nhughes

racoleman29 said:

Why not Visa or MC? Just curious.

Probably because Green Dot uses Discover. But, from a consumer perspective, the payment network means more, as it determines where a card can or cannot be used.

MustSeeUHDTV said:

Discover. That's is good. At least that is a reputable big credit card company. I thought it was supposed to be Green Dot.

From what I can gather, Green Dot is the bank and Discover debit rails (Pulse) are being used. Leveraging Discover debit should, in theory, allow Apple Pay Cash to be used at retail in more places than Discover credit.

wood1208 said:

I am touched. Isn't all digital P2P payment charges 3% for credit card usage ? If Apple wants to popularize ApplePayCash than like music app, Apple has to deploy it on Android like Venmo.

Square Cash and Venmo don't charge a fee as long as you use a debit card, same as Apple Pay Cash. Would seem that Apple is right in line with industry standards.

lkrupp said:

When I set up Apple Pay Cash I was not given the option to select a card of my choosing. I was more or less “guided” to select my bank debit card, which was already in my wallet along with a credit card. A a side note I found it interesting to see what my bank transaction displayed. I loaded $10 onto my Pay Cash to see if it really worked, and it did. This morning my bank shows the transaction as:

APPLE PAY CASH - ADDED CUPERTINO CA 12/04

You're given the option to select a card when you hit the send button in messages. Then the Apple Pay prompt comes up and you can manually choose a card before authorizing the transaction.

Our tests show that Discover Debit is handling the backend for the Apple Pay Cash "card" itself. Unclear if this applies to all users or if they have a few providers.

jdgaz said:

I personally dont use debit cards. Would prefer to be able to buy an itunes card and store it for future use.

You can transfer money to your Apple Pay Cash card in Settings, which allows it to be sent without the fee. But if you only have credit cards in Apple Wallet, then you're still going to pay the 3% in the initial transfer to your own card.

In this situation, the only current workaround to avoid fees would be to have a friend with a debit card send you money, which would then be added to your Apple Pay Cash card. Then reimburse them with physical cash, or buy them a taco, I guess.