Quick Answer: Is Apple Pay A Good Idea?

What are the benefits of Apple Pay?

Apple Pay is easy and works with the Apple devices you use every day.

You can make contactless, secure purchases in stores, in apps, and on the web.

And you can send and receive money from friends and family right in Messages.

Apple Pay is a safer way to pay, and even simpler than using your physical card..

What is the safest way to pay online?

Online shopping safety tipsResearch retailers online to make sure they’re legitimate.Make sure the website is secure.Know your rights and the company’s returns policy.Keep software and virus protection up-to-date and use strong passwords for online accounts.Don’t use public Wi-Fi. … Pay using a credit card. … Be smart.

Is there Buyer Protection with Apple pay?

Apple Pay transactions are also a matter between the merchant, you and your card issue. The service does not offer buyer protection policy. … Or buying it through a third-party marketplace (such as eBay) that offers a buyer protection policy.

Can you reverse an Apple pay transaction?

Open Messages and go to the payment. Or go to the payment in transaction history. Tap the payment to see its details, then check the Status field. Tap Cancel Payment.

What banks does Apple pay support?

Apple Pay adoption is widespread For example, in addition to the new Apple Card, all 10 of the country’s top credit card issuers now support Apple Pay, including Bank of America, Chase, Citi, American Express, Discover, Capital One, Wells Fargo, U.S. Bank, Synchrony Bank and Barclaycard.

What is the transaction fee for Apple pay?

1%The transaction fee is 1% of the transferred amount, subject to certain minimums and maximums.

Do you get charged extra for using Apple Pay?

There is no transaction fee to the user, but there is one to the merchant, just like with credit cards. The extra you were charged was something that the vending machine provider opted to charge to you for using Apple Pay. … Apple pay does not charge additional fees.

Is Apple pay good to use?

Why Apple Pay Is More Secure Than Using a Physical Card. Trusting technology can be scary, especially if you’re accustomed to a certain process. But using Apple Pay can protect your credit card information in ways that using the card can’t. It requires extra verification.

Can you get scammed on Apple pay?

When you send or receive money with Apple Pay, it’s just like any other private transaction between two people. And just like with other types of payments, there are some precautions you can take to avoid scams. … If you receive a payment request from someone you don’t know, you can tap Report Junk under the message.

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.

Can Apple pay be traced?

The company does not track, log, or watch what you’re buying with Apple Pay, or where you’re using it. Nobody can trace the transaction information back to you.

Can I put my debit card on Apple pay?

Thankfully, adding a debit card to Apple Pay and using it is easy. … Now open the Messages app, choose the iMessage App Store icon to get the app drawer, and then select the Apple Pay icon. Enter the amount you want to send, hit the Pay button, and then hit the send up arrow to see the prompt to select a card.

Does Apple pay charge a fee to transfer money to your bank account?

A 1 percent fee (with a minimum fee of $0.25 and a maximum fee of $10) is deducted from the amount of each Instant Transfer. … When you aren’t using Instant Transfer, there are no fees to transfer your money from Apple Cash to your bank account. Enter your bank information carefully.