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Apple Pay Apple Pay in the UK
- Thread starter RDowson
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I’m hoping for a speedy release of 14.5. Do we know if along with unlocking your phone with Apple Watch if you can use Apple Pay on your phone and auth with the watch? I have just been using my watch but it’s awkward holding it over the hard reader and would rather use my phone ?
When Timmy opened up with Apple Card, I got a little excited. ?
When Timmy opened up with Apple Card, I got a little excited.
I won't lie, so did I.
Yep I was hoping for that as well.
My financial circumstances means it’ll be a very cold day in Hell before I ever get to consider an Apple Card but it’s a shame it’s not available to those of us outside of the USA who would like to get their hands on one.
Most of the people I know have an iPhone so I’m hoping we’ll get to see Apple Pay Cash at some point ??.
Most of the people I know have an iPhone so I’m hoping we’ll get to see Apple Pay Cash at some point ??.
The much lower interchange rates on credit cards in Europe make the Apple Card pretty unlikely.
If they could just do a blanket 0.5% that'd be great. Maybe a 1% for Apple purchases. Basically the same as the Amex cash back card.
They'd have to make a deal with Amex, then, rather than it being a Mastercard. Mastercard interchange fees are 0.3% - there's no room for 0.5% cashback.
Cobranded AmEx cards are subject to the same interchange fee cap as Visa & MC. So that wouldn’t work either.
What's the point of any credit card? I did say the same cash back rewards, not no cash back rewards.
No, I mean what’s the point for Apple to roll out a standard credit card that is unlikely to make them any money?
So you want Apple to come up with a card in partnership with a bank that offers 0.5% cash back on a card which can legally charge no more than 0.3% interchange fee?
ok…
What are you talking about? I haven’t mentioned any numbers. I just say they could do something different.
So exactly what “something different” do you think they can do? Remembering the maximum interchange fee is now 0.3%…
We seem to be assuming card companies only make money from interchange fees.
Isn’t the main source of income the interest paid?
Isn’t the main source of income the interest paid?
I honestly couldn't care less what they do, I'd get the Apple Card just for the integration with the Wallet app as my current CC providers app is trash.
No.
How Mastercard Makes Money
Mastercard's Payment Network segment brings in the most revenue. Its International Markets drive geographic growth as well as the bulk of revenues.