Apple Pay is safer than using a physical credit, debit, or prepaid card. Face ID, Touch ID, or your passcode is required for purchases on your iPhone, Apple Watch, Mac, or iPad. Your card number and identity aren't shared with merchants, and your actual card numbers aren't stored on your device or on Apple servers.
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.
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 is generally more secure (due to dynamic security codes and biometric authentication) and also more private than using a card directly, since it uses virtual card numbers and does not transmit your name to merchant terminals like most debit and credit cards do.
But instead of simply sharing your card information, Apple Pay creates a unique transaction code and device-specific code for every purchase. This means that even if you make a purchase on a shady website, scammers can't steal your credit card numbers.
Technically, yes. Digital wallets can be even safer and more secure to use than even the best plastic credit cards, cash, checks and other forms of physical payment.
Apple Pay is unable to be skimmed. Since you cannot use Apple Pay through a regular card reader, there's no risk that someone will skim the card in the process. In terms of skimming, the risk is eliminated for Apple Pay users.
The survey results suggest that the top reason for using mobile tap-and-pay is because it is more usable than traditional debit or credit cards. In contrast, our survey identified user security concerns as the top reason for not using Apple Pay. In fact, Apple Pay nonusers were not too concerned about usability.
Safe and
Protected. When you make a purchase, Apple Pay uses a device-specific number and unique transaction code. So your card number is never stored on your device or on Apple servers. And when you pay, your card numbers are never shared by Apple with merchants.
When you add a credit, debit, prepaid, or transit card (where available) to Apple Pay, information that you enter on your device is encrypted and sent to Apple servers. If you use the camera to enter the card information, the information is never saved on your device or photo library.
Clark's Take on Whether Apple Pay Is a Safe Alternative to Zelle. Clark says: “It's a different kind of tool, but Apple Pay is a well-thought-out safe alternative.” It's no wonder that a user may be “freaked out” using Zelle. Inside the Zelle app, there is no way to request a refund.
Banks and law enforcement can use transaction details, surveillance footage, and digital tracking methods to identify the perpetrator, with various results.
Apple Pay requires you to use Face ID, Touch ID, or your passcode to make a purchase. So even if your phone is stolen, no one else can use your Apple Pay to buy something.
Credit cards are safer than debit cards because they offer better protection if unauthorized charges are made to your card. On a debit card, you could be liable for up to the full amount charged if you don't quickly report the card's loss or theft.
Apple Pay will remain a highly secure and convenient payment method in 2024. With security features like encryption, biometric authentication, and transaction-specific codes, Apple Pay protects your financial information during every transaction.
Yes, your Apple Pay account can potentially be hacked like any other online account. Apple devices and accounts are not immune to hacking attempts or stolen credentials.
Some possible reasons for why the transaction is declining even though the digital card still appears in the Apple wallet include: Your card has been temporarily locked. Your card or the transaction account has insufficient funds or limit for the transaction. An incorrect card PIN has been entered at the terminal.
Apple Pay offers an extra layer of protection. According to Apple, the data on Apple Pay is encrypted to prevent fraud. When you apply for Apple Pay, your device is given an encrypted account number that can only be unlocked by your bank. Apple doesn't even have access to your actual card number.
Apple Pay has inbuilt advanced security measures like tokenized transactions and biometric authentication, which typically shift the liability for fraudulent transactions to card issuers instead of merchants. These transactions are considered highly secure, so you're less likely to pay for fraudulent chargebacks.
Since you don't need a physical debit/credit card, there's a reduced risk of someone stealing your card(s) or their information. In fact, Apple Pay doesn't use your card number to make a purchase; rather, it uses a token called a “device account number” to complete the transaction.
Google Pay is the fast, easy, and secure way to pay on sites, in apps, and in stores using the cards saved to your Google Account. To use Google Pay to pay in stores, you'll need an Android phone.