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Apple Pay Confusion

Blorzoga

Blorzoga

macrumors 68030
Original poster
May 21, 2010
2,560
66
I'm confused. Apple announced that the three major credit card processors, AMEX, VISA and MasterCard are all onboard with ApplePay. They then say that they've signed up x number of banks also. So, does the fact that my bank issued me a Visa debit card not necessarily mean that it will work on ApplePay? Does my bank also have to participate, or will the participation just be done through VISA?
 
The bank participation likely adds the ability to use debit cards… but I would think you could still use a Visa credit card issued by a non-participating bank.
 
No, it's dependent on the card issuer. So you can have Visa cards (debit with a credit logo or just a straight up credit card) through BofA, Chase, and a local credit union. If BofA and Chase support Apple Pay, you can add them to your phone. If your credit union doesn't support Apple Pay, you won't be able to use that card until they do.

Another example is American Express. AE issues their own cards, and if you get one directly through AE, it'll work. But some banks also issue AE branded cards, and that bank has to be participating in order for those to work.
 
Newtons Apple said:
I would think it does not matter if the card was debit or credit. It should work just the same if your bank approves Apple Pay.
Click to expand...

If it's credit, Visa/MC/AMEX get a fee. Debit, it all goes to the bank. Thats why stores usually prefer you make the transaction as Debit. (Also I think they get paid quicker).
 
My CU issues Visa branded debit cards but they are not participating in Apple Pay at this time. So no AP for me at this time. My Chase CC would work but I never use it.
 
Yeah I still don't get it. Apple says they support Visa, MC and Amex. I bank with KeyBank that isn't listed but I have a MC debit card through them, should it work since it's MC?
 
bnekic said:
Yeah I still don't get it. Apple says they support Visa, MC, Amex and Discover. I bank with KeyBank that isn't listed but I have a MC debit card through them, should it work since it's MC?
Click to expand...

They're just saying that they'll support all three major types IF the issuing bank is on board. If Apple said, "Apple Pay will work with ONLY Visa, Amex, and Mastercard, but no Discover", then even if your issuing bank works with Apple Pay, their Disover branded cards wouldn't work.

Long story short, if it's a Visa, MasterCard, Amex or Discover, and your issuing bank / credit card merchant is on board, you'll be able to use it. If your bank isn't on board, you're SOL at this point in time.
 
Oridus said:
They're just saying that they'll support all three major types IF the issuing bank is on board. If Apple said, "Apple Pay will work with ONLY Visa, Amex, and Mastercard, but no Discover", then even if your issuing bank works with Apple Pay, their Disover branded cards wouldn't work.



Long story short, if it's a Visa, MasterCard, Amex or Discover, and your issuing bank / credit card merchant is on board, you'll be able to use it. If your bank isn't on board, you're SOL at this point in time.
Click to expand...


Got it thanks.
 
appleii.c said:
If it's credit, Visa/MC/AMEX get a fee. Debit, it all goes to the bank. Thats why stores usually prefer you make the transaction as Debit. (Also I think they get paid quicker).
Click to expand...

It's not because it's quicker.
They all process and deposit to the merchants account the same time.
But debit card transactions cost way less to the retailer than credit card payments.
 
bigred7078 said:
I have a PayPal MasterCard, I wonder if Apple Pay will support it lol...
Click to expand...

Not yet, and doesn't look promising for the immediate future. Apparently PayPal struck a deal with Samsung, and Apple didn't like that.
 
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