I’ve been hearing a lot about Apple Pay lately. Should I use it to pay for my shopping? Is it safe?
In the oldschool world of banking, payment options were few: cash, check or credit card. Now, technologies have paved the way for a new era of payment capabilities that have shaken up the banking industry.Apple, with its revolutionary new payment interface, Apple Pay has given consumers another option at checkout: their phone (or watch, as it turns out.) Should you take advantage of this new payment method? What are the downsides?
How It Works:
Apple Pay users must first input their credit card information into the Wallet app. The app encrypts the data so no sensitive information is stored on the device or by Apple.
Brick-and-mortar purchases: When it is time to pay, users open the Wallet and hold their iPhone or Apple Watch near the contactless card reader. They must place their finger on the Touch ID button, holding it in place until ‘Done’ is displayed on the screen.
In-app: Merchants who have their own dedicated app might offer Apple Pay as a payment option. By clicking the Apple Pay button during checkout, users can quickly and easily complete their transaction.
Online: Apple Pay recently made the announcement that Apple Pay will be made available through eCommerce stores via Safari. When shopping with participating merchants, users can complete the checkout process with the click of a button.Benefits of Using Apple Pay:
For many, having everything you need stored securely in your phone is a dream come true. Ensuring that dream doesn’t turn into a nightmare, however, is another story.
If you have trouble with Apple Pay and process a purchase accidentally or experience other unauthorized transactions, contact eConsumer Services®. We can help you secure a refund quickly and easily—regardless of the payment method you use.