Yeah, I would use the CC if I had a benefit on my credit card. But I don't lol. I have the low interest card, so it comes with no benefits.
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Apple Pay Expanding to China, Possibly France and Canada's Big Banks
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Yeah, I would use the CC if I had a benefit on my credit card. But I don't lol. I have the low interest card, so it comes with no benefits.
It's interesting how people in this thread are ignoring in-app use of Apple Pay. Frankly, I think that's going to be used way more often by Americans (and possibly others) than tapping, especially since chip and whatever will eventually become fast enough where most people won't care (and people here don't trust contactless payments anyway, which is the real reason why it's not on our cards anymore).
That's a huge overstatement. As the rest of your post indicates, you were able to use your card--just with a bit more hassle. (Which would be just as much of a hassle in the US if merchants weren't taking advantage of being allowed to waive signature for <$50.)
That's a huge overstatement. As the rest of your post indicates, you were able to use your card--just with a bit more hassle. (Which would be just as much of a hassle in the US if merchants weren't taking advantage of being allowed to waive signature for <$50.)
Not true. Some places in France and Germany I have had my card rejected because of no PIN. Try using your card in a parking garage in a machine. The machine doesn't ask for a signature, it wants a PIN. I was rejected in Germany in a grocery store because of no PIN just 2 months ago.
The whole idea of a signature is ridiculous. If I drop my card, anyone can pick it up and use it by scribbling a signature. A PIN number is way more secure. When I called American Express and tried to get a PIN number, they told me that Americans don't want to try to learn a 4 digit number, it's too complicated.
When I travel in Europe I always have at least 100 Euros in cash, and ask before sitting to eat if my card can be used.
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Any card is a ZERO interest card if you pay the entire balance every month. It's crazy not to. Never cary a credit card balance, and always get cards with the most miles or benefits.
Oh believe me, if my circumstances weren't what they are, I'd have a benefit card. But without going into detail, this is my better choice at the moment lol.
The reason is simple, there are few banks in Canada and they control payment terminals, not the retailers, in the US, payment is much more fractionned which is good on the bank side since no cartel can block Apple, but on the terminal side it is just a free for all where it is the retailers that want to maintain control of their little fiefdom.
You do realize that there are an awful lot of people who have no real choice except to carry a balance? And people who don't qualify for the cards with the best perks?
My card is a debit/credit combo card (with chip & NFC) and I typically use debit for everyday purchases. I'll keep better track of my money when there's not that much delay between the purchase and the actual payment. For some larger purchases I use my credit card as it provides some additional insurance, but groceries, gas, and other everyday stuff goes to debit with some rare exceptions.
Just like Passbook, now Wallet, has never taken off, so goes the fate of Apple Pay - small demographic in a big world.
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Hence, the "real" reason why Canadian banks don't want to share their handling charges with Apple. PLUS, the government has capped what the Canadian banks can charge for credit card fees. The only way Apple is getting into the Canadian banks is if they take a smaller cut than they are currently charging in the U.S.
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Hence, the "real" reason why Canadian banks don't want to share their handling charges with Apple. PLUS, the government has capped what the Canadian banks can charge for credit card fees. The only way Apple is getting into the Canadian banks is if they take a smaller cut than they are currently charging in the U.S.
Of course you have a choice.... don't buy something you can't afford. Having a balance on credit card is just stupid and irresponsible.
They have a choice... The spend what they have, and not what they don't have.
If you do that, you'll eventually qualify for a card with the best perks.
See how that works.
You were saying that you can't use your card at all. Since you can still use your card anywhere with a cashier, that's not really true. (And if the business balks, you can complain to your bank/Visa/MC/AmEx since rejecting such cards is against their merchant agreement.)
Would it be nice if there was a PIN? I suppose. But with extra planning, it's no big deal. Your situation may be different of course.
BTW Apple Pay would likely only help with smaller transactions in Europe for the time being. You'll probably still have to sign if the transaction's over a certain amount, assuming that the terminal doesn't just block it altogether.
Huh? Wallet seems to be used fairly often for plane tickets at least.
I trust none of those people are hanging around the MR threads looking to pick up the latest tech @ the Apple Store.
Personal finance is ALL about wants and needs.
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WOW ... airline boarding passes ... that's about all ... hardly a success.
As for credit cards in Europe - if you spend any time in Northern Germany take lots of cash - because not many merchants take credit cards.
I also use my Starbucks card with it. Considering that something like 30% of Starbucks purchases involve scanning one's phone, that's a significant number of people.
That reminds me, I have a Chipotle coupon in there that I need to use soon too.
