I. Introduction
Are you tired of using complex payment methods and dealing with excessive transfer charges? Are you looking for a more secure and user-friendly platform to send money? Then look no further, Apple Pay is your solution! This article is aimed to help you through the complex process of sending money via Apple Pay. Here, we have presented a beginner’s guide to send money via Apple Pay, provided you with reasons why you should opt for Apple Pay as your primary payment method, compared Apple Pay with other payment methods, and tips on how to save money and stay safe whilst sending money via Apple Pay.
II. A Beginner’s Guide to Sending Money with Apple Pay
Setting up Apple Pay is a straightforward process. Here are the steps:
Step 1:
Head over to the Settings app on your device and swipe down until you find Wallet & Apple Pay. Tap on it and select Add Credit or Debit Card.
Step 2:
Enter your card details manually or use your camera to scan them. Verify the details and click on Next.
Step 3:
You will receive a confirmation message with instructions on how to activate the card. Once activated, a blue tick will appear next to it, and you’re set to begin sending money!
Step 4:
To send money to a friend or family member, head to the Messages App and select the person you want to send money to or create a new message thread. Click on the Apple Pay icon on the messages keyboard and select the amount of money you want to send.
Step 5:
Confirm payment and verify with Touch ID, Face ID, or a passcode.
If you encounter any problems during the setup process, go to your device’s settings and check if Apple Pay has been enabled. Additionally, make sure that your device is running on the latest version of iOS or MacOS. If the issues persist, you can contact Apple support for further assistance.
III. 5 Reasons Why You Should Use Apple Pay to Send Money
If you’re unsure whether to opt for Apple Pay to send money or not, here are some reasons why it’s worth considering:
1. Increased Security Features:
Apple Pay offers a high level of security to its users. Whenever you send money via Apple Pay, your credit card information is encrypted and stored in a secure enclave on your device. A unique Device Account Number is created, which is used to process transactions instead of your actual credit card number. Moreover, your identity is also safeguarded as Apple Pay does not store any transaction data that can be traced back to you.
2. Speedy Transactions and Convenience of integration with personal devices:
Sending money with Apple Pay is a convenient and faster option compared to other payment methods. With just a few taps on your iPhone or Watch, you can send or receive money easily. You can even use Siri to send money to someone. Additionally, you can see your transaction history on the Wallet app, and manage your funds all in one place.
3. Any Rewards or Incentives:
Apple Pay offers various rewards and incentives to users who use their payment platform. Many banks offer cash back rewards or discounts when customers use Apple Pay to make purchases, which can be a huge financial benefit.
IV. How to Send Money with Apple Pay: A Comparison
This section compares Apple Pay with other popular payment platforms like Venmo and PayPal. Here are a few points to consider when choosing your payment method:
1. Comparison of Fees:
When it comes to fees, Apple Pay and Venmo charge no transaction fees for debit card transactions and support for persona to persona transactions. However, if you opt for a credit card, then you will have to pay a standard processing fee. PayPal, on the other hand, charges a fee for most personal-to-personal transactions, thereby making Apple Pay and Venmo a more economical choice.
2. Speed of Transfer:
Compared to PayPal, which takes up to 3-5 business days to transfer funds from one account to another, both Apple Pay and Venmo are significantly faster options. The recipient can usually access their funds within 24 hours or less.
3. Ease of Use:
All three platforms – Apple Pay, Venmo, and PayPal, are user-friendly and easy to navigate. However, Apple Pay is the most convenient option as it is already integrated into iOS and can be accessed through the Messages app. Venmo and PayPal require downloading a separate app to create an account and send money.
V. How to Stay Safe When Sending Money with Apple Pay
Although Apple Pay already has substantial security measures in place, there are still some additional steps you can take to stay safe when sending money:
1. Safeguard Personal Information:
Be cautious while sharing personal information when making transactions. Make sure that the recipient is trustworthy, and avoid posting sensitive information on social media. Do not share your card details or device passcode with anyone.
2. Enable Two-Factor Authentication:
Two-factor authentication is one of the most effective ways to ensure added security when using Apple Pay. You can enable two-factor authentication by going to the Settings app on your device and selecting “Password & Security.” Here, you can choose between touch ID, Face ID, or passcode verification.
3. Avoid Public Wi-Fi:
While making a transaction, always use a secure Wi-Fi connection. Avoid public Wi-Fi networks, as it can increase the chances of hacking or interception of your sensitive information.
VI. How to Save Money Using Apple Pay to Send Money
Are you looking to save some money while sending money to your loved ones? Here are some tips:
1. Check for Discounts and Reward Programs:
Many banks offer various discounts or cashback incentives for customers who use Apple Pay to make their transactions. Look out for these programs and make use of them to save on the transaction costs.
2. Save on Fees:
If you’re transferring larger amounts of money, look for an alternative option that minimizes transaction fees. For smaller amounts, debit card transactions on platforms like Apple Pay and Venmo are free, allowing you to save money.
VII. Conclusion
Apple Pay has revolutionized the way we send and receive money. With its seamless integration with iOS devices, security features, and faster transaction speeds, Apple Pay is quickly becoming the go-to platform for sending money. We hope this article has helped guide you through the process of using Apple Pay to send money and provided you with valuable insight into Apple Pay’s benefits.
