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Apple Pay Launching in Canada With American Express on November 17

I really don't see Apple Pay gaining any traction in Canada. Although I have an iPhone 6, I would still prefer to make purchases by tapping my credit card. It's much faster, easier/lighter to carry in my pocket, and no chance of a fingerprint misread. I suspect there's little to no market demand for this service, which likely explains why the Canadian banks aren't budging in negotiations.
 
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xero9 said:
That is true in most cases, but if no banks offer it then customers are upset however there is nothing they can really do about it.
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You are right, we couldn't really say much before because no one in Canada offered it.
But now we have AMEX offering it :)
 
nope7308 said:
I really don't see Apple Pay gaining any traction in Canada. Although I have an iPhone 6, I would still prefer to make purchases by tapping my credit card. It's much faster, easier/lighter to carry in my pocket, and no chance of a fingerprint misread. I suspect there's little to no market demand for this service, which likely explains why the Canadian banks aren't budging in negotiations.
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You're way off the mark.
 
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Corrode said:
For those looking to add an Amex to their wallet, check out the Simply Cash card. 1% on ALL purchases, no annual fee. Had it for about a year now and was the best no-fee card by far at the time of my shopping around. https://m.americanexpress.com/ca/en/content/simply-cash/
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Honest question (I know it might not sound it, but I'm genuinely curious), assuming that is the best card that meets your criteria, any idea why Canadian cards are so much stingier with rewards than American credit cards? In America, 1% cash back is pretty much the base for any reasonable credit card.
 
gco212 said:
Honest question (I know it might not sound it, but I'm genuinely curious), assuming that is the best card that meets your criteria, any idea why Canadian cards are so much stingier with rewards than American credit cards? In America, 1% cash back is pretty much the base for any reasonable credit card.
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Likely for the same reason that Apple Pay is having a hard time rolling out to other countries: their banks simply get less money per card use than American ones.
 
my family owns an SMB and the merchant fees AMEX charges are way too high. We do not accept AMEX and perhaps 2% of the customers are surprised by that but they all have other cards. For that reason I personally would never carry an AMEX.
 
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nope7308 said:
I really don't see Apple Pay gaining any traction in Canada. Although I have an iPhone 6, I would still prefer to make purchases by tapping my credit card. It's much faster, easier/lighter to carry in my pocket, and no chance of a fingerprint misread. I suspect there's little to no market demand for this service, which likely explains why the Canadian banks aren't budging in negotiations.
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There is a simple huge security difference. If someone gets hold of your tap card, they can use it. If someone gets hold of your iPhone or Apple Watch, they can't use it - without your finger. Plain and simple.

I prefer leaving my wallet in my pants pocket, and either (a) use my watch - it's right there on my wrist all the time, or (b) use my iPhone which is always handy in my shirt pocket.

Having used ApplePay since day one in the US and Canada, I can state that I have never had a "fingerprint misread". None. It's a non-issue.

Pre-ApplePay I had a number of tap cards. Now I only have one, infrequently used, non-ApplePay NFC card left.

I know it is not often mentioned but one additional advantage of American Express when merged with Apple Pay and the Amex App is that your iPhone can be notified (push) for each and every charge made regardless of how the charge was made. Recurring payments, online charges, ApplePay charges, literally any charges. It is the best fraud protection bar none.
 
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I don't understand why it's such a big thing to pay by an iPhone. We have had tap and pay cards for 3 years and their's no big problem as all our banks will refund any fraud charges. The max is $80 per tap charge and you are only allowed so many $80 tap charges per day until a pin number is required.

It seems to me it's a lot slower paying with an iPhone.
 
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Crzyrio said:
If a customer wants something, it is the banks duty to deliver that or risk losing the customers that want it.

Apple is offering a service and in order for the banks to benefit from that service they have to pay for it.


The same way if Company A has more services tied to its membership than Company B. People will obviously chose company A unless Company B adds similar services. It is the responsibility of the retailer to provide what its customers want.
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Hm no. The banks' service is financial service which they provide to their customers through their infrastructure and programs. Things like contactless payments etc have already been implemented widely in many countries and the customers have been able to use them without any issues. The banks have done their job.

Apple, on the other hand, wants the banks to pay them just to deliver the bank's existing services. Apple's solution offers the banks zero incentives, either directly or indirectly, because the banks (again not in the US) have already been able to provide widely the same thing to their customers. Furthermore, Apple wants to sell its hardware though its software, that's why it introduces Apple Pay. Apple is not interested in doing anything free to its customer. So it is ludicrous that it wants to charge both the banks and its own customers for something that they can do, easily, without Apple.

