You can use Apple Pay to request, send, and receive money quickly and easily using text messages.
From your Apple Wallet
To send money from Wallet, simply tap the Apple Cash card in Wallet and then tap Send. Type in the contact name or phone number of the recipient. Enter the amount you'd like to send (between $1 and $10,000), then review the payment and confirm it with Face ID, Touch ID or a passcode.
Apple Pay is built into iPhone, Apple Watch, Mac, iPad, and Apple Vision Pro. To get started on iPhone, open the Wallet app and tap the plus symbol. Then add a credit or debit card by tapping the back of your iPhone with your eligible card. You'll have the option to add your card to your other devices at the same time.
What is the difference between Apple Pay and Apple Wallet? Apple Pay is a safe way to pay and make secure purchases in stores, in apps, and on the web. Apple Wallet is the place where you store your credit or debit cards so you can use them with Apple Pay.
The biggest difference between Apple Pay and Apple Cash is in funding sources. Apple Cash transactions employ the Apple Cash card's balance or funds from a connected banking account. In turn, the credit or debit cards linked to the Wallet app are used for Apple Pay transactions.
Digital payment platforms
PayPal, Venmo, Western Union, and Cash App are some of the most popular payment services that do not require you to own a bank account to receive money. If you use a payment app like PayPal, Venmo, or Cash App, your recipient may sign up for the app and link a prepaid debit card.
Easy to use. To set up Tap to Pay on iPhone, enable it in the payment app of your choice. To accept a payment, open the app, enter the amount, and present your iPhone to your customer.
Apple Pay allows you to make in-store and online (in-app or on web) payments using your Apple devices by leveraging the Near Field Communication (NFC) technology.
There's no fee from Apple when you use Apple Pay.
Authenticate with Face ID, Touch ID, or your passcode. Hold the top of your iPhone near the card reader until you see Done or a checkmark on the screen.
Make sure that the recipient is eligible to receive Apple Cash payments. The recipient must meet the requirements, and they need the latest versions of iOS or watchOS. If the recipient doesn't meet the requirements, you'll see a message that they aren't eligible in Messages.
Apple Pay uses security features built-in to the hardware and software of your device to help protect your transactions. In addition, to use Apple Pay, you must have a passcode set on your device and, optionally, Face ID, Touch ID, or Optic ID. Apple Pay is also designed to protect your personal information.
On your iPhone
Open the Messages app, then start a new conversation or tap an existing one. , then tap Apple Cash. Enter the amount you want to send, and tap Send. Add a comment if you want it to appear in Latest Transactions for both you and the receiver.
Yes, you can use UPI wallets like Bajaj Finserv without involving a direct bank account. These wallets allow you to perform various transactions such as paying bills or receiving money, using your mobile number.
Cons of Apple Pay
Apple Pay is not accepted at all retailers and not compatible with all banks or card issuers. Backup may be required, just in case. Apple Pay only works if your phone does. You may still need to carry a physical credit card as a backup in case your battery dies or you misplace your phone.
Apple Pay and Apple Wallet are related parts of the same system–the one that lets you pay for items both in person and online with your iPhone, Mac, or Apple Watch. But while Apple Pay is the name of the whole digital payment option, Wallet is the app on your phone that stores the cards you use there.
Per message, you can send or receive a minimum of $1. Per message, you can send or receive a maximum of$2,000. Within a 7-day period, you can send or receive a maximum of $2,000.
Apple Pay is a mobile payment software from Apple, a global tech giant. Like GPay or Google Pay, Apple Pay is a mobile payment service that allows users to make online purchases by means of contactless technology.
Both Apple Pay and PayPal use robust encryption and security measures. However, Apple Pay places a stronger emphasis on privacy within its ecosystem, while PayPal employs two-factor authentication and shares more user data with third parties.