>where Apple Pay is designed in such a way that Apple can not tell who you are spending your money with.

source on this? AFAIK apple doesn't share it, but they definitely have access to the data.

source: "Apple doesn't retain any transaction information that can be tied back to you—your transactions stay between you, the merchant or developer, and your bank or card issuer."[0]

0: https://support.apple.com/en-us/HT203027

Note how that statement is worded. "Apple doesn't retain" means they very well have access to the transaction info, they're just not storing it. I wouldn't call that designed in such a way that they can't read your transactions. It's more of a promise, similar to how google analytics promises to remove the last octet from IPs if you enable a flag.

It's worth noting that the merchant, bank, and credit card issuer can and do regularly sell that information off in de-identified form. Card networks especially like monetizing the data since it's very powerful.

I can't find the page describing the program on Visa's website, but their privacy opt-out describes it pretty well [1].

[1] https://usa.visa.com/legal/privacy-policy-opt-out.html

Yes but they'd do it every time you use your card anyways. So back to cash only? In the US you're screwed without using credit cards and in Europe I would not want to go back out of convenience.

Carrying 800 grams of coins around me all the time sucks.

Right, Apple doesn't, Goldman Sachs does. I wonder which one you trust more and if you really prefer this data to be stored by GS.

Once again Apple's marketing makes people believe things that aren't true, without actually lying.

You are thinking Apple Card, the Apple credit card, which is different from Apple Pay, the payment platform. That said, I don't disagree that GS almost certainly collects every bit of data they can.

How can they facilitate your payment without knowing who you are and who you are paying to ?

What happens when someone asks for a refund?

I assume that's handled by the merchant directly to VISA/MC/etc, not by Apple. I've certainly never had to re-auth my apple pay to the payment terminal for a refund.

Payment providers already sell this data to the finance sector.