iPhone Update - why all the prompts to activate ApplePay
 

I just took an iPhone update and was a bit surprised by all the times it prompted me to set up ApplePay. Coming to all the well-informed people on TOTV to get your insights about why Apple wants me to use this feature?

You can find some articles on Apple nagging users dating back to 2017. According to those, Apple gets a few cents for every transaction so the more people use it the more money they make.

Many gas stations and most grocery stores accept contactless payment and are compatible with Apple Pay. I find it more convenient to use my phone than to pull out my wallet and the card.

You will see many retail stores etc, pushing their credit cards as well. It is nothing new.
It is shockingly profitable business. People, who do not pay their account every month the interest they can legally collect is shocking. Partial payments, you pay the interest not the principle. It is a legal tread mill to poverty.

Thanks!
 

I appreciate your reply. Was aware of the transaction value to card issuers. But since Apple Pay is tied to a an issued credit card, didn't realize Apple gets some of the fee too. This was very helpful.

Actually Apple Pay is tied to any credit or debt card you choose to use. Apple Pay is just the Apple secure method of making purchases. I typically have 4 or 5 CC's added to Apple Pay and use different CCs for different types of purchases.

I do use Apples CC exclusively online.

It is the most secure I have found. A recent feature they have added to Apple Pay is if you and you wife (and/or kids) use Apple iPhones, you can share a CC with them. So, rather than each having their own cards you can have one. The provides usage security, and can help with rebuilding one of their credit ratings. On the other hand, they might not like others knowing what they are buying - LOL.

Apple has become security obsessed in recent years, and when you upgrade to the "coming soon" iOS you will probably be annoyed at first because there is so much security. But, it does help with spam, identity theft, etc.

I am an Independent Apple Developer, and I have been since 1985 when I got my first Mac.

I am running the beta's of all their software an there are some really nice features coming soon.

It’s an option same with Samsung Pay, Google Pay or IPhone.
Not necessary to turn it on.

Apple Pay
 

I use Apple Pay on my watch. It’s easy and secure. I use the credit card of my choice for Apple Pay. I love it.

$$$$$$$$$$$$$$ !!!!! That's why . One of the most profitable businesses to be in banking and credit cards, especially when the feds had a few percentage points and credit cards are getting 28 to 36% which is roughly a thousand percent markup.

Money, Money, Money
 

It’s all about MONEY, Apple gets a transaction fee each time it’s used.
You can just ignore it and not set it up, like I did.
:bigbow: :bigbow: :bigbow: :bigbow: :bigbow:

Thanks to the the senator from Del for sticking up for MBNA and the rest of the pac over the last 50 years we have our insane CC rates - keep the poor -poor….

Plus one! I use Apple Pay on my watch.

Dear Fools.

Minimize your cyber foot print.
Do nothing payment related on your cell phone.
Change your credit card numbers twice per year. Very simple, just go to the branch.
Checks, yes old fashioned checks, are the most secure form of payment.
Next Cash.
Then you get into cards.
Avoid them.

It is your prerogative if you want to continue living your life as if it were 1970. As for me, haven't used paper checks for close to 15 years, and have had the same cc's with the same company for 40 years. Never had an issue or a problem - not one, not ever.

Enjoy

All transactions take their two cents worth, whether you use Apple Pay or Visa. Cash also costs you to carry. What's in your pocket is not earning interest, can get lost, and makes you a target.

Here's the big thing, Apple Pay and others like it are touchless. You don't touch cash, coin, card, pen, or the machine. I just got back from Las Vegas, most everything is touchless there.

Makes a lot of sense to me. COVID, cold, or flu, it's cleaner.

Count me in I only use paper checks when there is absolutely no other option. If we go to Publix, Stop& Shop, PriceRite or any other store pay by CC then go home and pay the charges off immediately. You have to have the discipline to payoff immediately Some months I've received $150 in cash back from use of preferred card. No longer do I have to sit and spend 90 minutes writing out checks each month like I did years ago. Let's also be realistic if you've ever used a computer or reasonable facsimile there's a footprint left behind.

I have alerts set so any charge to any CC I get an immediate text works like a charm. My only caveat a few weeks ago we paid a deposit for an upcoming vacation and the billing agency was a different name of the rental agency. I immediately canceled my credit card turns out the charge was legit but at least I was notified as soon as the charge was made. I then corrected the problem. Sometimes we've been in stores making charges and before we even walk out the door I get a text with the amount of the charge.

A tad paranoid are we? I was ok with your post until you took the "superior road" by telling people what to do......the ultimate insult.

This is true, all CCs take a piece of the action. The difference between them are the services they provide for that fee. It's not like you are getting nothing for the fee.

And as others have said, I love having my Apple Watch make payments (I just wish it would quit asking if I just fell down - LOL).

Just wondering what makes you the secure payment authority or is this just your opinion?

Apple Pay is Great
 

I cannot believe I waited so long getting Apple Pay. I pay my balance in full each month, which I do for every one of my other credit cards. I earn cashback on all of my purchases with Apple Pay. I have accumulated over $100 in cash back. I highly recommend it.

Apple Pay
 

Thanks for the idea. If I have Apple Pay and wear an iWatch, exactly how does it work to pay for an item and can you use it with any or at least most stores? Thanks!

Apple pay is not a credit card....rather it is a touchless payment system the utilizes your own credit cards. Easy to use your iPhone rather than pull out a wallet and credit card. I went to a store and when I got to check out, I discovered I forgot my wallet and money clip. But always having my iPhone on me, I asked if they took Apple Pay....and completed the transaction.

The poor kept themselves poor by using cc’s. When we were dirt poor we did not use a credit card which means no new cars, clothes, fancy phone and TV privileges, eating out, etc. Money was budgeted strictly every month with a reserve envelope for emergencies until we worked hard and long enough to get ahead. But then we didn’t smoke or do pot, no tattoos, no sports tickets, no travel and you get the idea. It doesn’t happen overnight. To this day, we have never paid one red cent to cc interest.

You realize that paper checks can be (and are) stolen with your name on them, your ID info in your wallet can be stolen and then used to cash checks. CC # can be used but proper set up and security methods take all the risk from you. You can be notified via text of every charge (or any amount over your selected level), which the text on your phone will appear usually before your leave the counter. You can freeze your credit account at the credit bureaus and social security so that no one can open a fraudulent CC in your name. With some CCs you also can get a CC # that is only for digital use and is tied to your account at the cc company. Or, if you still live like it's 1965, you can stuff all your money under your mattress, or bury it in the back yard....your choice...it is not my choice.

If you want the most safest form of transactions, you can use bitcoin or some other digital currency.....but I am guessing that is out of your comfort zone too.

There are several things here.

Online many vendors accept Apple Pay service for payment and it will be listed in the checkout, where you pick a CC, or PayPal, etc.

Contactless payment at Brick and Mortar - like gas pumps, stores etc. Where you stick in your CC many (most?) of those machines you can simply double click your iPhone and it talks to the machine and makes the payment. (If you do that, you don't have to sign in most cases, Apple Pay does not require a signature).

The watch works in conjunction with the iPhone in making payments various ways.

It all works together and pretty seamlessly. NOT everyone accepts it yet, but it is spreading rapidly.

It is very secure, using Apples Biometric security system and more. And the customer service is excellent when there is any problem.

I think, and I don't know the individual, but I think the issue is staying below the radar and not allowing anyone to know who you are or what you are buying.

I understand it, I personally don't care if someone knows who and I am what I have purchased.

Actually, checks are in of the least secure forms of payment. Credit cards are the most secure after cash.

ACH is probably the most secure method.