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Apple Discontinuing Apple Pay Later
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In the USA, you can live a life without cash if you have a bank account there. Most businesses of USA accept card payments.
In Canada, card payments, Apple Pay, and contactless payments are accepted by most businesses.
I also do not use cash. I always carry my bank cards with me because there is a chance that my mobile phone would not work anytime if I was to use Apple Pay in some stores. My banks said that I should have my bank cards with me all the time because there is a chance that your mobile phone would not work.
That is, if they don’t just have a phone or a Square terminal or something like that.
Which "additional fees" do you mean? My non branded credit card is included in my bank account (even if I don't want it, I don't receive a cost reduction) and no fees for using it.
A person should quit if they are being sent on a business trip and the only option is McDonald’s.
Eh, if you’re a salesperson or a service person for a farm equipment company, you might be lucky to even find a McDonalds near your destination. Besides, when traveling abroad, some (unadventurous) Americans prefer familiar American fast food chains. The idea of McDonalds as a business expense isn’t THAT silly. Also, McDonalds isn’t THAT bad, either. The major problem is how homogenized it is (it’s never truly good because it’s designed to be repeatable, but it’s usually not bad, just kinda bland). It’s not a restaurant I typically eat at (there are better burgers closer in my neighborhood), but McDonalds is probably better than Subway (which I find to be really bland). I generally won’t eat at Subway if there are any other options available. (Of course, I live in NYC, which has a great deal of restaurant options. I can’t remember the last time I had McDonalds. I’ve had Subway recently enough to reinforce that I’m not a fan of it.)
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People who buy some luxury stuff like computer, smartphone and a holiday on loans are just sad individuals. Why don’t you just go to work and save?
A 0% interest loan and any % positive inflation, it is wasteful to pay upfront.
True.
what most ppl don’t realize is that all the BNPL companies - and Im’ sure apples agreement and benefit with GS or direct was that they get some spiff in % terms, 3-15% from the RETAILER or vendor, to offload any and all credit risk or payment risk. It’s a referral rebate essentially.
Of course they are also hoping, expecting that some % of buyers do not make their payments ALL in a timely manner, and ~ 25% end up spending some additional financing amounts with the BNPL party in fees, failure to pay charges and interest which can often acrue from inception, not just from when the failure to pay begins.
Not saying it’s a scam or anything but it does end up being slightly predatory in the end.
Also, at THIS point in the economic cycle, this is NOT the time to start racking up unsecured consumer credit as a financier or retailer, so apple doing this is probably to reduce risk exposure or balance sheet lockup and also see how the macro economy AND regulation plays out in the next 12-18 months.
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of course, but most people don’t think like that. They use credit cards to pay off credits cards to pay of credit cards as they live on the edge.
MAYBE fifty years ago. Today is possible that the packaging is more natural/real then the food wrapped inside. 😝
If an individual has the credit available to them to continuously refinance debt like they’re a government, then what’s the problem? Interest rates are a just a service fee to not have to pay in full right now. The debt poverty cycle is a bit sad for people who don’t live in a place with strong consumer protections, but at some point people have to stand up for themselves.