Apple Pay Usage Continues To Drop

Discussion in 'Stock Market Forum' started by Rainman, Dec 28, 2015.

  1. baudwalk

    baudwalk Senior Investor

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    Pay with a phone, meh. So many pay systems -- Apple, Google, Samsung, Walmart, Target and undoubtedly more in the woodwork -- and a pain to set up. Google and Samsung keep bugging me to set up the pay thing tied to credit cards I don't have or want. (I have had the same three for ~25 years for use with airlines, hotels and rental cars; no reason to change.) Cash works best for everything else. All I need is a secure ATM every so often. Simple.
     
  2. crimsonghost747

    crimsonghost747 Senior Investor

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    I don't know how you use your credit cards, but sounds like it's complicated.
    I take my one and only credit card out of my wallet, put it in the machine, input the pin code, take the card out. And it's all done. Takes 5 to 10 seconds and I've paid what I wanted to pay... which is kinda what I want a credit card to do. :D

    I don't need data, gift cards in my phone (why don't you just hand the gift card to the cashier like we used to do?), several credit cards (WHY???) on the same device etc. This just feels to me like yet another case of the, pardon me for generalising, US mentality of "must have every strange thing and I don't even know why"!
     
  3. nytegeek

    nytegeek Well-Known Member

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    Using magnetic stripe cards is inherently insecure as it is. In fact there is nothing secure about it. There are no real account protections for such transactions. If using something like "Apple Pay" adds a layer of security to this otherwise completely insecure process I would consider using it, but if not why bother.
     
  4. moneyman

    moneyman Well-Known Member

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    I rarely ever use Apple products and don't own one personally but in my opinion Apple shares have been a good investment. Apple is surely trying to make more profit with these side services and this Apple pay seems to be just a failure.
     
  5. turt

    turt Guest

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    Because people want to be able to do more things in less time. Have you ever gotten 8 gift cards for gifts? It's not exactly easy or convenient to carry around 8 gift cards plus everything else you have. And on top of that, you don't even know how much you have left on the gift cards. The phone can tell you right on the screen. The phone can tell you the same for the credit card and you can check for fraud in an instant, set a budget for your spending by category/total etc.
     
  6. gracer

    gracer Senior Investor

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    I think if Apple Pay would go down the drain, it wouldn't make a big impact on Apple itself. I think it will all boil down to "charge to experience" for them. Apple is a big company just like the others trying to experiment every now and then, and if an experiment works then they continue with it. If it turns out to be a failure, they still have other more secured products and services to hang on to.

    I myself am not a big fan of electronic payments and transactions as well as some of the members have said. I mostly prefer cash as much as I can. And just like what kgord said, not everyone has an Apple device so Apple Pay is really limited to a certain number of people only
     
  7. Xauras

    Xauras Well-Known Member

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    This 4th trading day of 2016 is officially the worst start to a new year in history 1.png See more at SaharahsCharts on Twitter.
     
  8. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I once owned over 2000 shares of Apple (post-split), but I'm now down to my last 100. I sold just about all of it before it dipped below $100, and for the first time in a while I now have a put option on the stock.
     

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