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Apple Cash

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Re: Apple Cash

#91

Post by andrewaylett »

pkulak wrote: post #44
callmeed wrote: post #11

Earlier quoted context omitted.

Have you not tried Greenlight? My 3 kids have had greenlight cards since they were 12. The mobile app UX isn’t great but it checks all the boxes on features. Few products have made our personal lives so much easier. Not having to ever get/give cash for them is amazing.

Yeah, that was one of the first. But my kids couldn’t send me money, which sucks cus it’s my CC in Steam/Nintendo/etc, and I don’t want to have to add 2 more everywhere.

We have our children pay us using a card payment terminal. Ours is from SumUp, I know plenty of other brands do them too. I'm happy to eat the transaction costs for the ease of use.

A terminal should work with any product that functions as a debit card, pre-pay or not. As it happens, my children do have actual current accounts behind the cards they use. But it seems like UK banking is becoming less willing to issue full-spec debit cards to younger teens :(.

Re: Apple Cash

#93

Post by [deleted] »

kekub wrote: post #42
_rutinerad wrote: post #37

Earlier 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.

[deleted]

Re: Apple Cash

#95

Post by leipert »

nicoburns wrote: post #86
kekub wrote: post #42

Earlier quoted context omitted.

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…

You have fast transfers in Germany, but it is new, an extra box to tick, normal online banking is horrible UX and you have to know the IBAN of the account. Giving someone my email is way easier.

Re: Apple Cash

#96

Post by andrewaylett »

user_named wrote: post #14

A bit of a product marketing snafu by Apple if I may say. 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. It looks to me that they're all the same. Why can't I Pay with the Cash in my Wallet. Or can I?

I'm assuming that under the hood it's a pre-pay debit card. An easy choice when they already have all the infrastructure for making payments using debit cards in their products.

Re: Apple Cash

#97

Post by basisword »

x3ro wrote: post #90
basisword wrote: post #88

I 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.

Interesting. In the UK we just need to share account number and sort code. These are quite easy to remember in your head. IBAN would complicate things. Is IBAN always required or only for cross-border transfers?

Re: Apple Cash

#98

Post by kenan_ »

x3ro wrote: post #90
basisword wrote: post #88

I 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.

In the Netherlands a similar app is popular called https://www.tikkie.me. Commercial banks have also implemented their own solutions for generating payment links though. See https://www.ing.nl/particulier/digitaal-bankieren/mobiel-ban....

Payment links are easier and quicker to use than manually entering details in your banking app.

Re: Apple Cash

#99

Post by jlmb »

x3ro wrote: post #90
basisword wrote: post #88

I 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.

In Estonia, you can link a phone number to your IBAN. When making payments, the sender just needs a phone number, and the corresponding IBAN is automatically looked up. (The lookup service is managed by the central bank, and used by all (major) banks.)

Re: Apple Cash

#100

Post by derhuerst »

x3ro wrote: post #90
basisword wrote: post #88

I 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.

Among many reasons why exchanging an IBAN and submitting a SEPA transfer in the EU is so cumbersome is that there were at least two standards to encode those details in a QR code.

It seems that, by now, except Czech Republic & Slovakia [1], the EPC QR code [2] has won.

[1] https://en.wikipedia.org/wiki/Short_Payment_Descriptor [2] https://en.wikipedia.org/wiki/EPC_QR_code

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