Apple Pay Confusion

Blorzoga

macrumors 68030
Original poster
May 21, 2010
2,555
65
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?
 

Munitalp

macrumors 65816
Jul 17, 2007
1,172
7
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.
 

Supermallet

macrumors 65816
Sep 19, 2014
1,307
648
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.
 

appleii.c

macrumors 6502
Mar 18, 2013
487
2
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.
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).
 

Resqu2

macrumors 6502a
Apr 23, 2011
757
176
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.
 

bnekic

macrumors 65816
Sep 19, 2013
1,006
258
Cleveland, OH
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?
 

Oridus

macrumors 65816
Oct 8, 2012
1,029
915
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?
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.
 

bnekic

macrumors 65816
Sep 19, 2013
1,006
258
Cleveland, OH
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.

Got it thanks.
 

Applejuiced

macrumors Westmere
Apr 16, 2008
40,650
6,403
At the iPhone hacks section.
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).
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.
 

Oridus

macrumors 65816
Oct 8, 2012
1,029
915
I have a PayPal MasterCard, I wonder if Apple Pay will support it lol...
Not yet, and doesn't look promising for the immediate future. Apparently PayPal struck a deal with Samsung, and Apple didn't like that.