I suppose I should set it up one of these days and give it a try.... but I just don't get what the big deal is.
I walk into a store and want to buy something. I can:
A) tap my debit/credit card against the machine (and possibly enter my PIN above a certain $ amount)
B) hold my iPhone by the machine and finger-print auth?
Maybe when it becomes more prevalent online too, it might be convenient to just use one process... but it's all coming out of the same account anyway (i.e. Credit, debit, PayPal, ApplePay, etc. would all come out of my bank account).
IF it ever gets to the point that I don't need a wallet anymore, and the phone was all I needed to carry, I suppose THAT would be a benefit. But, it seems we're a LONG way from that being a reality.
So, ApplePay fans... why should I get excited about ApplePay?
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Apple fell into its own reality distortion field.
It's worse than that. I think they fell into the Business & Tech Industry 101 Spreadsheet Club. They just have a ton of cash and massive brand momentum, so they can go really high before reality hits. The crash will be HUGE.
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If I steal your CC in Oz, I can go around making as many illegal purchases of $100 or less, each time, and there's not one level of security and I can empty your bank account before you even know about it. With Apple Pay the user has to use their finger print...
Yes, that is the one benefit of ApplePay I see so far. But, here's the problem. I have to carry a wallet and some of those cards anyway. Even if I could get all the payment and loyalty cards, membership IDs, etc in my phone, I'd still have to carry my driver's license and permanent resident card. And, then what about places that don't take ApplePay?
But, I am rather curious how you're going to steal my CC w/o me knowing.
