Apple Pay 'Making Up a Lot of Ground' With Competitors Thanks to Success of Apple Pay Cash

[macduke]

I use Apple Pay for somewhere between a quarter and a third of my brick and mortar transactions. I wish more stores supported it in my area. Most do on campus, but not as many around town. I'm seeing it more online as well, and it always makes me more inclined to make a purchase from a website that I haven't used before since I know my payment information isn't able to be stored by them and hacked later. I just used it on Bethesda's site last night to buy some Fallout merch and it filled in all my shipping info and boom, done. Took seconds. I also use Apple Pay Cash to send money frequently. It's just so fast and convenient, and if you use a debit card there is no fee.

I'm hoping that we're reaching a tipping point and a lot more online and brick and mortar stores will begin accepting it. It's ridiculous that it's almost 2019 and most stores don't.

 

[kasei]

Apple Pay Cash = Happy Babysitter!

 

[Arlo Timetraveler]

I am asumming that it is not to buy Maruchan Ramen but to go to a ramen bar to get the good stuff.

 

[DeanL]

I think Apple will avoid Canada because Apple Pay Cash cannot compete with Interac.
Interac now has a feature called auto-deposit where when someone sends money to your registered email or phone number, it deposits directly in your account without any action required. RBC has even integrated the feature to iMessage...
There are absolutely no advantages to Apple Pay Cash for Canadians.

 

[VARTV]

Wow! Look at Walmart Pay. Think they'll accept Apple Pay anytime soon???

 

[Vjosullivan]

...it's easier to quick tap our watch or phone to pay when compared to taking out the wallet, removing a credit card and inserting it into a chip-reader...

A "First World" problem if ever there was one!

 

[Rychiar]

people actually use Walmart pay?

 

[ELman]

Wow! Look at Walmart Pay. Think they'll accept Apple Pay anytime soon???

I doubt it. The reason they have Walmart pay is to avoid paying credit card/Apple Pay fees.

 

[ghostface147]

Shows how much people actually use Walmart Pay. Right up there behind Apple Pay, so it's currently in the interest of Walmart to keep people locked into their garden.

 

[acorntoy]

Pretty sure the $20 is for pot

Crappy pot.

 

[Frantisekj]

Although it still struggles to surpass rival mobile wallets, analyst Gene Munster argues that Apple's real advantage lies in the fact that it's the only digital wallet with payment options for mobile apps, desktop, peer-to-peer, and in stores.

I would say that biggest Apple advantage is anonymizing of transaction.

 

[the johnmc]

Contactless Apple Pay in stores is fun, but once we (the customer) are paying online, we (the customer) could care less whether it's Apple Pay or PayPal. PayPal works fine, has been around forever, is ubiquitous and platform and device agnostic. Almost every website shopping cart uses it as a payment option now. I can't see Apple Pay ever unsurping PayPal (or PayPal users bothering to switch).

ApplePay is an answer to Apple's problem, not the customer's.

Except that I trust Apple with my information far more than I do PayPal. Disputes can also be a headache with PayPal.

 

[Mike MA]

That's not up to Apple. They need to get cooperation of banking system, which has many legacy institutions that resist sharing the tiny amount Apple gets (around 15 cents on a hundred dollar purchase), and they often also fear losing that customer control/data.

There are always two sides of the medal. In this case Apple's fees which hurt the banks, the amount multiplies tremendously year over year across all customer payments.

 

[anson42]

+1 ApplePay Cash was indeed the missing piece. I now only use Venmo to pay/request Android folks, no longer with iPhone owners. The ease of use is tremendous, as are the benefits of ApplePay in general. I'd remove Venmo from my phone if it wasn't for those pesky non-iPhone people I happen to know

 

[Ethere]

My whole issue with Apple Pay Cash is that it's still not an instant transaction out of the sender's bank into the recipient's bank. It takes a while to get there, unlike Google Pay or Zelle which is instant, without a fee.

 

[McTool]

Apparently  Pay is coming to Belgium tomorrow. Which is weird ‘cause it’s a holiday.

 

[dannytip]

Do US banks not have contactless cards? Most retailers in the UK had contactless already when apple pay came along so it wasn't really anything new.

 

[CTHarrryH]

I use Apple Pay whenever I can. However, I find even in places it is supposed to work sometimes it doesn't. Grocery store, for instance, i try the clerk tells me that it doesn't work on lines 4,7 and 8. Apparently, manager doesn't think it is worth fixing if everything else works -tells me volume isn't enough and people carry the card around also. I also think it is sometimes confusing as to where at the terminal I should place the phone

 

[the johnmc]

There are always two sides of the medal. In this case Apple's fees which hurt the banks, the amount multiplies tremendously year over year across all customer payments.

Apple's fees don't hurt the banks, but it does remove some of their leverage/lock in.
[doublepost=1541005291][/doublepost]

Do US banks not have contactless cards? Most retailers in the UK had contactless already when apple pay came along so it wasn't really anything new.

Some do. It was starting to gain traction, but there are many who fear change and swallowed the fear mongering around contactless, somehow believing that a contactless card meant that the "bad guys" would siphon money off all the contactless cards by walking past them with a high tech crime suitcase. You are, after all, talking about a country that still has $1 bills.

 

[BuffaloTF]

Can we just kill Paypal with fire? Fire, of course, being any of the other options?

20$ for ramen ? Marketing at Apple just lose touch with reality

Sounds about right for a proper bowl at a Japanese place...

Unless your reality only contains Maruchan Instant Ramen.

 

[whiteonline]

Apple Pay is difficult to use even when supported. I have also been told at a major grocery store that only specific registers were working with it. Another store had "internet problems". It's more convenient to carry and use credit cards instead of asking about Apple Pay support before being able to use it. Though a friend of mine with Samsung Pay has much more luck than I.

I know it is still relatively early days in mobile payments, but I see these as the major issues:
- Retailers don't treat it as a first-class payment system
- Tied to specific hardware
Until at least these are resolved, Mobile Payments, and specifically Apple Pay will be a niche feature.

 

[BuffaloTF]

people actually use Walmart pay?

They force you to use it now. A bait and switch, really. They had this savings catcher program... scan your receipts, if anything goes on sale, or a competitor has a lower price after X number of days, you get the savings and it tallies up. You used to be able to request a gift card with that balance. Then they switched it and it only became a Walmart Pay variant of the gift card. And now, in order to do it at all, you need to pay with Walmart Pay.

 

[gaximus]

20$ for ramen ? Marketing at Apple just lose touch with reality

Would you really send your kid only $0.50 when they are hungry asking for food?

 

[pweicks]

#entitled

 

[AppleTO]

I've been trying to use Apple Pay ever since the day it became available in Canada, but every time I end up just going back to using the physical cards. We've had contactless 'tap' cards here for a while... and it's just quicker.

Also... that picture... do text bubbles turn black after sending Apple Pay cash?