TheElasticTuba
TheElasticTuba t1_j8p0q99 wrote
Reply to Apple Pay Later nears launch, company will use past spending with Apple to evaluate creditworthiness. by SUPRVLLAN
I wonder how this will turn out though with Apple also being a retailer themselves. Hundreds of retailers in the past have gotten into trouble for essentially running as a bank with lines of credit and things like that, and this is walking a fine line into that. Apple gets away with the Apple Card, because jt’s handled through Synchrony Bank, but this being through them is getting a lot closer to self-banking. Sure, it’s not exactly credit, but I’m still intrigued how Congress and everything will see it.
TheElasticTuba t1_j8h03sl wrote
Reply to comment by Chronixx in Apple really should bring back the rose gold color option it’s gorgeous by gacash9
Them getting rid of the green was my biggest upset going to a 14PM
TheElasticTuba t1_j8q4vaa wrote
Reply to comment by Sunshineinanchorage in Apple Pay Later nears launch, company will use past spending with Apple to evaluate creditworthiness. by SUPRVLLAN
Ah my mistake. Still though, point stands that the reason it’s fair game for Apple is it’s handled by an outside bank. This comes a lot closer to self-banking.