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Apple Pay Cash Officially Launches Today After Early Roll Out to Many Users Yesterday
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...plus there are a host of known issues with 2FA. Unique passwords and an email/sms alert to the geolocation of the new login should be fine...that my suggested use/verification scenario.
Simple: The poorly orchestrated 11.2 release upon upgrade showed a "Continue" button, and nothing else, relative to P2P Apple Pay.
As a result, my wife, who is an artist, and a technophobe, called me freaking out:
"I cannot use my iPhone!", she said. "This things wants me to "Continue" P2P Apple Pay, upon startup, and i do not know what it means!" (She was thinking a rogue app demanding payment).
So, for you it may be OK with this. But I called it like I see it: poor engineering, poor programming and poor QC.
Because for "99%" of the iPhone population, this feature is unknowing, and it is simply unacceptable to turn-on a financial configuration without allowing to opt-out during setup:
A terse "Continue" and no further exchange to opt-in/out just does not cut it.
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I didn't even know you could sign into iMessage with a different account than the one you're signed into iCloud in general with.
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Wouldn't it just be simpler to, you know, hand them some money?
Apple would have the administrative opportunity to set up a bank and sell their own credit cards globally.
Through this detour, all the world's preventers of Apple Pay and Apple Cash could learn how finance needs to work.
Not by excluding the world. Not by restricting the possibilities of payment transactions (banks) or countries (Apple).
Through this detour, all the world's preventers of Apple Pay and Apple Cash could learn how finance needs to work.
Not by excluding the world. Not by restricting the possibilities of payment transactions (banks) or countries (Apple).
Heard some rumours a while ago here on MR that Apple Pay would be available in November in The Netherlands, well, it's December, Nothing.
Not that I care much though, I have an NFC enabled Debit Card, it's in my hand before the cashier even asks, hold it against the POS, that's it, faster than Apple Pay.
That's not how it works.
Apple Pay Cash is a virtual debit card.
John owes Mike $10. John sends Mike $10 via Apple Pay Cash.
Mike owes Sam $10. Mike can immediately send the $10 he received from John to Sam via Apple Pay Cash.
However, let's say Sam is a Samsung user (har har, sorry about that) and doesn't have Apple Pay Cash. Mike can transfer the $10 in his Apple Pay Cash account to his checking account but it will take a few days for the deposit to clear. Only then can Mike go to his bank's ATM, withdraw $10, then give the ten dollar bill to Sam.
Or maybe Mike has a ten dollar bill in his wallet and gives that to Sam. Sam gets his ten dollars, but it's not the same ten dollars that Mike received from John. Those ten bucks are still in Mike's Apple Pay Cash account. The net is the same, but the funds are now located in different places. Mike's Apple Pay Cash +$10, Mike's wallet -$10.
With Apple Pay Cash, you aren't sending money directly to someone's bank account. You are sending it to the Apple Pay Cash account. In the same way, if Mike gives a ten dollar bill to Sam, it's not in Sam's bank account. It's in Sam's wallet or pocket. It won't end up in Sam's checking account unless Sam deposits it.
So those ten dollars in Mike's Apple Pay Cash account, where are those funds being held? They are actually deposited with Green Dot Bank, member FDIC.
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Yep, it‘s just an option to use Apple Pay. But we’re obviously not in a position to decide whether or not to us it actually.
If you think hard enough you should be able to come up with at least two scenarios where this wouldn't be feasible.
What a fustercluck. The OS launched on Saturday announcing Apple Pay Cash in the release notes, people were shown a splash screen yesterday inviting them to setup Apple Pay Cash (and many people who tried were met with error messages), and the feature "officially" launched today. I would expect this nonsense from a small software company that is still trying to figure out launch logistics, but not from a company that is decades old and on the verge of having one trillion dollars in the bank.
Not driven by technology? Samsung bought LoopPay, which allowed them to tie in with the older readers. That's an exclusive thing, and therefore this situation IS driven by technology.
Except you could already do that with other apps for quite some time now. And I guess any of your Android friends are out of luck or not invited??
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Except that not everyone has an iPhone.
Using other apps requires knowledge of cashtags/email addresses associated with the services, installing of another app and signing up for that service. This is built into our phones already and worked seamlessly at lunchtime today. Our other coworker (yes, we're a small department) is definitely invited, but he usually passes. He's thinking of joining us in iOS land anyway.
Meh, we've had Interac e-transfers for years. Can't see when I would actually use this.
What's your point?
Fine, not everyone has an iPhone. There are existing solutions for P2P payments like PayPal.
Apple Pay Cash is another alternative for those who wish to exchange cash within the Apple ecosystem (families, maybe close friends, etc.). This isn't meant to be a solution to give five bucks to someone whom you will never meet again in your life. It's really intended for people with whom you might have regular cash transactions.
Services like PayPal and Square Cash have been around longer, but it's a third-party service/app one must download and configure. For Apple Pay Cash, it is already built into the operating system with greater integration.
As far as I can tell, Android Pay (formerly Google Wallet) has no P2P payment function nor does Samsung Pay.
Google Wallet was a nice offering five years ago, but in the end, it was really just a fee-free MasterCard-branded debit card for Millenials. If you were a real grown-up with a real checking account and at least one real credit card, Google Wallet provided zero value add. That's a good explanation why the physical plastic Google Wallet card is dead and gone.
And constantly reminding us that non US members use this site is annoying as hell.
That is why bitcoin is the future and no more fees in the future to transfer funds. This 3% fee is getting ridiculous on top of the tax you pay when you purchase something. I know some people will say running business is not free. This would have been a chance for Apple to create their own digital currency usable with Apple Pay. That would have been awesome and using our iPhones to process all the transactions like mining. Sweet!
Wow, I never thought of that! Thanks for your great advice
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You made it sound like nobody knows how to install an app and setup an account! Apple cash sounds great, but its years late and limited to iOS. Until its available to all platforms, its just adding to the clutter.
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My point is, it took Apple so long to make a very basic/limited P2P feature. If it were cross platform then there wouldn’t be a discussion. Instead of making something that we all can benefit from, Apple just added to the clutter of cash apps.
Of course there is. We have Swish here in Sweden. It even works cross-platform regardless if you use iPhone or Android.
Messages on iCloud would have been FAR better.
I guess the convenience of doing it through imessage and having it on your phone wallet, no need to launch a website or an app. But you're right its limited to iPhone users which is a limited audience...
So give them a copy of your credit card. That's what I did with my daughter. She knows the limits, and it's there in an emergency. Or, I guess, jump through whatever other weird hoops you feel like to transfer money.