No my US issued credit cards have been rejected in Europe many times by cashiers. They want a card with a chip and a PIN. They don't consider a signature to be secure. I think in Europe there is more responsibility placed on the merchant for fraudulent chargers than there is in the US. In the US the charge card companies pretty much handle any issues.
I fly a lot, so having my airline ticket in wallet (and on my watch) is nice. I also have a Starwood Preferred Guest card, Hyatt Gold card in Wallet, and various rewards cards. So yes, I find it useful.
Also if you have a charge card in Wallet, any charges made on the card instantly show up as a notification on your phone and Apple watch. Very nice to keep tabs on your card. If my card was fraudulently used, I would know in about 5 seconds.
I'm pretty sure the liability rules are the same regardless of whether PIN or signature's used and regardless of the country, though I don't have the Visa/MC rules on me to look right now. Could it be that they don't know what to do when a signature slip prints out? They don't really know that the card doesn't have a PIN until they try to run it.
I use it every chance I get because it's 1000x more secure and convenient than any other form of payment, including cash.
Apple Pay has launched in the U.S., U.K., Canada, and Australia to date, and the mobile payments service could expand to a fifth country this week: China. A customer service representative for China's Guangfa Bank, using the bank's public WeChat account, appears to have confirmed that Apple Pay will officially go live in the world's most populous country on February 18 at 5:00 a.m. local time.
Apple previously announced that Apple Pay will expand to China in early 2016 in partnership with UnionPay, a state-run interbank network that holds a monopoly on the country's credit and debit card processing. UnionPay cardholders will be able to use Apple Pay on iPhone, Apple Watch, and iPad -- the latter for in-app purchases only. iOS 9.2 or watchOS 2.1 or later will be required, according to the screenshot.
In November, The Wall Street Journal reported that Apple reached deals with China's big four state-run banks, including the Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China, to launch its iPhone-based payments service in the country. The report said Apple Pay could launch by the weeklong Chinese New Year, which concluded on February 13.
That prospective date has since passed, but a pair of YouTube videos surfaced in January that appeared to show Apple Pay working with UnionPay bank cards in China for both in-store and in-app purchases. It is possible that Apple soft launched Apple Pay in China with select participating issuers in order to test the payments service, ahead of its official launch in the country in a few days.
Meanwhile, French website iGeneration claims that Apple is preparing to launch Apple Pay in France and could make an announcement in the first half of 2016 -- perhaps at WWDC in June. The report claims it is unclear when Apple Pay will become available in French stores, nor does it have information about which banks and participating issuers will support the service upon launch.
Last, new evidence has been uncovered that hints at Apple Pay support coming to Canada's big banks. Specifically, Twitter user ChaseFromm2016 recently discovered a "NetworkInterac" string hidden in iOS 9.2.1 code, as shared by the blog iPhone in Canada. The same string was also shared on Chinese website Feng last month, in the screenshot pictured right, according to the report.
Interac is Canada's official debit card network, adopted by the country's largest banks and credit unions nationwide, including BMO, CIBC, Desjardins, Meridian, National Bank of Canada, RBC, Scotiabank, TD Canada Trust, and many others. TD Canada Trust already stirred speculation in October when it inadvertently listed Apple Pay as a method of payment on its website, before quickly removing it.
Apple Pay is currently limited to American Express cardholders in Canada and Australia, and the same partnership will be extended to Hong Kong, Singapore, and Spain later this year. Apple Pay is now available at more than 2 million retail locations, and Au Bon Pain, Crate & Barrel, Chick-fil-A, Cinnabon, Chili's, KFC, and Starbucks stores now do or soon will accept the payments service in the U.S.
Update: Reuters confirms that Apple Pay officially launches in China on February 18.
Article Link: Apple Pay Expanding to China, Possibly France and Canada's Big Banks
Nope: still no plans for using "pay apple"
Man, I was in China for a few days last week, tons of people using iPhones. I thought it would have been more Samsung heavy or Android based phones. Apple Pay should take off pretty nicely over there I think.
Until you learn that the PIN is stored within the chip and wonder what genius thought that was a good idea. While it should be rare, good luck getting money back from the bank because "you must have given your PIN to someone!".
It doesn't have to be stored on the chip. In fact, relatively few countries actually do that.
I don't have a rewards credit card, so there's no point for me. My card is just a low interest card. As for giving merchants my info, well, I trust that the system is not giving it to them. And if anything happens, all I have to do is cancel my debit card (they expire like credit cards too) and get a new one. And tell the bank that I did not make certain purchases.