"Apple Pay" | Bitcointalksearch.org

pattu1

hero member

Activity: 675

Merit: 500

Quote from: MelodyRowell on November 04, 2014, 11:24:25 PM

There is an argument that apple pay will actually have lower costs as it will hopefully have a lower fraud rate and a smaller number of instances of credit card numbers getting stolen from merchants in similar ways that credit card numbers were stolen from merchants like Target and Home Depot

That could be an argument, yes. Hopefully, Apple's fees don't offset the savings in lower fraud charges.
http://www.bloomberg.com/news/2014-09-10/apple-said-to-reap-fees-from-banks-in-new-payment-system.html

MelodyRowell

sr. member

Activity: 394

Merit: 250

Quote from: pattu1 on November 02, 2014, 08:47:19 PM

Quote from: FattyMcButterpants on November 01, 2014, 11:43:06 PM

Quote from: Fabrizio89 on October 30, 2014, 09:40:42 AM

Well at least they understood where the payment world is going, it's an attempt, even if a bad one. Maybe it's too soon to say if their system will work out to be at least decent, but I'm fairly confident it will smoothen the transaction for the general public towards Bitcoin.

I wouldn't say that apple pay is necessarily a bad attempt. I would say that it would have all the same costs associated with making credit card payments, however it does not have any disadvantage that using a credit card does not already have.

I would say it is a long term good thing for bitcoin because it will get people to be comfortable spending money with their phone which will get people comfortable using bitcoin with their phone.

I think it will have additional costs compared to credit cards. Apple will demand its cut too. Finally all these costs will be passed on to consumers.

There is an argument that apple pay will actually have lower costs as it will hopefully have a lower fraud rate and a smaller number of instances of credit card numbers getting stolen from merchants in similar ways that credit card numbers were stolen from merchants like Target and Home Depot

pattu1

hero member

Activity: 675

Merit: 500

Quote from: FattyMcButterpants on November 01, 2014, 11:43:06 PM

Quote from: Fabrizio89 on October 30, 2014, 09:40:42 AM

Well at least they understood where the payment world is going, it's an attempt, even if a bad one. Maybe it's too soon to say if their system will work out to be at least decent, but I'm fairly confident it will smoothen the transaction for the general public towards Bitcoin.

I wouldn't say that apple pay is necessarily a bad attempt. I would say that it would have all the same costs associated with making credit card payments, however it does not have any disadvantage that using a credit card does not already have.

I would say it is a long term good thing for bitcoin because it will get people to be comfortable spending money with their phone which will get people comfortable using bitcoin with their phone.

I think it will have additional costs compared to credit cards. Apple will demand its cut too. Finally all these costs will be passed on to consumers.

FattyMcButterpants

sr. member

Activity: 448

Merit: 250

Quote from: Fabrizio89 on October 30, 2014, 09:40:42 AM

Well at least they understood where the payment world is going, it's an attempt, even if a bad one. Maybe it's too soon to say if their system will work out to be at least decent, but I'm fairly confident it will smoothen the transaction for the general public towards Bitcoin.

I wouldn't say that apple pay is necessarily a bad attempt. I would say that it would have all the same costs associated with making credit card payments, however it does not have any disadvantage that using a credit card does not already have.

I would say it is a long term good thing for bitcoin because it will get people to be comfortable spending money with their phone which will get people comfortable using bitcoin with their phone.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Apple Pay - The one thing nobody else wants to imitate.

Bit N Roll

member

Activity: 67

Merit: 10

Quote from: Crusiuxo on October 31, 2014, 03:28:41 PM

I have a feeling this will be a great success in the US Grin

Yeah, in the US, that makes it a weak competitor of bitcoin.

Crusiuxo

newbie

Activity: 3

Merit: 0

I have a feeling this will be a great success in the US Grin

BIT-Sharon

sr. member

Activity: 266

Merit: 250

Paypal has announced that their merchant is going to accept Bitcoin as payment and bring the encryption currency to 8 million potential merchant around the world. Now Litecoin may share this treatment through passing piggybacking Bitcoin.

