Information that you provide about your card, whether certain device settings are enabled, and device use patterns — such as the percent of time the device is in motion and the approximate number of calls you make per week — may be sent to Apple to determine your eligibility to enable Apple Pay.
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.
Select a verification method, either by email, text or call and enter the verification code when prompted. Then click "Next." Your bank or card issuer will verify your information and once your card is verified, tap "Next" to start using Apple Pay.
To help protect your identity, you may be asked to provide additional information for verification, such as uploading the front and back of your government-issued identification, providing your full SSN, or entering a verification code sent to a phone number that Apple's identity verification service provider has ...
A supported card from a participating card issuer. An Apple Account signed in to your Apple device. Face ID, Touch ID, Optic ID or a passcode set on your device.
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.
Apple Pay uses the Apple Wallet and you can link this payment service to an existing bank account or to a credit card. The money you spend is then debited from your account or credit card.
Key Takeaways. Apple Pay is certainly safer than cash and it has more safety features than credit cards. Some security features, like two-factor identification, are optional. A complicated passcode is still a good idea.
Apple Card is issued by Goldman Sachs Bank USA, Member FDIC. Green Dot Bank and Goldman Sachs require identity verification for fraud protection and regulatory reasons.
With Tap to Cash, you can send Apple Cash to someone by holding your iPhone or Apple Watch near their iPhone or Apple Watch, without having to share your phone number or email address.
Since Apple Pay doesn't store your credit or debit card number on the device, you never reveal your name, card number or security code to merchants.
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.
What hardware do I need to accept Apple Pay? Most NFC-enabled terminals (like Square Reader for contactless and chip) accept Apple Pay. Customers just hold their Apple device over the terminal and complete the transaction with their Touch ID, or fingerprint.
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 transactions incur no more charges for customers or businesses than traditional credit card transactions do. While there might be some setup costs, purchases such as NFC-enabled payment terminals can be a good investment to keep the organization up to date and provide a smoother checkout process.
To set up Apple Pay, add a debit or credit card to the Wallet app on your iPhone, Apple Watch, or other compatible device. To use Apple Pay, you need: A compatible device1 with the latest version of iOS or iPadOS, watchOS, macOS, or visionOS. A supported card from a participating card issuer.
If you exceed the $500 weekly limit, you'll be asked to verify your identity by providing personal details, like your date of birth. Note that the $500 threshold is cumulative -- so if, in a week, you transfer $250 using a supported payment card and $300 with Apple Cash, you'll need to verify.
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 considered relatively safe from hackers due to its multiple security layers. It replaces your card details with a unique device account number, encrypts all transactions, and requires Face ID, Touch ID, or a passcode to authorize payments.
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.