In which countries will Apple Pay launch in October?
Stripe and Apple Pay
51–60 of 100 posts
Re: Stripe and Apple Pay
#52Earlier quoted context omitted.
You can't use Apple Pay directly: you have to use it with a supported payment platform. (List is at https://developer.apple.com/apple-pay/. )
So is Apple Pay in essence another way to get a credit card processed against stripe? If you have an app that customers can store credit cards on, it's not clear to me what the additional benefit of apple pay is? Is it simply a better/faster way of getting the card information to stripe by way of thumb press as opposed to key entered?
It goes from one click to one depression. it is the mobile equivalent and steps right around amazon's 'patent'
Re: Stripe and Apple Pay
#53In which countries will Apple Pay launch in October?
The USA. The other countries Apple has not been specific about.
I believe this will follow the pattern that Apple normally follows for complex regulatory-involved industries (e.g.: the cellular carriers to support the iPhone). They're probably already working on BRIC and the G8 countries, will focus on them initially and then start rolling it out to wider and wider countries (with deeper and deeper integration in those initial countries.)
I think this is going to be a multi-year process, assuming it's a success, and it will be something that future keynotes include an update on (like "I'm pleased to announce that Apple Pay is now in 80,000 retailers in 8 countries")
Re: Stripe and Apple Pay
#54No API for web?
Apple pay is a combination of hardware for authentication and security, with a unified payment interface on the backend. It makes sense as a mobile payment solution.
Using your device to authenticate web purchases is a more complicated and difficult (and potentially insecure) prospect, and thus, will take longer before it's viable.
Apple's normal mode of operation is to start with the smallest essential thing that adds value, and then extend it over time. In a way, what we saw today is Apple's idea of an MVP.
If the web isn't an area where Apple can add value, they won't do it. Or put another way, if other people do a better job on the web (e.g.: stripe) then Apple's not going to try and compete with them.
Re: Stripe and Apple Pay
#55Can we now use Stripe + Apple Pay to circumvent 30% revenue cut?
The %30 cut is for digital goods sold via Apple's stores, such as the AppStore, iTunes, iBookstore and in-app purchase. Physical goods have never had any kind of a restriction or revenue split.
Today you can go to the amazon or target app and buy physical goods using a credit card and Apple's cut of the sale is %0.
This just makes it easier and more secure for apps to take credit card payments. I think Apple may be getting a cut of the credit card fees when this happens, but that's between Apple and the card companies.
Re: Stripe and Apple Pay
#56Earlier quoted context omitted.
You can't use Apple Pay directly: you have to use it with a supported payment platform. (List is at https://developer.apple.com/apple-pay/. )
You actually can: "The alternative is to provide your own server-side solution to receive payments from your app, decrypt payment tokens and interface with the payment provider. Handling credit and debit card payments can be complicated and unless you already have the expertise and systems in place, an SDK from a payment provider is the quickest and most reliable way to support Apple Pay in your app." From: https://d…
N.B. The comment you're responding to was made by Stripe cofounder Patrick Collison (pc).
Re: Stripe and Apple Pay
#57Earlier quoted context omitted.
Then why does Apple Pay have to be "compatible" with visa/MC/Amex? I don't think it just stores a digital version of the credit card...
The card issuers need to sign off on it for the liability purposes.
Apple needs the networks and/or the banks to tokenize the CC numbers at the time the card is imported into the wallet.
When the payment is processed, that same network/bank takes the token provided, translates it back to a card number and passes the card number to the issuing bank.
I think it's actually quite a feat that Apple managed to tokenize all 800 million existing card numbers, because of this requirement.
Re: Stripe and Apple Pay
#58[deleted]
Re: Stripe and Apple Pay
#59Earlier quoted context omitted.
The card issuers need to sign off on it for the liability purposes.
Apple needs the networks and/or the banks to tokenize the CC numbers at the time the card is imported into the wallet. When the payment is processed, that same network/bank takes the token provided, translates it back to a card number and passes the card number to the issuing bank. I think it's actually quite a feat that Apple managed to tokenize all 800 million existing card numbers, because of this requirement.
And, apparently, at "card present" transaction rates, which I imagine took some degree of negotiation on Apple's part.
http://bankinnovation.net/2014/09/apple-said-to-negotiate-de...
Re: Stripe and Apple Pay
#60Obvious question - when can I store my stellar or bitcoin in my apple pay "wallet"? Or have I misunderstood?
Ok downvotes, that wasn't sarcasm, it was genuinely a recognition that Stripe's view on Stellar and the cryptocurrency ecosystem is coming closer - with Apple offering what is to all intents and purposes a iPhone controlled wallet with fingerprint security and locked down OS there is not a lot of steps to go to reach a means of storing electronic currency which has a security and convenience that is hard to imagine beating