Apple Pay is a contactless payment technology for the most secured mobile app platform devices -Apple devices. It was built to move consumers away from physical wallets into a system where your debit and credit cards are on your iPhone or mainly in the Apple Watch, enabling you to pay using your device instead of a card.
This feature is the main thing you need to know about Apple Pay, including how it operates, how to set it up, which financial banks promote it and where you can practice it.
After Implementing the contactless payment technology it has paved a new way to overcoming the coronavirus global challenge
Which banks and cards support Apple Pay?
Apple Pay supports most utmost major credit and debit cards providers including Visa, MasterCard and American Express. Apple’s Apple Card is also sustained, unsurprisingly.
You do need to use a participating bank but most mostly all banks now support Apple Pay.
Does Apple Pay operate with US federal-payment cards too?
Yes. Apple’s mobile-payment system does operate with federal-payment cards, including Social Security and veterans advantages that are paid through debit cards.
This comprises the Direct Express payment network and government cards dispensed through GSA SmartPay. Apple Pay is also supported by deals with the federal government, meaning you can practice Apple Pay to buy tickets and gift shop items at national parks, etc.
Where can you use Apple Pay?
Apple Pay serves anywhere that allows contactless payments. If you notice the contactless payments symbol or the Apple Pay symbol near readers at the checkout in shops or shopping malls, they will accept Apple Pay.
It’s supported by hundreds of thousands of stores and restaurants global. Over 78 per cent of stores and hotels, restaurants in the US support Apple Pay and over 87 per cent in the UK. Australia has support in 99 per cent of its stores and restaurants which is considered as the most.
The UK has an fixed contactless payment system and you’ll be able to practice Apple pay at all of the shops and restaurants you earlier use contactless at.
Is there a limit for Apple Pay?
No. Unlike contactless card payments that restrict you to a £45 spend, there is no deadline for Apple Pay.
It implies you can pay for your weekly shop, or fill your car up with petrol, all with your iPhone devices
Which Apps support Apple Pay?
Numerous mobile apps promote Apple Pay, spanning travel apps, shopping apps,service apps & more.
Here are just some of the apps that promote Apple Pay: Adidas, Bloom & Wild, Starbucks, Deliveroo, Apple Store, Booking.com, Topshop, Zara, ASOS, Uber, British Airways, , Emirates, StubHub, DesignMyNight, .
Where is Apple Pay available?
Apple Pay is available in over 42 countries. These cover the US, UK, Canada, Australia, the UAE, Russia, China, New Zealand, Singapore, Japan, Taiwan and Hong Kong as well as various other countries.
Is Apple Pay secure?
Yes. Apple said it doesn’t preserve your transaction information or card numbers on its servers, though your most up-to-date purchases are stored in the Wallet app.
Apple Pay, which has a tokenised backend infrastructure, does card payments secure by generating a number or token that restores your card details. More precisely, it produces a Device Account Number for each one of your cards.
According to Apple, the Device Account Number is authorised, encrypted, and securely stored in the Secure Element, a dedicated chip in iPhone and Apple Watch, and when a payment is received, the token is transferred to the retailer or merchant. The retailer or merchant therefore never has honest access to your card details.
How much does Apple Pay cost me as a retailer?
Apple Pay is classified as contactless payment, so you will be priced the same as it currently takes you to process a contactless payment. If you don’t have precise pricing for contactless it will be the same cost as a debit card transaction. Here at Card Cutters, this is extensively available on our comprehensive range of card machines. Also you can avail the pos terminal rental services to bring the contactless technology
