Apple Pay is considered highly safe in 2025, employing robust security measures like tokenization, device-specific card numbers, and biometric authentication (Face ID/Touch ID) to prevent fraud. It does not share actual card numbers with merchants, and its reliance on hardware-level security makes it superior to physical cards.
The IRS considers gross income paid through Venmo, PayPal, Apple Pay, and other third-party platforms as taxable income, just like any other earnings.
Yes, Apple Pay remains secure if you lose your phone, as it requires Face ID, Touch ID, or your passcode to authorize payments. However, if someone can guess your passcode, there is a risk. To prevent misuse, activate Lost Mode using the Find My app to lock your device and disable Apple Pay remotely.
Apple Pay Now Powers eCommerce Anywhere
Apple Pay was once only compatible with checkouts in Safari, but as of February 2025, Apple Pay can now be used in any browser, on any computer, including PCs and Chromebooks.
As mentioned, Apple Pay now has 750+ billion active users. And the future looks more promising. By 2026, nearly one in four US consumers are expected to use Apple Pay. In other words, 75.4 million people in the US will be using Apple Pay by 2030, which is over 25% of the entire US population.
2025 was a record-breaking year for Apple services, marked by remarkable growth, global expansion, and continuous innovation.
For fiscal 2025, Apple's forecast pointed to solid revenue growth (around 6%) driven by the successful iPhone 17 launch and strong Services, with expectations for Apple to potentially surpass Samsung in smartphone shipments, though some analysts noted investor concerns about AI integration and competition, leading to stock volatility despite strong underlying performance. Key themes included the Services division becoming a major growth engine, strong iPhone demand in key markets like China and India, and anticipation for future AI products.
Yes, card info can potentially be stolen from tap-to-pay, mainly through methods like "ghost tapping," where criminals use hidden or disguised readers to capture data from a short distance, though it's generally safer than older methods, especially with mobile wallets using dynamic codes; however, vigilance is key, so monitor statements, use RFID-blocking sleeves, and turn off tap-to-pay when not needed.
The biggest risk associated with Apple Pay is someone stealing your phone and being able to unlock it. This concern typically arises only if you use a weak passcode, but because your device passcode can override biometric security, using an easy-to-guess code or sharing it with others puts your money at risk.
Apple Pay is designed with your security and privacy in mind, making it a simpler and more secure way to pay than using your physical credit, debit, and prepaid cards. Apple Pay uses security features built-in to the hardware and software of your device to help protect your transactions.
Like Paypal and Venmo, Apple Pay and CashApp report users' business income to those users and to the IRS, but Apple Cash does no such reporting because it is not intended for business use. Zelle stands apart from the other payment applications because it is not required to report user transactions to the IRS.
After much negotiation, Apple and JPMorgan Chase have officially announced that the bank plans to be the new issuer of the Apple Card. Currently, the card is issued and serviced by Goldman Sachs. The transition is still subject to closing conditions and regulatory approvals.
The largest U.S. bank will assume a $20 billion portfolio of Apple customers as Goldman Sachs finishes unwinding its foray into consumer lending.
Is there a fee associated with using a Chase card with Apple Pay? There's no cost for Apple Pay from Chase; however, an active data plan is required. Based on your wireless plan and mobile carrier's offering, additional message and data charges may apply. Your credit card terms and conditions will apply for purchases.
2025 was a record-breaking year for Apple services, marked by remarkable growth, global expansion, and continuous innovation. From Apple TV, Apple Music, and Apple News, to daily essentials like Apple Pay and iCloud, we delivered enriching experiences to users worldwide.
What Apple products have been discontinued? In 2025, Apple discontinued 23 products, including iPhones (iPhone 14, 15, 16 series, SE), iPads (iPad Pro M4, iPad Air M2, iPad 10), MacBooks, Apple Watches (Series 10, SE 2, Ultra 2), and accessories like AirPods Pro 2 and MagSafe chargers.
Apple announced rare layoffs in 2025, cutting dozens of roles across its sales division as part of a major restructuring aimed at streamlining operations.