Apple consistently doubling down on consumer privacy is their BEST trait
Pretty cool, I’ve always wanted to be able to use Apple Cash like a refillable debit card.
You can get this from privacy.com but in my experience they never work with sites you really want them to, credit card processors have a list of their prefixes or something. Hopefully Apple can pull it off.
Privacy dot com sells data
Thanks for the heads up.
A lot of retailers don’t like prepaid credit cards because they’re an easy tool for fraud / money laundering. I wonder if Apple is going to be able to tighten things up so they can have this treated like the prepaid debit cards many states use for unemployment insurance.
Capital one (CC) has eno, which is virtual cards. I create a new one for every website… Works good. Every now and then someone will change how they charge (name) and break the virtual card. I’ve got well over 100 virtual cards.
Yeah, I wonder if Apple can do better, especially with their market power.
Privacy.com is also US only.
So is Apple Cash, but I have more hopes of Apple expanding that to other parts of the world, as their US-only services don’t usually stay that way for too long.
Considering Apple Card has been US exclusive for many years now, I wouldn’t get my hopes up for Apple Cash.
You need to have a partnership with a bank to run Apple Card in another region, it’s not a simple thing to expand. However Apple Pay was US exclusive for a long time and it still expanded. I think it’s possible, I just think the fact that Goldman pulled out in the US has delayed their expansion plans.
Apple Pay by itself is basically a “proxy” to your existing credit card. With Apple Cash, where do you think your funds are “stored”? You’ll need to partner with a bank as well (similar to how PayPal is also a bank).
Oh yeah I know, I didn’t mean to imply otherwise. More clearly:
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Apple Card is slow to expand because of the requirement to have a bank partner in the region you want to expand to, and Goldman pulling out of the Apple Card partnership has probably delayed the expansion plans because stabilizing the US operations are probably the priority.
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Apple Pay didn’t expand for years because they were stabilizing relationships in the US and convincing partner networks to give them their cut, which eventually they did.
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I suspect once operations are stable, they will start to expand Apple Card and Apple Pay Cash.
Expanding Apple Pay Cash is way easier though, because it’s stored value. That’s business that everyone wants to be in. They’re just holding your cash and earning interest on it. Apple Card is more complicated because there is debt and risk.
The incentive to expand to Canada specifically is low as well because “cash apps” like CashApp, Venmo, etc have no presence here because we have a robust, fast and free Interac e-transfer system which is so embedded, people paying $1 to send money isn’t much of a market.
I still think we’ll see it eventually, but yeah I’m not holding my breath.
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You’re not missing out. I tried it with AliExpress, and a few others large online retailers with no luck. It worked with Backblaze, but I just sort of gave up after that… it’s not really something useful if it’s not accepted by most.
Mysudo also offers this service. I’m looking currently looking at them to get phone numbers for banking and such.
I remember when PayPal (I had bank too) did this. You could set an amount and only that would be authorized. You could also set a number of uses and after that the card number was no longer valid.
Actual good feature from apple.
My Capital One card has had this feature for a long time.
No offense but I’m new to browsing /r/all here for a second, I thought this was an ad 😭
lol. Yeah, that thumbnail scraped from Engadget looks like something one of the bloggers just yanked from a marketing email.