USA exclusive
Apple Cash
81–90 of 208 posts
Re: Apple Cash
#82Earlier quoted context omitted.
> 1. Apple Cash is apparently not cash, nor a wallet, but a card that is stored inside wallet. 2.There is already Apple Wallet, Apple Pay, Apple Card. Nobody in technology, at least in the USA, seems to be able to make the marketing for their "payment things" understandable. On the Google side, there is (or was) Google Wallet (OG), Android Pay, Google Pay, gPay, now Google Wallet (new). I don't know which one I shoul…
> How has this industry so royally fucked up something that should be pretty straightforward? Because... money? Venmo built up the biggest user base and was subsequently bought out by PayPal for big bucks. Zelle was a major initiative by the banks themselves, but too late, I suppose, to sway the habits of the consumers themselves. There was also SquareCash, but they were also too late into the game, particularly beca…
Because this should have been part of the basic banking infrastructure (like it's done everywhere else), not something done by one company tying all the knots around
Re: Apple Cash
#83Earlier quoted context omitted.
Agreed. It's like the Apple TV moniker, which refers to hardware, software, and a subscription service.
Other people may blur the boundaries, but Apple distinguishes them. Hardware: Apple TV. Software: tvOS. Subscription service: Apple TV+.
Apple TV, Apple TV+, Apple TV app, Apple TV HD, Apple TV 4K. Those are all terms meaning different things on a single page from the Apple website.
Re: Apple Cash
#84I’m not sure I understand what’s new.
Apple has had Cash for a long time (the Apple Card uses it for card rewards).
Re: Apple Cash
#85Earlier quoted context omitted.
> How has this industry so royally fucked up something that should be pretty straightforward? Because... money? Venmo built up the biggest user base and was subsequently bought out by PayPal for big bucks. Zelle was a major initiative by the banks themselves, but too late, I suppose, to sway the habits of the consumers themselves. There was also SquareCash, but they were also too late into the game, particularly beca…
I usually pay people online with Paypal. Isn't that p2p given that you send money using only their email address? What do Venmo/Zelle give over that?
PayPal have an unfortunate history of seizing people's balances. So it's fine for small amounts, but you shouldn't trust it for large amounts if you can help it.
Re: Apple Cash
#86Earlier quoted context omitted.
I live in Northern Europe and I've never heard of anyone using Paypal for anything other than paying for things online. Each country has their own specific service that the majority uses (MobilePay, Siirto, Swish, etc).
It is pretty common in Germany (at least in my bubble) to transfer money via paypal to one another.
Does Germany not have fast bank transfers? In the UK, people used to use PayPal for this until the Faster Payments system came in, which meant that you can instantly transfer money to anyone with a UK bank account via your normal banking app.
I think it technically takes 24-48 hours to clear, but that doesn't tend to be an issue in practice. You'll get the push notification telling you the money has arrived and your balance will update in seconds.
Re: Apple Cash
#87Earlier quoted context omitted.
In Sweden there is a single cross-platform payment app since >10 yrs called Swish which all the banks are connected to, and you transfer money by entering the recipients mobile phone number and the amount. No fees and the transfer is instant. I guess it's luck that some countries happened to get the banks to agree to something like this at the particular time when the technology needed to support it just had matured…
We have something like that in the US and it’s called Zelle. I’ve used it to transfer money to family, but friends sometimes use Venmo, Cash App, or others. I don’t think it ever gained critical mass.
Then it’s not like that. Swish is literally the best and only option and it is better than people exchanging cash.
In Singapore there’s also PayNow/PayLah
Re: Apple Cash
#88I find it odd things like this, Venmo, Square cash even need to exist. There’s a reason none of them get used much (or even exist) outside the US. Just fix banking in the US and they problems they solve disappear. In the UK (and the EU I believe too) bank transfers and instant and free. Digital banks like Monzo make it even easier (through contact syncing, better UI). Third party apps need not get involved.
Re: Apple Cash
#89Launched 2019. Still no sign of it in the UK
Re: Apple Cash
#90I find it odd things like this, Venmo, Square cash even need to exist. There’s a reason none of them get used much (or even exist) outside the US. Just fix banking in the US and they problems they solve disappear. In the UK (and the EU I believe too) bank transfers and instant and free. Digital banks like Monzo make it even easier (through contact syncing, better UI). Third party apps need not get involved.
It is true that bank transfers are fast, instant most of the time these days. However, when people want to quickly send me money, they still usually ask for paypal, simply because it’s easier to tell someone a nickname or email address than my IBAN. not that this is an unsolvable issue, just sharing my experience from Germany.