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Apple Cash

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Re: Apple Cash

#201

Post by dwaite »

WorldMaker wrote: post #189
kalleboo wrote: post #76

Earlier quoted context omitted.

- Apple Wallet is an e-wallet that can contain many things - payment cards, store point cards, plane tickets, concert tickets, vaccine certificates, driver's license, etc. - Apple Pay is a method to pay using the payment cards in your Wallet in stores and online that is supported by many credit/debit cards - Apple Card is a MasterCard credit card - Apple Cash is an bank account with a VISA debit card. This is inline…

Interesting, this comment is the first I've learned/noticed that Apple Cash switched to the Visa network. As an Apple Cash user for some time (via the Apple Card and its Daily Cash), previously the Apple Cash card was on the Discover network and that limited its usefulness somewhat because Discover as a network is accepted by a lot fewer vendors than the top 2 of Visa/Mastercard. It's nice to know that it switched to…

I don't believe they have done transparent migration yet; new accounts are just Visa Debit. You can of course deactivate and reactivate Apple Cash, which will create a new Visa-network-backed number.

Re: Apple Cash

#202

Post by ahoka »

thomashabets2 wrote: post #145
ahoka wrote: post #103

Earlier quoted context omitted.

Swish is just another proprietary solution though along with BankID. And BankID basically requires residency in Sweden (and much more), so it's not something you can install while visiting to pay at flea markets. Their only appeal is that they are ubiquitous.

It does not require residency in Sweden. I left in 2011. I'm not in SPAR anymore, which restricts some rare things, but not BankID or Swish.

You cannot have BankID without having a personnummer, for which you need to be a resident or citizen (Swish uses BankID for identification for those who are not familiar with it).

Re: Apple Cash

#203

Post by WorldMaker »

dwaite wrote: post #201
WorldMaker wrote: post #189

Earlier quoted context omitted.

Interesting, this comment is the first I've learned/noticed that Apple Cash switched to the Visa network. As an Apple Cash user for some time (via the Apple Card and its Daily Cash), previously the Apple Cash card was on the Discover network and that limited its usefulness somewhat because Discover as a network is accepted by a lot fewer vendors than the top 2 of Visa/Mastercard. It's nice to know that it switched to…

I don't believe they have done transparent migration yet; new accounts are just Visa Debit. You can of course deactivate and reactivate Apple Cash, which will create a new Visa-network-backed number.

Anecdata of course, but like I said, my existing Apple Cash already switched transparently at some point according to the Apple Wallet app.

Re: Apple Cash

#204

Post by konschubert »

leipert wrote: post #95
nicoburns wrote: post #86

Earlier quoted context omitted.

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.

Plus it costs extra and many banks don't support it.

It's a mess.

I wish this was faster, imagine paying online by scanning a QR code with your banking app. There would be non risk of chargebacks for merchants and fees could be basically zero.

Re: Apple Cash

#205

Post by thomashabets2 »

ahoka wrote: post #202
thomashabets2 wrote: post #145

Earlier quoted context omitted.

It does not require residency in Sweden. I left in 2011. I'm not in SPAR anymore, which restricts some rare things, but not BankID or Swish.

You cannot have BankID without having a personnummer, for which you need to be a resident or citizen (Swish uses BankID for identification for those who are not familiar with it).

Yeah, in Sweden you basically don't exist if you don't have a personnummer, yeah.

I'm a citizen and have a personnummer, but because I'm not a resident I'm not in SPAR. But I need to be neither in SPAR nor a resident for BankID or Swish.

I even managed to pick up a parcel my saying my personnummer, when they couldn't scan it off of my British driving license.

Re: Apple Cash

#206

Post by [deleted] »

yowmamasita wrote: post #87
freyr wrote: post #79

Earlier quoted context omitted.

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

[deleted]

Re: Apple Cash

#207

Post by freyr »

yowmamasita wrote: post #87
freyr wrote: post #79

Earlier quoted context omitted.

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

It’s like Swish because it’s the solution backed by the banks and you can pay someone using just their phone number.

Re: Apple Cash

#208

Post by bibinou »

dutchbrit wrote: post #45
bibinou wrote: post #43

Earlier quoted context omitted.

the name is a rip-off of Square's Cash App: https://cash.app Wallet is an actual wallet where you can put cards, coupons... Pay is the whole system of APIs used to pay via NFC or online, authed by biometrics (Touch/FaceID). As a user you just add your credit card and it works better than contactless credit cards. Apple Card is an Apple credit card with cashback backed by Goldman Sachs. US-only.

I wouldn’t really call it a rip-off. Cash is such a broad word.

yeah rip-off was harsh (ESL). I see now that the Apple Pay Cash name was in place earlier. Though the brand presence and ad campaigns for (Square's) Cash App means it's a bonus anyway.

(Remember Apple once tried to trademark App)

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