Apple introduces Apple Pay Later

Re:Apple introduces Apple Pay Later by stuff4ben on Tuesday March 28, 2023 @01:35PM (#35344818)

Same. I use my Apple Card instead of cash or my debit card in almost all cases (except Costco where I have to use Visa and I have their card for that). I've averaged a little over $27K/year since 2019 and have had zero issues. GS has been great when I've had to dispute charges and they took care of everything. I love how seamless it is and it just works. Also, I am a self-admitted Apple-whore and am totally invested in their ecosystem FWIW.

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Re:Apple introduces Apple Pay Later by judge2020 on Tuesday March 28, 2023 @02:01PM (#35345235)

> except Costco where I have to use Visa and I have their card for that

I imagine this is due to some dispute with Mastercard on their fees for credit cards (you can use MC debit at Costco); Visa probably gives Costco a steep discount on fees.

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Re:Apple introduces Apple Pay Later by dragonwriter on Tuesday March 28, 2023 @02:10PM (#35345359)

> I imagine this is due to some dispute with Mastercard on their fees for credit cards

Costco has long had an official credit card and only allowed cards of that brand (whether theirs or not), for a long time it was Amex not Visa.

> Visa probably gives Costco a steep discount on fees.

Right; their single-card-brand partnership agreement is a tool for getting lower credit card processing fees.

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Re:Apple introduces Apple Pay Later by judge2020 on Tuesday March 28, 2023 @02:43PM (#35345890)

> Right; their single-card-brand partnership agreement is a tool for getting lower credit card processing fees.

Volume rates in general are extremely common.

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Re:Apple introduces Apple Pay Later by dragonwriter on Tuesday March 28, 2023 @02:47PM (#35345951)

> Volume rates in general are extremely common.

This combines “volume” with “exclude our competitors”.

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Re:Apple introduces Apple Pay Later by judge2020 on Tuesday March 28, 2023 @02:49PM (#35345977)

My point (theory) is that Mastercard isn't offering them a big enough volume discount. If they could pay 0.1% I doubt they would exclude MC even if it meant losing out on some Costco credit card accounts.

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Re:Apple introduces Apple Pay Later by dragonwriter on Tuesday March 28, 2023 @03:07PM (#35346238)

I'm saying excluding other card brands gets them a bigger discount from their exclusive card network than volume alone would, not that it pushes people to the Costco-branded card from that network (though it probably does that, too.)

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Re:Apple introduces Apple Pay Later by poly_morphis on Tuesday March 28, 2023 @04:16PM (#35347183)

In Canada, I believe you can only use Mastercard at Costco, interestingly.

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