Anyway, if Samsung launches Samsung Pay faster than Apple, it'll be another embarrassment for them in terms of their services.
 
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Poochi said:
Credit cards are not hard to switch, in fact banks are begging you to sign up with them with so many promotions. It doesn't affect your bank accounts and mortgages and payments etc
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Ok. We shall see if people will desert the banks in large numbers just because their banks don't offer Apple Pay :rolleyes:
 
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GristlyBear said:
There is a simple huge security difference. If someone gets hold of your tap card, they can use it. If someone gets hold of your iPhone or Apple Watch, they can't use it - without your finger. Plain and simple.

I prefer leaving my wallet in my pants pocket, and either (a) use my watch - it's right there on my wrist all the time, or (b) use my iPhone which is always handy in my shirt pocket.

Having used ApplePay since day one in the US and Canada, I can state that I have never had a "fingerprint misread". None. It's a non-issue.

Pre-ApplePay I had a number of tap cards. Now I only have one, infrequently used, non-ApplePay NFC card left.

I know it is not often mentioned but one additional advantage of American Express when merged with Apple Pay and the Amex App is that your iPhone can be notified (push) for each and every charge made regardless of how the charge was made. Recurring payments, online charges, ApplePay charges, literally any charges. It is the best fraud protection bar none.
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This!
The tap and go card is a my main major concern in terms of security as GristlyBear pointed out which is why ApplePay is my most preferred pay method.
 
DARKiLLUSiON said:
This!
The tap and go card is a my main major concern in terms of security as GristlyBear pointed out which is why ApplePay is my most preferred pay method.
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Why is security your concern? I have never had a bank not refund a fraudulent transaction. And if i think through past fraudulent transactions, the banks are usually notifying me first (uh, Mr X, did you just really make this purchase?). So it's not like banks are not already on top of their security game.
 
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I think iOS 9.2 is going to come out the 17th with this  Pay for Canada, and the other improvements the last three betas brought.
 
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Vegasman said:
Why is security your concern? I have never had a bank not refund a fraudulent transaction. And if i think through past fraudulent transactions, the banks are usually notifying me first (uh, Mr X, did you just really make this purchase?). So it's not like banks are not already on top of their security game.
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Well I didn't say ..what if I accidentally drop my debit card somewhere since I don't carry wallet and at work I have only two cards in one of my pocket InteracFlash debit card and a swiping card(I work in a bar so I need that to punch in order). The other pocket is where I kept my phone, I do have a pouch but that's where I kept all the receipts and cash. I've tried putting my cards in the pouch but the constant pulling cash/receipts out didn't quite work for me because I actually drop my cards while I was unaware of it. Guess you can say I'm clumsy lol..I just rather be safe than sorry
 
DARKiLLUSiON said:
Well I didn't say ..what if I accidentally drop my debit card somewhere since I don't carry wallet and at work I have only two cards in one of my pocket InteracFlash debit card and a swiping card(I work in a bar so I need that to punch in order). The other pocket is where I kept my phone, I do have a pouch but that's where I kept all the receipts and cash. I've tried putting my cards in the pouch but the constant pulling cash/receipts out didn't quite work for me because I actually drop my cards while I was unaware of it. Guess you can say I'm clumsy lol..I just rather be safe than sorry
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Conversely, I seem to misplace my phone a LOT more often than my credit cards.
 
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Nicksd84 said:
Can someone explain why Apple Pay can't just be a solution that works anywhere where contactless nfc payments are accepted other than wanting to be in control of the process? Not being snide or a "hater", asking seriously.
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Apple wants a small cut of the interchange fee that the bank charges the merchant.

Anyway, it's good that Apple is finding a way to bring Apple Pay to Canada.
 
rdlink said:
Apple's cut is .15%. Or fifteen cents for every $100.

Most credit card companies in the States realize that they are saving far more than that in fraudulent charges by using Apple Pay.
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It isn't.


chart-global-card-fraud~126303.png
 
bdpx said:
Is it time to get an AmEx?
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Yeah if you want a card that:
- Nobody accepts because the fees are ridiculous
- If they do accept it you'll pay like 5% more for whatever you want
- No real advantage over more widely accepted + cheaper card systems
 
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