Apple Pay’s Convenience and Simplicity Comes at a Cost



A few weeks ago, Apple announced a partnership with seven of Canada’s major banks to expand its Apple Pay system to all credit and debit cards issued by those banks.

The convenience of mobile payment services will not be limited to the iPhone for much longer, as Samsung Pay is set to launch in Canada later this year. This will allow Android users to pay for their merchandise using their high-end Samsung phones, like the Galaxy S6 and S7.

According to a report from Yahoo Finance, the convenience of mobile payment services may come at a cost, especially if you are a person that has difficulty controlling their spending. In a statement, the operations director for Credit Canada Debt Solutions Keith Emery, said:

“My armchair psychologist brain suspects that the easier the mechanics of the transaction, the less it feels like you’re giving away.

Compare it with using your debit card: sticking the card in the machine and entering your code is symbolic of the fact money is leaving your account and there is something serious going on here. When you tap, it just feels so innocuous – nothing even happened – so from a psychological point-of-view maybe you think, ‘That can’t be a big deal. How could it be a lot of money leaving my account for something that just takes a tap?’”

Emery also has some other facts to back up his claim. A study in 2012 showed that within the first year of a consumer’s first MasterCard PayPass transaction, the consumer tends to spend 30 percent more.

If you have been using Apple Pay, do you notice any increase in your spending patterns because of the increased convenience? Let us know in the comments below.


  • David

    During the first week I probably spent a little more, buying small things just for the sake of using it. But now it’s back to normal.

  • Mario Gaucher

    No difference in my spending.
    I use it for my every day purchases… And I pay the full amount at the end of the month. Before using my MasterCard, I was using my debit card… But paying a lot more fees. No fees with MasterCard… And I have a 1-2% money back .

    My MasterCard was with Desjardins before Apple Pay… Now I’ve switched to RBC to be able to use Apple Pay.

  • It’s Me

    That’s pretty much my finding as well. I don’t spend more, but I’ll make more purchases on credit instead of debit. I can see how that could get a lot of people into trouble though.

  • Went out of my way to try it out when it first came out; I am still spending the same amount as I was before. I was already tapping most of the time with cards so there hasn’t really been much of a change.

  • Queequeg

    I use Apple Pay wherever I can, as a matter of convenience and security. I’ve not found that I’m spending more than before I started using it.

  • djepsilon

    Samsung Pay… Real original name there guys. ????

  • Matt

    I think it has SAVED me money because I have grown to become more conscious of money/finances with all this apple pay news and hubbub about it
    I’ve used it but it has made me become more aware of what I’m spending on whether it’s useful or not

    Definitely noticed my spending going down and I’ve been smarter with my money

  • Corrode

    Up until now, credit card companies have intentionally made it difficult to know what you’ve spent.

    Pay with debit? Transaction immediately posted to your account. Pay with credit? Transaction posted in three days.

    So if you were at the mall yesterday and are wondering if you have enough money to go shopping today, you can’t make an informed decision unless you manually add up all the yet-to-be posted transactions.

    Apple Pay tells your IMMEDIATELY via push notification what you’ve spend. I’ve found this to be the biggest benefit to the service because I want to know how much money I’ve spent, as soon as I’ve spent it.

    Why are we listening to this “armchair psychiatrist” anyway? It’s not like we haven’t had tap-to-pay for years already.

  • Z S

    Couldn’t the same things be said about Interac and credit card tap already? If you don’t look at price tags and balance your budget, you’re doomed from the start.

  • Mark L.

    Depends who you bank with. RBC shows all credit card transactions immediately.

  • Hillspinikin

    I have had two cards in Apple Pay for a week now and still have not used them.

  • Tim

    I think this is mostly bad academic rubbish. And unlike debit or credit tap payments, the phone is constantly reminding you of what you just spent.

    I’ve never caught myself wanting to spend frivolously because the transaction process is less arduous and I’m banking that neither have the real majority of people.

  • Peter

    My spending habits at the launch of Apple Pay were higher, just for that WOW effect. And to show other people that this is a new way of paying. But now, I am back where I was, aware of what purchases I make. If you are not financially responsible, doesn’t matter if you use Apple Pay or not. It just makes life more convenient.

  • Guest

    Doesn’t everything come with a cost?

  • gene

    I agree that people might spend more, but like others mention, this might be mitigated by the fact a lot of us have been using credit cards already, and the fact we haven’t relinquished cash during a transaction helps avert the pain of loss. So, perhaps the additional ease of Apple Pay won’t have much effect after all?

    I welcome the ease of Apple Pay and freer spending. I have plenty of money and don’t like spending it, so anything that will help me enjoy spending a little more is nice for me, but not for everyone.

  • iGard Anderson

    Entering PIN has been replaced by placing the finger! Not sure where the problem is.. Regardless, I’m tapping my cards anyways whenever mech terminals support NFC without any PIN code.

  • Yup. Apple Pay will speed up checkout lines. Some people take so long to navigate the menus to enter PINs it’s insane.

  • Mario Gaucher

    so true!!!
    but old people (those taking too much time) won’t use Apple Pay… so it won’t change anything for them.

  • Retailers need to setup an express checkout line for Apple Pay and contactless payments. Now that would be awesome.