How to Use Apple Pay: How It Works & How to Set It Up
How to Use Apple Pay
Smartphones have evolved from mere communication devices to become the center of our modern lives. And now, it’s even possible to pay for everyday purchases with your mobile phone.
And with millions of users in the U.S. alone, Apple is leading the contactless payment revolution with its platform, Apple Pay.
In this article, we’ll talk about how to pay with Apple Pay, the benefits for your business and customers, and how to set it up for your business.
What is Apple Pay?
Apple Pay is the mobile wallet and payment system for various Apple iOS devices like iPhone and Apple Watch. In a nutshell, it allows you to make payments using your iPhone at select establishments without the need to take out your wallet or credit card.
Here’s how Apple Pay works—it’s very much like a digital extension of your wallet. It’s made up of two components.
- The first is Apple Wallet. It’s a repository that stores all of your credit cards. Whenever you use it, it pulls the credit card information it has on store to make cardless transactions online or at Apple Pay-enabled contactless terminals.
- The second component is Apple Pay Cash, a peer-to-peer service that allows you to send and receive money, similar to Paypal. You can use it, for example, to pay your roommate for your share of the rent.
Apple Pay was introduced back in 2015, first seen in the iPhone 6. All iOS devices released after this can support Apple Pay and mobile payments. This includes the Apple Watch, iPad Air 2, iPad Pro, iPad Mini 3, and iPad Mini 4
Don’t confuse Apple Pay with Apple Card, which is another payment service by Apple. The latter is yet another credit card released by Apple in cooperation with Goldman Sachs. It’s specifically designed to integrate with Apple Pay, but the card is not a requirement to use the digital wallet service.
Where Can Apple Pay Be Used?
Compared to other competing mobile wallets like Google Pay, Apple Pay has become one of the more mainstream mobile payment systems available. It’s accepted in one of every store in America. Most large retailers like Whole Foods and Walgreens all allow customers to use Apple Pay at checkout. You can even use Apple Pay at the New York City Subway in selection stations.
Apple maintains a list of retailers on its website that support Apple Pay, which you can refer to for your convenience. You can also use Apple Maps to scan for the stores in your area that accept Apple Pay.
Businesses that support Apple Pay will usually have an NFC-enabled terminal. NFC stands for Near Field Communication, and it refers to the technology behind contactless payments. All you need is to tap your iPhone near the NFC reader when it lights up. It takes seconds for the payment information to get transmitted and the transaction completed.
Of course, you can also use Apple Pay to make purchases online. Most apps in the App Store will have Apple Pay enabled. It takes the unnecessary step of entering your credit card information out of the equation. All you need is to do a fingerprint scan using Touch ID (if you have it enabled) to make purchases. Apple Pay works across all your devices, including Macbooks and iMacs.
How to Set Up Apple Pay on Your Apple Device
Here’s how to use Apple Pay in your iOS device:
- First, you need to enable it. The process will be similar across devices, thanks to how uniform iOS is. Make sure you have the latest version of iOS installed in your device. You also need to be signed in using your Apple ID.
- Next, open the Wallet app and tap the “+” sign in the upper right-hand corner of the screen. This allows you to add your credit card information. You can then enter your data manually, or simply scan it using the phone’s camera.
- Your bank will probably require extra steps to authorize your card with Apple Pay. Simply follow any texts or emails you may receive. Once enabled, you’re now free to use that card with Apple Pay.
We recommend going over your Wallet settings (Settings -> Wallet & Apple Pay). This allows you to set which your default card is if you have multiple ones registered.
Is Apple Pay Secure?
Despite being very straightforward to use, Apple Pay has a host of technologies in the background that make it very secure and safe. In fact, it’s much more secure than using your physical card itself. If you’ve ever wondered how to use Apple Pay and keep your data safe at the same time, there’s no need to worry.
Traditionally, credit cards use a magnetic stripe to store sensitive data like your card number. The problem is that this data is completely vulnerable. Once hackers read this magnetic stripe, they’ll be able to get your card number and use your card.
Apple Pay stores your credit card information in a different way. Whenever you enter your credit card, debit card, or bank information on your iPhone, Apple Pay doesn’t store it in your device itself. Instead, it uses a Device Account Number: an encrypted code that corresponds to your card details.
When you use Apple Pay to pay for something, your iPhone doesn’t share any of your bank details with that merchant. Instead, it uses that code. This number, by itself, is randomly generated and means nothing. So should thieves intercept or hack this code in any way, they won’t be able to use it.
What’s more, every iOS device with Apple Pay requires the use of Touch ID. This is a security system that utilizes your fingerprint scan to authorize your device to make payments. This is very secure since your prints are unique and impossible to replicate. It also ensures that every transaction through Apple Pay is authorized by you, and no one else.
Finally, NFC technology enables Apple Pay to be a contactless method of payment. You don’t need to physically swipe your card or EMV chip into the machine, which is vulnerable from card skimming scams. It’s safe, and transactions take seconds to process.
Apple Pay Advantages
Using Apple Pay gives you plenty of benefits over traditional credit cards or even the newer EMV chips. Here are a few good reasons:
Compared to EMV and credit cards, Apple Pay takes seconds to process. You all know how slow it is to make swipes using a traditional card, which requires making contact with the server and verifying transactions. EMV is a drastic improvement but is nowhere near as fast as the NFC technology behind Apple Pay.
That’s because Apple Pay uses NFC, which in turn uses radio waves to send payment data. You don’t even need to wake up your iPhone to be able to pay. Simply tap, and your device will ask for verification and complete the transaction.
As we’ve discussed in the previous section, Apple Pay is one of the most secure mobile payments available today. There are similar mobile pay apps out there like Samsung Pay and Google Pay, but Apple Pay capitalizes on the already robust security features of iOS devices to make it even better.
Your card data is also hack-proof whenever you use Apple Pay. It’s not only that thieves can’t get your data, but even if they did, they wouldn’t be able to use that information.
Using Apple Pay is certainly more convenient than getting your wallet, fumbling over the right card, and handing it over to the cashier. Chances are that you already have your smartphone with you at all times, so making payments is effortless on your part.
What’s more, Apple Pay is already built-in to your iPhone, so there’s no need to buy any additional equipment or subscribe to a service.
It’s great for traveling
When you travel to a country that supports contactless payments, it will be very convenient for you. You don’t need to deal with exchange rates or going to the country’s local bank. You can pay straight with Apple Pay just as you would in your home country. Apple Pay is widely supported, so there’s a good chance your destination country will allow you to use it in many of their establishments.
How to Set Up Apple Pay For Your Business
Innovative platforms like Revel Systems allow seamless integration with Apple Pay when paired with a payment provider that accepts Apple Pay. It allows your customers to send payment data from their iPhone directly to the Revel POS using NFC technology. If you already use a Revel POS system, no need to buy additional peripherals or terminals.
Still wondering how to use Apple Pay for your business? Contact us today, and we’ll guide you through how our innovative iPad POS system gives your customers the freedom to choose their preferred payment method. Schedule your free demo today.