Quick Answer: What Is The Point Of Apple Pay?

What is the purpose of Apple Pay?

Apple Pay is the mobile payment solution from Apple that lets you easily pay for purchases online in supported apps and at retail locations using credit and debit cards stored securely on your iPhone in the Wallet app..

Is it a good idea to use Apple Pay?

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.

How is Apple pay beneficial?

The good news is that Apple Pay is significantly more secure than a magnetic-strip credit card and has advantages over chip-embedded cards too. First, theft prevention is baked in. A typical thief can’t use Apple Pay from your device because they can’t provide your fingerprint or your Apple Watch passcode.

Does Apple pay charge a fee?

Is there a fee? If you use Apple Pay at the register in stores or restaurants, Apple does not charge any fees. … If you pay with Apple Pay using a debit card, there are no additional fees. If you transfer money to another Apple Pay user from a debit card linked to Apple Pay, there is no fee.

How safe is Apple wallet?

Apple Pay is a very secure way to make payments. That’s because your card numbers are not stored on your device and are never shared by Apple Pay or sent with your payment. Instead Apple Pay gives you a unique Device Account Number that’s encrypted and stored in a secure part of your iPhone, iPad or Apple Watch.