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Apple Pay on pace to account for 10% of global card transactions

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Re: Apple Pay on pace to account for 10% of global card transactions

#251

Post by ec109685 »

reaperducer wrote: post #174
ProfessorLayton wrote: post #107

Earlier quoted context omitted.

Agreed, I use Apple Pay semi-frequently, but in my experience the ergonomics taken a step back since I upgraded my iPhone. I went from pulling my phone out of my pocket with my thumb already on Touch ID > hold near reader > paid to pulling my phone out > hold near reader > phone says get face closer > double tapping the lock screen button which is kind of out of the way on my iPhone 11, and I've locked the screen ina…

pulling my phone out > hold near reader > phone says get face closer > double tapping the lock screen button which is kind of out of the way on my iPhone 11 You're doing it wrong. Pull phone out → double-click wallet button → Authenticate face → Hold next to reader → done.

Apple should really provide a tip when you have done it the wrong way multiple times. I too didn’t know that was a better sequence.

Re: Apple Pay on pace to account for 10% of global card transactions

#252

Post by jdminhbg »

K0SM0S wrote: post #239
jdminhbg wrote: post #59

Earlier quoted context omitted.

I have no idea if 5% is correct, but worth noting that 1.1% figure is total sales, not including online. The article is about total credit card transaction volume.

Given the currently staggering inequality of wealth distribution on Earth, I would wager that the average revenue of Apple customers (arguably at least half the richest, trickling down to upper classes) is more than enough to make said customers' spending several times that of the average credit card owner (also increased purchase frequency). That's what the story of Apple's market shares and image around the world s…

There are nearly one billion iPhones in use in the world today [0]. That's far from a Porsche or Vuitton level exclusive, it's more like Ford.

And since the US corporate tax rate was cut back to normal global levels, they've been repatriating the extra overseas cash [1] and mostly using it to fund buybacks and dividends.

[0]: https://www.idownloadblog.com/2019/01/30/900-million-iphones...

[1]: https://www.bloomberg.com/news/articles/2018-01-17/apple-exp...

Re: Apple Pay on pace to account for 10% of global card transactions

#254

Post by ec109685 »

bitxbit wrote: post #49

I love Apple Pay for web. It’s seamless compared to Paypal because all you have to do is touch/faceID. It is also ridiculously easy to implement as a developer. If Apple ever goes for the Paypal/Square/Stripe market, they have some very low hanging fruits to pick.

Given everyone is trying to eek every last percent from their conversation funnel, I am really surprised more sites aren’t integrated with Apple Pay for web.

In general, the checkout flow is garbage far too often.

Re: Apple Pay on pace to account for 10% of global card transactions

#255

Post by reaperducer »

ec109685 wrote: post #251
reaperducer wrote: post #174

Earlier quoted context omitted.

pulling my phone out > hold near reader > phone says get face closer > double tapping the lock screen button which is kind of out of the way on my iPhone 11 You're doing it wrong. Pull phone out → double-click wallet button → Authenticate face → Hold next to reader → done.

Apple should really provide a tip when you have done it the wrong way multiple times. I too didn’t know that was a better sequence.

As much as I miss having printed manuals, every phone has a leaflet with a link to download the manual. It's in there.

It's also online:

https://support.apple.com/en-us/HT201239#stores

Re: Apple Pay on pace to account for 10% of global card transactions

#256

Post by cavisne »

I don't believe the numbers.

Apple pay is not useful outside of the US as contactless cards are better (don't need to unlock your phone and play around with a weird UI to make a payment), and prevalent. Weirdly within the US most cards dont have them.

Within the US very few places support NFC, and super common workflows like paying at a sit down restaurant never support it (because of tipping).

I suspect the research firm's data is very incomplete, or they are calling contactless payments "Apple Pay".

Re: Apple Pay on pace to account for 10% of global card transactions

#257

Post by ckdarby »

tzs wrote: post #231
hprotagonist wrote: post #5

I unabashedly love apple pay and use it preferentially whenever I can. in the US, it's faster than chip-and-pin cards by a LOT. It rolls a new number every time I use it, so i can pay at sketchy gas stations at 2 AM and not care about skimming. More and more gas stations are upgrading their pump POS pads so i can refuel my bike without digging under my armour for my wallet. On websites, my only quibble is that it's o…

Another nice feature thing about Apple Pay (and maybe some others?) is automatic updating. Some place I could not use Apple Pay with was involved in a breach, and so my bank notified me that I was getting a new card, and to start using it as soon as it came in the mail. At about the same time as I got the email notice that this was happening, I got a notification on my iPhone that the card had been updating in Apple…

TSYS EnsureBill

Re: Apple Pay on pace to account for 10% of global card transactions

#258

Post by athenot »

reaperducer wrote: post #174
ProfessorLayton wrote: post #107

Earlier quoted context omitted.

Agreed, I use Apple Pay semi-frequently, but in my experience the ergonomics taken a step back since I upgraded my iPhone. I went from pulling my phone out of my pocket with my thumb already on Touch ID > hold near reader > paid to pulling my phone out > hold near reader > phone says get face closer > double tapping the lock screen button which is kind of out of the way on my iPhone 11, and I've locked the screen ina…

pulling my phone out > hold near reader > phone says get face closer > double tapping the lock screen button which is kind of out of the way on my iPhone 11 You're doing it wrong. Pull phone out → double-click wallet button → Authenticate face → Hold next to reader → done.

This is another use case where I prefer Touch ID, as the act of double-clicking the home button to summon Apple Pay also takes care of the auth.

Re: Apple Pay on pace to account for 10% of global card transactions

#259

Post by zip1234 »

eigenvector wrote: post #133
gregdoesit wrote: post #61

I had dinner with members of the Apple Pay team a year or two back. I asked them, “So, who are your competitors? Google Pay? PayPal?” They laughed. “No, we don’t really track them. We have one main competitor. Credit cards. We care about Apple Pay being better, easier and more convenient to use than any of your credit cards.” And then, finishing dinner, the guy paid with his Apple Watch, using Apple Pay. The waiter w…

If this occurred in the USA, I'm surprised the story doesn't end with the waiter asking this guy to take his Apple Watch off so the waiter can take it to the back where the payment terminal is located. Portable terminals that are brought to the table (so the customer can enter their PIN) still seem to be a rare occurrence in the US.

For some reason I have started seeing them a lot more lately and I am not in a tech hub. Perhaps having to upgrade to chip readers, the restaurants were able to get the portable readers as well?

Re: Apple Pay on pace to account for 10% of global card transactions

#260

Post by gruez »

zie wrote: post #122
herpderperator wrote: post #117

What frustrates me is the way everyone talks about Apple Pay as if it's the standard in mobile payments. Everyone calls contactless payments Apple Pay, which is technology other countries have had for many years built into the cards themselves via an NFC chip. Visa calls it PayWave(TM), because you just wave your credit card over the terminal to pay. I have been taking advantage of the benefits of contactless pay sin…

My understanding is Google Pay, Samsung Pay, etc allow Google and friends to track your CC purchases because of the way it's designed, where Apple Pay is designed in such a way that Apple can not tell who you are spending your money with.

>where Apple Pay is designed in such a way that Apple can not tell who you are spending your money with.

source on this? AFAIK apple doesn't share it, but they definitely have access to the data.

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