They probably don’t want to be on the hook when a recession hits and then be out all that money when people can’t pay
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Apple Discontinuing Apple Pay Later
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That sucks. I used it a couple of times for some larger purchases. It was nice to have and it was the only way I could have bought the items I did. All my payments were automatically sent.
People who can't afford to pay for a thing in-full upfront and don't have a CC, or just don't want to use it. This is more people than you think.
Well, notionally, part of the whole idea of these sorts of installment BNPL plans is that they’re supposed to help build credit, and that can only happen if it does get reported to the credit agencies.
Do you mean doesn’t fit with their “Dealer” like behavior. Psss… Go ahead… Try 3 Months of Apple Music you’ll like.
Hah, initially misread this headline to mean Apple was going to "later" discontinue Apple Pay -- which would be a pretty huge thing!
edit: just saw the comment above mine. Maybe this headline needs another look 🤔
edit: just saw the comment above mine. Maybe this headline needs another look 🤔
Yeah, the editor should have put quotes around “Apple Pay Later” or made it a little less succinct in the name of clarity. Alternatively, maybe MacRumors is trying to keep traffic and engagement up now that WWDC is in the rear view mirror!
Most likely. I'm honestly not against BNPL in general, but baking that feature into the OS where everybody sees that payment option on every purchase probably made it way too easy for a lot of people to make bad decisions.
Fret not.
Soon everyone will be paying for everything via a centralized digital currency.
“Cash is King” which is why it will be ripped from the hands of the people.
Currency must be controlled in order to have total control.
I liked being able to split up a larger purchase into four interest free payments. Payments were automatically made, so there was never an issue of a late or missing payment. It was just nice to not have all the money come out of your account at one time.
What’s worse someone paying $6.50 for a cup of coffee or purchasing it on installments?
I realized years ago when McDonalds started taking credits cards that it was all over, that “They” had won, and we would be drained dry.
I don't really see that connection per se. The fact that they accept credit cards is benign on its own. It is what people do with the debt they've incurred after that is the issue.
For example, we just use a points-accruing card - Apple Card on all Apple purchases because of the 3% - on all our spending that isn't tied to recurring bills: groceries, restaurants, other needs, and discretionary purchases. The key thing is we stay cognizant of our spending and zero-out our balances at the start of each month.
If you can stay disciplined, the credit card issuers are basically giving you free money just for making purchases you were going to make anyway. To me, it seems silly not to use credit cards for this reason alone. However, there are other legitimate security protection reasons to prefer a credit card to a debit card tied to a bank account with your own liquidity. For example when using debit cards it may take days after a fraudulent transaction is identified for your money to be returned to your bank account. This can vary from institution to institution but you can have confidence your real liquid cash on hand is not held hostage by a credit card fraud dispute.
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In any capacity, Apple has no business being in the financial services sector.
I know it's become a trite almost default retort, but Jobs really would be spinning in his grave.
Only happens under a soulless beancounter like Cook.
I know it's become a trite almost default retort, but Jobs really would be spinning in his grave.
Only happens under a soulless beancounter like Cook.
Earlier Apple News and Rumor Site Later Headline Highlights Need for Early Bath for Apple Pay Later
…and please let‘s end the trend of misappropriating generic words as product names? Please?
Yes, that’s Please®, the new cyber-currency trading platform! Get your free Please® app from the new ThankYou™ store. You‘re Welcome!*
*You’re Welcome is a sub-division of GlobalMegaCorpLanguageManglers Inc. All Rights Reserved. All Liberties Taken.
…and please let‘s end the trend of misappropriating generic words as product names? Please?
Yes, that’s Please®, the new cyber-currency trading platform! Get your free Please® app from the new ThankYou™ store. You‘re Welcome!*
*You’re Welcome is a sub-division of GlobalMegaCorpLanguageManglers Inc. All Rights Reserved. All Liberties Taken.
