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Apple Cash

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Re: Apple Cash

#161

Post by samatman »

giancarlostoro wrote: post #158
braingenious wrote: post #13

To be clear, this is in practice basically a competitor for Venmo/Cash App/Paypal, but built into your iphone? I only did a cursory glance at it but is there an Android app planned for this? In my experience, people want to send money to one another across different mobile OSes.

This will likely be like Facetime. I don't think Apple typically cares about this use case, just like nobody is going to use an Apple Card on an iPhone. This is targetted towards iPhone households (which seem to be rather common, as anecdotal as it may sound, I can count a dozen households where nobody has Android, and this meets their need). I would use Zelle for cross device transfer or any of the other apps, it's…

> just like nobody is going to use an Apple Card on an iPhone

Is this sentence what you actually meant to say? It makes sense if the last noun is "Android".

Re: Apple Cash

#162

Post by propter_hoc »

voisin wrote: post #148
johnwalkr wrote: post #113

Earlier quoted context omitted.

In Canada you’ve been able to send money to people for 15 years just by knowing their email address. You also set a security question. I also had a debit card I could use in most stores almost 30 years ago. I was shocked as a young adult when I could travel in the US and use my debit card to get money at almost any atm, yet Americans had to sometimes seek out the correct ATM, even in their country. I was shocked agai…

The flip side in Canada is our wire system for large transfers. We rolled our own technology and it is a complete failure. I do wire transfers many times per year and I would say 1/3 of them end in “lost” payments that require multiple phone calls and a number of days for the investigations group to track down. And this is through no error on the sender or recipient side (as explained by the investigations teams). Th…

This is a really surprising comment to me. I also do many wire transfers and EFTs (used to run an investment company, so on the order of 200 incoming/outgoing EFTs and 4-5 wires per month) and have no idea what you are talking about. The only times I've had issues is either (1) when the banking information was entered incorrectly, either by a client or by my staff; (2) if it's a weird kind of trust account that doesn't accept direct wires and needs to go through an intermediary account, which is really rare.

I would really like to know what activity you are doing that is causing you so many payment processing issues.

Unless you are talking about LVTS which AFAIK is only used for inter-bank transfers? I have no experience with that system.

Re: Apple Cash

#163

Post by i80and »

kdot wrote: post #140
x3ro wrote: post #90

Earlier quoted context omitted.

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.

If US we use Zelle, it's a for profit company owned by the large US banks. If your bank supports Zelle, you can send money instantly.

I've only ever used one bank that supports Zelle (and I'm departing that bank), and I've never once heard of anybody using it.

Yes the US does have Zelle technically, but it's not really a solution at least in the foreseeable future.

Re: Apple Cash

#164

Post by alex_young »

plg wrote: post #155

I find it hilarious that at this Apple Canada help page: https://support.apple.com/en-ca/HT207886 it says among other requirements for Apple Cash: What you need - Be at least 18 years old and live in the United States.

That’s the Canadian English version of a help page. The British English version says the same thing. It just means this product has launched in the US and has localized help content.

https://support.apple.com/en-gb/HT207886

Re: Apple Cash

#165

Post by bombcar »

samcrawford wrote: post #114
x3ro wrote: post #90

Earlier quoted context omitted.

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.

My experience with Paypal is the opposite. On multiple occasions I've had someone send me money on Paypal, but then it gets held up in checks and verification for 2-4 weeks, during which time I cannot access it. Sometimes it is instant though. There seems to be no pattern to it. This lack of certainty discourages me from using Paypal to receive payments in the future as I now consider it as a risky, slow, last-resort…

If the PayPal transfer was funded by a credit card they’ll often put a “hold” on it until it finally clears.

Re: Apple Cash

#166

Post by giancarlostoro »

samatman wrote: post #161
giancarlostoro wrote: post #158

Earlier quoted context omitted.

This will likely be like Facetime. I don't think Apple typically cares about this use case, just like nobody is going to use an Apple Card on an iPhone. This is targetted towards iPhone households (which seem to be rather common, as anecdotal as it may sound, I can count a dozen households where nobody has Android, and this meets their need). I would use Zelle for cross device transfer or any of the other apps, it's…

> just like nobody is going to use an Apple Card on an iPhone Is this sentence what you actually meant to say? It makes sense if the last noun is "Android".

Oops! You are correct, I meant to say Android.

Re: Apple Cash

#167

Post by bombcar »

cassianoleal wrote: post #67
MichaelBurge wrote: post #47

Earlier quoted context omitted.

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?

To pay with PayPal, cash moves: Your Bank Account -> Your PayPal Account -> Their PayPal Account -> Their Bank Account. That's how a client-server model works, definitely not p2p. I have no clue how Venmo or Zelle work though, so I don't have an answer to your latter question.

Zelle is bank2bank in theory though the one time I used it the payment got stuck in some sort of limbo for awhile, not sure why.

Next time I’ll just use the bill pay and make the bank eat the cost of a stamp.

Re: Apple Cash

#168

Post by sparkywolf »

Why is this on the front page..? Apple Cash has been around for years. It doesn't even look like they've added anything new unless I'm missing something?

Re: Apple Cash

#169

Post by bombcar »

ChrisRR wrote: post #74
ryandrake wrote: post #20

Earlier 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? If you ever have to ask this in America, the answer is almost always corporations and lobbying.

The companies are all doing a land grab because they think if they can get the whole pie it’ll be worth quite a bit.

Which makes it all a major cluster f. Same thing happened to messaging.

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