How does Apple Pay work?

Apple Pay works in stores in much the same way as contactless card payments work. Once you’ve added your credit or debit card to your wallet, you can hold your device near the payment terminal and near field communication technology in the terminal and your phone will mean the payment system can detect your device.

Can I use Apple Card with Apple Pay?

Use Apple Card with Apple Pay and get 2% Daily Cash back on every purchase. Learn more about Apple Card or cash. of websites and apps. online with Apple Pay. and set. Just go. Setup in seconds. Apple Pay is simple to set up. Just add your credit or debit card to the Wallet app on your iPhone and you’re ready to go.

Does Apple Pay charge a fee?

Basically, Apple Pay allows you to use your credit or debit card more conveniently - but any fees applied by your card network or issuer will still apply. That means that if your card issuer charges a cash advance fee, or a foreign transaction fee for example, these will still apply when you use your card through Apple Pay.

How much money does Apple Pay make a year?

But for a company of Apple’s size, the revenue generated from Apple Pay, while certainly helpful, is a drop in the ocean compared to the revenue generated from its iPhone or AirPods business. Apple makes around 15 cents per every $100 spent via Apple Pay.