Have ever thought about the difference between Apple Cash and Apple Pay? Many of you might think they both are same thing but let me assure you they are not. There are certain changes that you should know while using any one of these. Let me educate you on the topic Apple cash and Apply pa and tell you the difference between both of them. Let’s get started.
What is Apple Pay?
Apple Pay is kind of like a digital wallet specially for iOS devices. It allows users to make payments through their iOS devices. It works both online and in store as well. By using NFC technology you can easily initial contactless payment without having to use any cash or card. It is also the most secure method of making payments in store as well as online. However, note that Apple pay is compatible only with iOS devices such as Apple Watch, iPhone, iPad, and Mac.
What is Apple Cash?
Apple cash is a digital payment service that allows users to send, receive, and request payments directly through messages app or the wallet app. It is like a digital card that stays in your Apple Wallet app. Infact you can easily transfer money to your peers with Apple cash service. Not just to your friends, and family you can even transfer it to your bank account or your debit card.
How does Apple Pay work?
Apple pay totally relies on the digital wallet that you store on our iOS device by adding your debit or credit card in your wallet app. By simply scanning the NFC reader from your devices camera, you will initiate the payment that is to be made to the merchant. Apple pay is not just limited to the physical store, you can also make payment for online purchases. Keep in mind that Apple pay will only work if the merchant offers it and is compatible with your device.
How does Apple Cash work?
Apple cash is like a digital card that stays in your wallet app on your iPhone. It is kind of like a prepaid debit card, where you pay the money before hand and they spend it whenever you feel like spending. You can use the stored apple cash in your wallet app and transfer it to your friends or family or to a merchant for some services. You can even transfer it to your bank account whenever you want.
Where can you use Apple Pay?
Apple pay can be used at millions of physical store worldwide only if they accept payments through apple pay. Apple pay can also be used to purchase something withing the apps and online in safari. There are even some countries where you can use Apple Pay for transit as well. The one feature of Apple pay that works only in united states is that you can use it to make payments to participating businesses in message apple on your iPhone.
Where can you use Apple Cash?
Since apple cash is specially designed for person to person transaction of sending and receiving money online. It is convenient to use when you have to split the bills between your peers, repay loans, etc. You can use it to make purchases at locations that accept Visa and support Apple Pay. You can also easily do transaction between bank accounts as well.
What is the difference between Apple Pay and Apple Cash?
To give you a better view on apple pay and apple cash here is a table showing difference between apple pay and apple cash.
| Apple Pay | Apple Cash | |
| Purpose | Contactless payment method to merchants | Digital card for sending and receiving money to peers |
| Usage | Make secure transactions using Apple Cash and any debit or credit card added to Wallet | Send and receive money in Messages or Wallet, spend anywhere that accepts Apple Pay |
| Authentication | Face ID, Touch ID, or a secure passcode | Face ID, Touch ID, or a secure passcode |
| PIN | Some terminals may require a PIN to complete transactions | No PIN required, but some terminals may still require a four-digit code |
| Transfer to bank account | Not available | Available |
| Payment source | Debit or credit card added to Wallet | Apple Cash balance or debit card added to Wallet |
| Payment method | Contactless payment at merchants | Messages or Wallet app |
Until next time, with another topic. Till then, Toodles.