Apple Pay Is Secure, Simple And Private
Paying in stores or within apps has never been easier or safer. With Apple Pay, gone are the days of searching for your wallet. The wasted moments finding the right card. Now you can use most of your payment cards with just a touch.
Apple Pay is simple to use and works with the cards you already have on the devices you use every day. And because your card details are never shared when you use it, in fact, they aren’t stored on your device at all — using Apple Pay on your iPhone, Apple Watch or iPad is the safer and more private way to pay.
What is Apple Pay?
It is a mobile wallet that takes advantage of NFC (Near-Field-Communication) technology, also known as “Tap and Go” or “Tap & Pay”. It allows consumers with iPhones to “load” their various credit cards into their phone. When ready to make a purchase, they open the wallet app and tap their phone against the credit card reader.
Are There Any Limits To Using Apple Pay?
In Canada there are some limitations:
How Much Does It Cost To Accept Apple Pay?
Transactions are handled using the traditional interchange rates associated with the customer’s credit card. There are no additional fees to the merchant.
How Do You Accept Apple Pay?
As long as your terminal supports NFC, your business will be able to accept Apple Pay transactions. As a merchant, all you need is a terminal that supports NFC. First Data’s terminals now support near-field payments, and merchants are able to automatically accept Apple Pay through these terminals. Transactions work the same way as existing Tap & Pay cards such as MasterCard’s PayPass and Visa’s PayWave. There is no need for any special request when you open your First Data merchant account.
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