Small Business
The Pros and Cons of the new Apple Pay Mobile Payment System
Apple Pay is the technology giant’s entrant into the emerging world of virtual wallets and is now available on the iPhone 6, iPhone 6 Plus, iPad Air 2, iPad mini 3 as well as the forthcoming Apple Watch. With it, users can enter their credit card ...
Oct. 20, 2014
The latest innovation out of Cupertino, California is here: Apple Pay.
Apple Pay is the technology giant’s entrant into the emerging world of virtual wallets and is now available on the iPhone 6, iPhone 6 Plus, iPad Air 2, iPad mini 3 as well as the forthcoming Apple Watch. With it, users can enter their credit card information into their devices or iTunes accounts and then use the devices to securely make purchases either online or at the point of sale.
As things currently stand, Apple Pay is accepted at 220,000 brick-and-mortar stores across the United States, including locations of mega-retailers like Whole Foods, Macy’s, McDonald’s, Chevron and Subway. All in all, it can be used with 35 retail brands in person and 23 store brands online. Apple Pay can also be used to make purchases through 18 apps, including Uber, Lyft, OpenTable and Airbnb.
With that being said, there are still bound to be countless questions about this new payment technology, and we’ll do our best to answer them below.
Read more about how the new Apple Pay works, the Pros and Cons and the competitors to Apple Pay, at CardHub, which did a comprehensive review of the system.