What is Apple Pay and How Does it Work?

 Apple Pay is a mobile payment and digital wallet service by Apple Inc. that lets users make payments in-store, in-app and online. It's currently available on iPhone 6 and iPhone 6 Plus models only and requires the user to authenticate using Touch ID before making payments. The service relies on NFC (Near Field Communication) for communication between the phone and the payment terminal.

How Does Apple Pay Work?

When you're ready to make a payment, simply hold your iPhone near the contactless reader with your finger on Touch ID. Your iPhone will vibrate and beep to let you know that the payment has been accepted. You'll also see a confirmation message on your screen.

You can also use Apple Pay to make in-app purchases on your iPhone. Just select Apple Pay as the payment method and hold your phone near the contactless reader.

What Can I Use Apple Pay For?

At the moment, you can use Apple Pay to pay for goods and services at participating retailers in the following countries:

  • United States (US): You can use Apple Pay to make payments at all merchants that accept contactless payments, these include Best Buy, Walgreens, Macy's, Bloomingdales, Staples and McDonalds. You can use Apple Pay to make payments at all merchants that accept contactless payments, these include Best Buy, Walgreens, Macy's, Bloomingdales, Staples and McDonalds.

  • United Kingdom (UK): You can use Apple Pay to make payments at all contactless terminals in the UK including Transport for London (TfL) buses and trams, most major contactless merchants accept Apple Pay. You can use Apple Pay to make payments at all contactless terminals in the UK including Transport for London (TfL) buses and trams, most major contactless merchants accept Apple Pay.

  • Canada: You can use Apple Pay to make payments with American Express cards only. You can use Apple Pay to make payments with American Express cards only.

  • China: You can use Apple Pay to make payments at all merchants with "UnionPay" and "China Merchant's Payment Card Association (CMPPA)" logos. You can use Apple Pay to make payments at all merchants with "UnionPay" and "China Merchant's Payment Card Association (CMPPA)" logos.

  • Australia: As of now, there are no merchants that accept Apple Pay in Australia.

What Are the Fees for Using Apple Pay?

There are no fees for using Apple Pay. However, your credit card company may charge you a foreign transaction fee if you use your credit card to make a purchase in a foreign currency.

How Secure is Apple Pay?

Apple Pay is extremely secure and uses multiple layers of security to protect your payments. These include Touch ID, your passcode, a unique device identifier and a cryptogram that is generated for each transaction.

Apple also does not store your credit card numbers on your iPhone or in the cloud, so they cannot be accessed by anyone else.

Is Apple Pay Available in My Country?

Apple Pay is available in a growing number of countries, but not all countries yet. To see if it's available in your country, please check the Apple Pay website.

Comments

Post a Comment

Popular posts from this blog

How To Sell Merchant Services As An ISO 

The payment processing industry is now a very competitive and demanding industry. It is now attracting many talented people to work here. If you want to get into this industry then you should start with your independent sales organization (ISO). If you want to sell merchant services as an ISO then here are some tips for you.  Start a business You should first start your business by completing all the legal procedures and paper works. You have to hire a lawyer to do all this paper works. It takes a long time to set up a business and get everything in place.  Registered or independent ISO After setting up the business you should determine whether you want to be a registered ISO or an independent one. If you don’t want much trouble then you can choose the independent ISO option. These ISO work for the large registered ISOs. So, you will be getting your share of the charges after customers make transactions; however, the customers will be using the services through the registered ISO. Bec
Read more

7 reasons why mobile POS is the best option for retailers

  POS is ideal for supermarkets, restaurants, hotels, and hospitals to provide better services for customers. With mobile technologies are advancing day by day, retail stores should consider installing POS on their devices. This is because a mobile POS provides opportunities for growing sales in the markets. Moreover, it gives ways to manage a business from anywhere without any hassles.  Here are some reasons why many retailers prefer mobile POS for their business. 1. Enhanced customer service  Mobile point of sale contributes more to enhance the customer service with high success rates. It contributes more to share positive experiences with mobile networks enabling retail stores to accomplish goals significantly. Another thing is that retail stores can know the buying pattern of customers that will help improve sales.                                                                                           2. Multi-system integration with applications The primary advantage of a mobile
Read more

A Complete Guide to Interchange Fees and Rates

  Interchange fees are the fees charged by card issuers to merchants for each credit or debit card transaction. They are typically a percentage of the total transaction amount, plus a per-transaction fee. interchange rates are set by the card networks (Visa, Mastercard, etc.) and are the same for all merchants.
Read more