The New York Times thinks Pay could bankrupt you

Discussion in 'Apple, Inc and Tech Industry' started by Rogifan, Oct 19, 2014.

  1. Rogifan macrumors P6

    Rogifan

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    #1
  2. Intell macrumors P6

    Intell

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    #2
    A subscription to the New York Times could bankrupt me.
     
  3. Peace macrumors Core

    Peace

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    #3
    I bet they allow you to subscribe and use Apple Pay for it though.

    :rolleyes:
     
  4. Rogifan thread starter macrumors P6

    Rogifan

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    #4
    No doubt. :D
     
  5. kdarling macrumors demi-god

    kdarling

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    #5
    Despite the silly "bankrupt" comment at the beginning, most of the rest is valid.

    Just as the article says, one of the reasons why credit card companies like contactless payments, is that they do disconnect most people from the feeling of spending real money. And that encourages more spending.

    IIRC, they found that people tend to spend about 20% more on casual purchases with contactless methods (card or phone). That's a lot.
     
  6. satcomer macrumors 603

    satcomer

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    #6
    The NYT tech division went waydown after David Pogue left for Yahoo. They all seem to be press releases rehashes and fan boy leaning.
     
  7. Rogifan thread starter macrumors P6

    Rogifan

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    #7
    But what does this have to do with Apple? Contactless payments existed before Pay. Why does the headline say Pay and not "contactless payments"? Yes I know this is a rhetorical question. ;) If anything disconnects people from the feeling of spending real money it would be one click buying on amazon.com.
     
  8. kdarling macrumors demi-god

    kdarling

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    #8
    Clicks! :)

    --

    Also, it comes with the territory.

    E.g. How many times have we heard, "NFC payments will take off now that Apple's on board."

    Apple gets credit for all sorts of things they were not first at, but made popular. That means that they also will often get dinged for the side effects of things they were not first at, but made popular.

    So it goes. Sometimes just have to take the bad with the good.
     
  9. Jessica Lares macrumors G3

    Jessica Lares

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    #9
    They have it all wrong. In-App Purchasing is bankrupting people, but it has nothing to do with Apple, and everything to do with the people letting it happen in the first place - The people spending the money to begin with.

    With as many finance apps that are on the App Store, people shouldn't have this problem. And if you're not going to use them for your advantage, then that's just your own fault and you deserve to be penniless.

    It doesn't take a lot of effort to organize your spending, especially if you keep up with it on a daily basis.
     
  10. Solomani macrumors 68030

    Solomani

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    #10
    The New York Times, with its garbage journalism, is more likely to go bankrupt before anyone using Apple Pay.
     
  11. roadbloc macrumors G3

    roadbloc

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    #11
    I kinda see the theory, but cards are only 4 digits less convenient. So no, I highly doubt ApplePay will bankrupt people unless they're really lacking in willpower.
     
  12. 12vElectronics macrumors 68040

    12vElectronics

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    California
    #12
    People do spend more when the form of payment is easier. People tend to spend more when using card than cash because with cash you can literally feel you losing money. How many of us buy extra stuff from Amazon because it's literally 1 click. I know I'm guilty of that.
     

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