. Apple charges John's card $5.
3. Apple puts $5 into my Apple Pay Cash account. (Why? This step is unnecessary)
4. I have to ask Apple to transfer $5 from Apple Pay Cash to my bank account.

The way Square Cash does it:
1. John iMessages me $5, using the Square Cash plugin for iMessage.
2. Square charges John's card $5.
3. Square transfer $5 to my bank account.
Click to expand...

Having worked in the credit card world, on point 4 about how apple does it. It's a revenue stream for apple. They're getting a percentage of the transaction when you use Apple Pay. Just like when I swipe my credit card, Visa or MasterCard or whomever is the card provider gets a percentage of the transactions amount. It's a cost of doing business for the merchant. They are sure they are getting paid vs. taking a check and a week later finding out it bounced and having to collect those funds.

In a nutshel, apple wants you to use apple pay vs. sending it to your bank directly because it's a revenue stream for them.

And, I tried to access it and it shows up but when I toggle it on and put in my Apple ID password, it says not available, try again later.
 
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nsayer said:
I have visited this site under those circumstances and what I often see is people complaining of extremely long download times. That's not even close to the same thing as a universal up-front failure for nearly everyone.

And besides, if that was going to be an issue, they could have just slowly rolled out enabling the switch in Settings > Wallet. That would have - again - been a far better customer experience.
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We will have to agree to disagree on that first point because I see a similar environment to the current one when updates happen.

So, say they slowly roll it out. MacRumors is coincidentally a part of that slow rollout, they write their article, and we are here in the same situation. Except without the toggle. So now people are complaining they don't even have a toggle. And people don't even know where to go to see if they have an option or if it's available yet. At least at this point they know where to go to see if it's available. How would that customer experience be any better or different?

It's an endless battle of what's going to make people less annoyed because they physically can't have everyone's working at the flip of a switch. And that being said, the ridiculously small percentage of people on MacRumors, and the like, that are bothered by it not being active is most likely not even a blip on Apple's radar. The vast majority of people will have it available the first time they try and use it.
 
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Weird. On my ipad I got the terms of service window. Hit agree and then the option to even enable Apple Pay Cash disappeared. It still shows on my phone though.
 
oneMadRssn said:
So... Apple's way is better because they are flexing their iOS monopoly power to muscle out the little guys? Isn't that sort of like saying Apple is the Walmart of person-to-person payment processing? You like this?

This doesn't answer my question - why is Apple doing it the stupid way, when there is obviously a better way to do it? I'm not against Apple, I'm just confused why they deliberately make something more complicated and put an additional step between me and my money.
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"...monopoly power to muscle out the little guys?"
They have been doing this for many years, you just figured it out?

"why is Apple doing it the stupid way, when there is obviously a better way to do it?"
Because they need some way to make money from it. Why would they introduce a service that requires work, server support, etc. for free? They don't want you to put the money in your bank account because they don't make $$$ from it. They want it in your Apple Pay card so when you buy stuff using the Apple Pay card they get paid the fee.
 
What’s the reason to use this over my bank app? I bank with Capital One and can send anyone money via their iOS app (or via the web). It gets sent directly to their bank account. I just don’t see the need for this.
 
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There shouldn't be a compatibility issue with someone who is running the beta OS and someone who is running normal. It's not letting me send money to my buddy.
 
oneMadRssn said:
I'll buy that, but you have to concede that is rare. I don't know about the rest of the world, but in the US most major credit cards support Apple Pay. Heck, even most well-established regional banks do at this point.

At least they should give us the option, a toggle somewhere, to automatically transfer all incoming payments directly to the primary bank account.

I help organize a beer-league softball team, and I also like to plan big ski trips for my buddies. I get people paying me all the time, so I have active accounts with PayPal, Venmo, PopMoney, and Square Cash, just to cover all my bases and make it as easy as possible for people to pay me. I hate that if I'm not on top of it, I end up with like $78.64 in PayPal and $113.02 in Venmo. Now I'll also have to keep an eye on the Apple Pay Cash balance and manually initiate a transfer to my bank every so often.
Click to expand...

Yes, the example I gave is rare. However, myself, I plan on using the APC card as my main Apple Pay card and keeping money on it. I don't really care to transfer it to my bank account, so that's another example I suppose. Again, that's just me.

But I do see your point about them adding an option to automatically transfer, I think that would be a good idea.

Another guess might be that Apple is hoping more people use Apple Pay since they have the APC card. Not sure how much Apple gets per transaction, but they don't get any if you transfer it to your bank and use your bank card.
 
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Los Angeles here, didn't have to do anything for APC to show, but still not available. As many have said, it's probably just clogged. That's all! Give it some time, it's not like we are all RUSHING to send some money to people!

BUT if YOU ARE.... send it to me, I'm happy to test it for you! :p
 
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fmalloy said:
Because they need some way to make money from it. Why would they introduce a service that requires work, server support, etc. for free? They don't want you to put the money in your bank account because they don't make $$$ from it. They want it in your Apple Pay card so when you buy stuff using the Apple Pay card they get paid the fee.
Click to expand...

How do the few other payment processors that send the money straight to your bank make money then?
 
Rogifan said:
What’s the reason to use this over my bank app? I bank with Capital One and can send anyone money via their iOS app (or via the web). It gets sent directly to their bank account. I just don’t see the need for this.
Click to expand...

Same thoughts here. A ton of people do use android devices. Using bank app , I can send to anyone regardless of what phone ecosystem they are using.
 
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Getting closer and closer to not needing a wallet. :)

Edit: Then again how would I pay back my Android buds with apple pay? Walled gardens suck. :(
 
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