So I was wondering why no one is utilizing Apple Pay in order to pay my monthly bills. I tried contacting several companies that I have monthly bills through (ATT Wireless, Ford Motor Credit, PG&E, Capital One Credit Card) to inquire if they were working on the option to pay my bill using Apple Pay. And across the board the answer was NO. Why is that? Does anyone know? It is especially puzzling to me that Capital One allows you to use Apple Pay to make purchases, however you can not pay your monthly bill using it. Does anyone have any insight into why this is?
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Apple Pay for Bills
- Thread starter truskowr
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To clear this up a little:
PG&E is for utilities (gas, electric)
Ford Mo Credit is car Payment
I have a B of A debit card loaded into Apple Pay that I want to use to pay these bills with. If I go to the individual websites I can use the debit card, but not Apple Pay.
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maflynn - it would work just like other in app payments. Like target for example. It would give you a choice to use apple pay to make the payment
PG&E is for utilities (gas, electric)
Ford Mo Credit is car Payment
I have a B of A debit card loaded into Apple Pay that I want to use to pay these bills with. If I go to the individual websites I can use the debit card, but not Apple Pay.
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maflynn - it would work just like other in app payments. Like target for example. It would give you a choice to use apple pay to make the payment
Legal reasons. Do you really think a car company wants to take money from a virtual credit card that doesn't have your name?
While I like the idea (virtual debit card for security/privacy), each vendor would probably need to create an app for you to do it and they'd have to make sure that the cards are processed as debit, as opposed to credit where they'd see a cut taken out for fees.
In the case of AT&T, it would make total sense since they take Apple Pay in the stores (I think), take credit cards on their web site, and have an app. Unfortunately, their app is basically a mediocre wrapper for their web site and they might just be slow to embrace the idea - I have it set to autopay, so I really don't worry about it, but still wish there was the tokenization aspect.
As for power (or gas) and car loans, I think those might be the last items you'd see do anything other than a debit or ACH transaction for most companies.
In the case of AT&T, it would make total sense since they take Apple Pay in the stores (I think), take credit cards on their web site, and have an app. Unfortunately, their app is basically a mediocre wrapper for their web site and they might just be slow to embrace the idea - I have it set to autopay, so I really don't worry about it, but still wish there was the tokenization aspect.
As for power (or gas) and car loans, I think those might be the last items you'd see do anything other than a debit or ACH transaction for most companies.
Apps could support it. For example, you can pay your phone bill in the myAT&T app. There's no reason they couldn't add Apple Pay support to the app.
Because those in themselves are credit accounts. The only way I could see it working is if apple pay only allowed you to pay bills if it had a debit card on file and not just a credit card.
how could you pay your credit card with the same credit card?
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I don't think you understand how Apple pay works.
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I don't think you understand how Apple pay works.
I think banks should try to embrace this as soon as possible.
Any company should be able to send out an 'invite to pay' easily so that it can be payed for with Apple Pay directly. Would be extremely useful. I can imagine this being used everywhere.
For instance in restaurants: asking for the receipt with a QR-code on it that allows you to pay with Apple Pay.
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Any company should be able to send out an 'invite to pay' easily so that it can be payed for with Apple Pay directly. Would be extremely useful. I can imagine this being used everywhere.
For instance in restaurants: asking for the receipt with a QR-code on it that allows you to pay with Apple Pay.
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Why? What do you mean?
What does it matter? I don't see the point.
While your are correct about the car payment being a financed credit bill your gas, phone or electric bill are not credit accounts. You must pay them by the month as used. People with questionable credit are usually required to pay a deposit so in they are in reality paying before use.
Most people don't understand how to use a CC. You should use it like a debit card. This has several advantages. You can get up to 30 days 'free' interest and have all CC advantages over a debit card. You should NEVER carry a balance over and pay interest. This just lowers your buying power and is spending beyond your means. If you pay $500 a year in CC interest that is 1 iPad you buy and 'give' to the CC compony.
What you're describing is more like a charge card. Although you can do that and some people here do that, this is not how we usually use credit cards in the UK. Each year I take out a "0% APR for 15months" card and pay the minimum each month but before the interest free period ends I pay off the whole balance. The benefit of this is that I can EARN interest on money I've already spent by putting it in a 12 months fixed savings account. I've never paid interest on a credit card!
P.S. After the promotional period ends (or if the card hasn't got one) then it's normally 56 days interest free in the UK and not 30.
Jonathan