ScryptAsic

hero member

Activity: 647

Merit: 501

GainerCoin.com 🔥 Masternode coin 🔥

Quote from: abrahamlitcoin on October 30, 2014, 10:16:54 AM

Anyone here used that app already?

There are a couple of banks that are offering promotions for people to use their credit/debit card with apple pay. I think apple pay will be a boom for banks because it will get customers to use their specific card if their card is linked to their smartphone

abrahamlitcoin

member

Activity: 81

Merit: 10

♔ of ♥

Anyone here used that app already?

Fabrizio89

hero member

Activity: 924

Merit: 1000

Well at least they understood where the payment world is going, it's an attempt, even if a bad one. Maybe it's too soon to say if their system will work out to be at least decent, but I'm fairly confident it will smoothen the transaction for the general public towards Bitcoin.

Zeta0S

legendary

Activity: 1890

Merit: 1031

Mccoy818

newbie

Activity: 42

Merit: 0

Quote from: cbeast on October 29, 2014, 09:08:55 PM

Quote from: fredthegambler on October 29, 2014, 08:53:15 PM

Quote from: cbeast on October 28, 2014, 01:31:36 AM

How do I get Apple Pay to work on my Samsung Galaxy?

Its easy man. You just have to go to the pawnshop, pawn your galaxy and buy the iPhone!

I don't think I could own an iPhone without giving in to the urge to smash it to pieces.

Or bend it like Beckham does. LOL

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: fredthegambler on October 29, 2014, 08:53:15 PM

Quote from: cbeast on October 28, 2014, 01:31:36 AM

How do I get Apple Pay to work on my Samsung Galaxy?

Its easy man. You just have to go to the pawnshop, pawn your galaxy and buy the iPhone!

I don't think I could own an iPhone without giving in to the urge to smash it to pieces.

fredthegambler

member

Activity: 66

Merit: 10

Quote from: cbeast on October 28, 2014, 01:31:36 AM

How do I get Apple Pay to work on my Samsung Galaxy?

Its easy man. You just have to go to the pawnshop, pawn your galaxy and buy the iPhone!

MilesJohan

sr. member

Activity: 378

Merit: 250

Quote from: bernard75 on October 25, 2014, 05:24:09 PM

Quote from: calchuchesta on October 25, 2014, 08:12:22 AM

The technology has been there for a while. I've been using it with my Mastercard for years. Most of the stores supported at launch have even had it for years. Sure, apple adopting NFC payments will help the tech, but it's success isn't their victory alone. If anything they are somewhat late to the mobile payments party.

NFC has been around for years and failed, i doubt AP is going to change anything.

I would say that apple could change it. They were able to revolutionize the way that people buy music (instead of buying songs CD's at a time, people can now buy songs one at a time thanks to iTunes), and I don't see any reason why they cannot get apple pay to be successful.

I think if apple pay is successful it will be good for bitcoin over the long term as it will get people comfortable paying for things with their phones

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: cbeast on October 28, 2014, 01:31:36 AM

How do I get Apple Pay to work on my Samsung Galaxy?

Thanks for that good laugh.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

How do I get Apple Pay to work on my Samsung Galaxy?

kolloh

legendary

Activity: 1736

Merit: 1023

Quote from: bernard75 on October 25, 2014, 05:24:09 PM

Quote from: calchuchesta on October 25, 2014, 08:12:22 AM

The technology has been there for a while. I've been using it with my Mastercard for years. Most of the stores supported at launch have even had it for years. Sure, apple adopting NFC payments will help the tech, but it's success isn't their victory alone. If anything they are somewhat late to the mobile payments party.

NFC has been around for years and failed, i doubt AP is going to change anything.

They probably have more of a push to get merchant adoption up. We will have to see how it plays out in long run though.

ivanovasmd

newbie

Activity: 43

Merit: 0

Apple designs products for morons to easily use them. (Source: apple user.) for example they don't use words like "audio" or "video" - nope, it's all "music" and "movies." oh and you don't "export" files anymore, you "share" them.

When bitcoin reaches moron-ease of use, maybe apple will adopt.

Topic: "Apple Pay" (Read 7755 times)