No I Don’t. Once my Applepay Dream was quashed in early 2017. A year ago now , I had already been waiting for months for it like a Child waiting for Santa. Boom Starling got Applepay I left for them & I am happy. I’d rather be surprised than let down…
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Coin Jar is a cool feature, but as we’ve seen with things like the Moneybox integration, third parties can help ensure that kind of feature parity. Comparing the core features third parties can’t influence—like the usefulness of the categories and whether the bank supports Apple Pay—is less futile.
Even when Monzo finally support Apple Pay, they still apparently don’t have any plans to offer us a way to categorise charity donations, gifts for friends, and when we spend money on friends (even if it’s something as little as buying a round for them); meanwhile, Starling already offer categories for those things, among several other categories many people have asked for on these forums for years.
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But isn’t it funny that even after all this, Revolut is the first to break even?
(also isn’t the second part of that post incorrect? I’m sure they are planning to support custom categories)
May I politely ask what you are still doing here asking about Apple Pay if you’re a happy customer elsewhere and you’re so let down with Monzo?
Because it appears to be some kind of petty point–scoring one–upmanship.
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I did wonder this…
Even my drunk annoying self last night, I thought… Well why are you on this Forum then :S
Maybe don’t drink and forum in future? Especially if you believe you’re annoying when you do so?
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and look how annoying that turns out to be
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That makes my point. 
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Danny is learning to care! 
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Sounds advice, thanks.
Not sure how this turned into moan at Jack though
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Looks like the fees are far lower -
https://www.ft.com/content/02287f44-2a3d-11e5-8613-e7aedbb7bdb7
Monzo is still happy to absorb some costs for users e.g. the fee for ATM withdrawals in the UK so I’m not too concerned that this will be a problem for them.
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So there’s two good things to note here (from what I’ve read/found above):
- The fee will be more fixed as well as lower than ATM fees, which vary from country to country and card acceptance can be hit and miss; using Monzo just for Apple Pay doesn’t have the same impact as using Monzo just for foreign travel
- Apple will not let Monzo add an Apple Pay tax as it were; so affordability will just have to be sourced elsewhere if it did become a problem
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Also remember that fees are less than interchange so Monzo will still make money on mobile wallet transactions. Just less. Making less money isn’t the same as losing money.
If people use their card far more Monzo still comes out ahead.
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17 posts were split to a new topic: NFC payments while driving
“Apple is requiring card-issuing banks to allow at least 95 percent of MasterCard or Visa cards in their portfolio to participate in Apple Pay, Sakhrani’s report reads.”
So if we assume that Monzo prepaid is separate enough from the Current Account that it wouldn’t justify rolling out Apple Pay to both prepaid and the CA customers, especially as one has long been deprecated and is soon to close entirely, then surely the reason theres no Apple pay right now is simple: More than 5% of Monzo customers are on prepaid, meaning if they rolled it out to the current account right now they would be breaching the terms of their commercial agreement straight off the bat.
So, erm… Apple Pay on April 4th/5th then?? 
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Sounds like something Apple would push for
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Please understand that those rumoured numbers are for the US market, old, and even if true would almost certainly not apply to the UK market where interchange is much lower on credit, and calculated very differently on debit (the US is all about the fixed fee for debit, meaning interchange can actually exceed 100% of the purchase amount in some cases on very small transactions for debit).
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I’m sure you’re right but I think Ben’s highlighted the key points - which aren’t the fees or interchange rates - if you’re trying to get a sense of when Monzo might be able to launch Apple Pay.
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The sooner the pre paid goes the better in my eyes. Will free up staff resources for them to concentrate on other things.
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Definitely, I was only pointing it out because other people raised concerns on cost. No way any bank in the UK is paying 15 basis points even on credit…
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