We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Apple Pay
Comments
-
You are right. The support of one's bank for Apple Pay is far less important than the support of one's credit card provider for Apple Pay. There are lots of credit card issuers still missing, most notably Barclaycard.I don't agree at all that the majority of customers won't touch a bank which doesn't support mobile payments.
In any case, using a debit card means forgoing cashback, airmiles or points, which are usually worth at least 1% of the transaction amount.0 -
Archi_Bald wrote: »I have made 2 Apple Pay purchases, both below £30, at Waitrose yesterday with my 123 credit card. There is no sign of these transactions on my CC statement. My available balance does not reflect these two purchases either.
May be it's because today is Saturday, as similar small purchases at M&S and Waitrose earlier in the week did show on the statement on the day of purchase.
The Spendlytics app does show the two purchases but it doesn't show me my available balance.
Whilst Apple Pay makes it easier to keep track of your spending, you still have to do as before - i.e. you need to keep a record of your spend, and what you have available to spend, yourself.
If you head over to Santander's Internet Banking and choose the 123 credit card and scroll to the bottom you should see this:
[/url]
Click on that and pending Apple Pay transactions are shown there.It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.0 -
If you head over to Santander's Internet Banking and choose the 123 credit card and scroll to the bottom you should see this:[/url]
Click on that and pending Apple Pay transactions are shown there.
Wow! I can't really see it in the picture (it's too small) but that deserves a top tip award. I'd never have noticed that.0 -
I do believe Apple have no transaction fee (as yet) for their Apple Pay service.
They will make their money through selling-on lists of users purchase histories to marketing companies.
If Apple work out how to create an Apple Pay app for Android before Google develop a Google Pay app, then they will win the mobile payments war.
With 8 out of every 10 mobile phones using Android, whoever is first to market with a contactless pay system will eventually clean up.
As for the fact that there are a growing number of people paying with contactless cards, this is down to more retailers now having compatible terminals.Never Knowingly Understood.
Member #1 of £1,000 challenge - £13.74/ £1000 (that's 1.374%)
3-6 month EF £0/£3600 (that's 0 days worth)0 -
With 8 out of every 10 mobile phones using Android, whoever is first to market with a contactless pay system will eventually clean up.
Are you saying Google Wallet / Android Pay will eventually clean up?0 -
I assume that this link from the FT will work. It suggests that in the US, Apple receive $0.15 per $100 but that the UK banks have demanded lower fees.
http://www.ft.com/cms/s/0/02287f44-2a3d-11e5-8613-e7aedbb7bdb7.html#axzz3oCO9rLaS0 -
You did miss out one other beneficiary of Apple Pay. Apple Switzerland. I wonder what cut they get from each transaction.I do believe Apple have no transaction fee (as yet) for their Apple Pay service.
They will make their money through selling-on lists of users purchase histories to marketing companies.
If Apple work out how to create an Apple Pay app for Android before Google develop a Google Pay app, then they will win the mobile payments war.
With 8 out of every 10 mobile phones using Android, whoever is first to market with a contactless pay system will eventually clean up.
As for the fact that there are a growing number of people paying with contactless cards, this is down to more retailers now having compatible terminals.
In the US Apple get 0.15% of each transaction, though it's lower in the UK apparently.
As someone else has said, they don't store purchase details so selling data wouldn't be possible.
Apple Pay is not just about software and an NFC chip so making an app for other platforms is unlikely.0 -
shortcrust wrote: »Wow! I can't really see it in the picture (it's too small) but that deserves a top tip award. I'd never have noticed that.
Sorry, I'd posted the image from my iPad; don't know why it's come out like that #itjustworks :rotfl:
2nd Attempt:
The link at the bottom of the page:
Leads to:
It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards