Apple Pay’s popularity is quite astounding, but one bank is still enticing its users to try out the new payment platform by giving them $20 for trying out Apple Pay.
Wells Fargo will gives its customers $20 if they add their Wells Fargo credit or debit card to Apple Pay and use it at any store or on any shopping app that supports Apple Pay.
Customers must make an Apple Pay purchase using their Wells Fargo card by November 30, 2014 in order to get $20 deposited into your Wells Fargo account. The promotion works with Wells Fargo Visa credit, debit, and prepaid cards, as well as Wells Fargo MasterCard credit cards. Plus, it will work with Wells Fargo Propel American Express credit cards, but will not work with Wells Fargo Business MasterCard credit cards. However, Business Visa credit cards will be ready for Apple Pay next month.
As far as we know, this is the only bank that is offering an incentive for trying out Apple Pay, but it could entice more major banks to follow suit, especially after the initial wave of iOS users signs up for Apple Pay.
Apple Pay allows you to store your credit card information on your iPhone and use it to buy stuff at any store that supports Apple Pay. The iPhone 6 has an NFC chip that allows you to tap the pay terminal at a store to instantly buy goods. Furthermore, doing this doesn’t give the store your credit card information, so you’re less susceptible to store hacks that steal credit card information, similar to the recent Home Depot and the Target hacks.
Apple Pay also works with mobile shopping apps, allowing you to pay with a single touch of the Touch ID fingerprint sensor in shopping apps that support the feature.
After you update to iOS 8.1, the new digital wallet system is ready to set up, and it only takes a couple of minutes to get a couple of your credit and debit cards stored on your iPhone or iPad so that you can begin shopping and paying for things the way it was meant to be.
The launch of the new payment platform hasn’t been entirely smooth, though. Some users have been getting double-charged when using Apple Pay at stores, with one user claiming he was charged twice while shopping at Whole Foods using his Bank of America debit card through Apple Pay. Bank of America notes that this particular problem is on their end and have been working on a fix.
Furthermore, some stores aren’t even training their employees properly on how to accept Apple Pay. One Reddit user said he went to Subway and the cashier had no idea how to get an Apple Pay transaction going, saying that the cashier couldn’t figure out how to use it, and “then a QR code appeared on the terminal, but there was no option on my phone to scan it.”
Another thing that has users scratching their heads is how returns are handled if you paid for the product using Apple Pay. One user says that returning an item at CVS required swiping the credit card that the item was purchased with, but since you can’t exactly do that with Apple Pay, this forced the cashier to essentially override the system in order to return the money.
Other people have been having zero problems in-store, but using it in apps that support Apple Pay has been a different story, with multiple charges showing up for a single transaction for some users.
We’re positive that these kinks will be worked out over time, and we can expect Apple Pay to work a little better once these bugs are fixed, but it’s already been an unpleasant ride for some iOS users.