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Apple Cash

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Re: Apple Cash

#51

Post by Gigachad »

warning26 wrote: post #30
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.

Yup, pretty much. I can't imagine how Apple concluded that "It's exactly like Venmo in every way, but it only works for people with iPhones!" would make a particularly compelling value proposition.

The compelling value proposition is users trust Apple a shitload more than random startups and have enough apple user friends to make it work.

The sad part is that these apps are needed at all. In Australia the government just regulated that all banks must support free and instant money transfers and that email addresses and phone numbers be supported as addresses to send to.

So if your friend wants to send you money, you type their email on any bank app and it pops up with their legal name confirming you have the right person. The money shows up instantly.

Re: Apple Cash

#52

Post by shrimpx »

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?

It seems to be Apple's vehicle for making p2p payments, particularly through messages.

It's also a virtual debit card, so you can spend or transfer the money, but it seems the its raison d'être is p2p payments.

Re: Apple Cash

#53

Post by shrimpx »

warning26 wrote: post #30
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.

Yup, pretty much. I can't imagine how Apple concluded that "It's exactly like Venmo in every way, but it only works for people with iPhones!" would make a particularly compelling value proposition.

For what it's worth, other big companies are building their own verticals, like Messenger Payments and Google Pay.

Re: Apple Cash

#54

Post by divbzero »

phinnaeus wrote: post #15

This is a rebranding of Apple Pay Cash, which launched in 2014. Not sure if there's much in the ways of new features.

Yes, Apple has had this for awhile, but apparently there was an underlying change in April when the service shifted from Discover to Visa [1].

[1]: https://en.wikipedia.org/wiki/Apple_Pay#Apple_Cash

Re: Apple Cash

#55

Post by reducesuffering »

cromka wrote: post #39
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? 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…

Zelle and Square's Cash App were not too late. They are both very popular in the US and by all accounts Venmo is the one trending downward in usage. The near future looks like Cash App in first and seconded by Zelle. You're just in a certain segment of the US where Venmo still has first place.

Here's some data from Google: https://trends.google.com/trends/explore?date=today%205-y&ge...

Re: Apple Cash

#56

Post by cromka »

reducesuffering wrote: post #55
cromka wrote: post #39

Earlier 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…

Zelle and Square's Cash App were not too late. They are both very popular in the US and by all accounts Venmo is the one trending downward in usage. The near future looks like Cash App in first and seconded by Zelle. You're just in a certain segment of the US where Venmo still has first place. Here's some data from Google: https://trends.google.com/trends/explore?date=today%205-y&ge...

Yes, absolutely aware of Zelle's growing popularity. I also tend to hear "Cash App" a lot more than in the past where "Venmo" was the only thing mentioned.

Still leaves Google', Apple's or Facebook's solutions in the dust.

Re: Apple Cash

#57

Post by buro9 »

oezi wrote: post #46
buro9 wrote: post #38

Earlier quoted context omitted.

Google Pay ( https://play.google.com/store/apps/details?id=com.google.and... ) can store my Tate and National Trust membership cards, my EU COVID passport (proof of vaccination and booster), as well as boarding passes. And it's smart enough to expire out cards from the pass as expired memberships or flights that have flown. Anything that can be represented in a barcode or QR code can be stored in it. Which of course…

When I search for Wallet in the Play Store I don't even find a "Google Wallet" app nor do I find it on my Android phone. My experience with managing boarding passes in Android is absolutely abysmal because Android does not support pkpass (the format Apple uses).

Pkpass appears to be an Apple defined spec that isn't owned by a neutral party like a standards organisation. Yes they've published the definition ( https://developer.apple.com/library/archive/documentation/Us... ) but why would other companies embrace a definition and then entrench that when Apple could change it at any time or lock them out of future revisions?

If an airliner is only making boarding passes available in pkpass, then ask your airliner to support more than just Apple devices. The one I flew with at the weekend "just worked".

I didn't know about this stuff before your comment as I've not yet encountered a pkpass formatted digital file. But I do see that there are conversion apps available if I did give across them. I'm just not surprised Google wouldn't adopt a non standard format.

Re: Apple Cash

#58

Post by chillax »

oezi wrote: post #46
buro9 wrote: post #38

Earlier quoted context omitted.

Google Pay ( https://play.google.com/store/apps/details?id=com.google.and... ) can store my Tate and National Trust membership cards, my EU COVID passport (proof of vaccination and booster), as well as boarding passes. And it's smart enough to expire out cards from the pass as expired memberships or flights that have flown. Anything that can be represented in a barcode or QR code can be stored in it. Which of course…

When I search for Wallet in the Play Store I don't even find a "Google Wallet" app nor do I find it on my Android phone. My experience with managing boarding passes in Android is absolutely abysmal because Android does not support pkpass (the format Apple uses).

Coming Soon.. https://wallet.google/

I think it was announced at Google IO a week or two ago.

Re: Apple Cash

#59

Post by pretext-1 »

drclau wrote: post #50
konschubert wrote: post #35

Earlier quoted context omitted.

People use paypal for this in Europe EDIT: Ok, maybe just in Germany. And just to be clear: Paypal is an adverse company that tries to trick its users on every page.

I don't know anyone using Paypal for this scenario. However, people do use Wise and Revolut.

In my country (in EU) everyone uses it. Friends, colleagues, family, everyone. That part is great. But the app sucks. I wish PayPal would fix their app. Animations are buggy, it's slow (not really slow but slow enough to show a loading spinner every time) and navigating through the app is hard.

Re: Apple Cash

#60

Post by pdimitar »

What are the tax implications of this, if any? I know people in extended families regularly sending money between themselves. Can they expect the IRS knocking on the door and blaming them for hiding income?

I am worried about them now. They will find this super convenient and will use it from day one. Hope this service is private.

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