Is Apple Pay free?

No fee is charged by Apple for sending, receiving and requesting money using Apple Pay. However, the free Apple Pay service is not the quickest option for make currency transfers.

How much is Apple Pay for instant money transfers?

There is a 1% fee for sending money using Apple Pay when you need to transfer money instantly. There are also minimum and maximum fees charged. The minimum fee is $0.25 and $10 maximum fee using Apply Pay.

How does Apple Pay work?

Customers using Apple Pay can connect credit cards, debit cards and bank accounts. Once connected you can use your phone to make purchases in stores anywhere that accept the payment method stored on your phone, without the need to have the actual credit card, debit card or bank account details with you. You can also pay online using Apple Pay, as well as send money simply and easily to friends and family. Millions of shops, restaurants, entertainment venues and more use Apple Pay to accept payment.

Near Field Communications (NFC) is used to encrypt the account details at the time of using the card in a shop.

You can use Apple Pay to store up to 12 credit or debit cards to your Apple iPhone. Apple Pay is also compatible with the latest editions of Apple Watch.

What is the Apple Wallet?

The Apple Wallet is the place where you store up to 12 credit cards or debits cards on your phone. Payments are encrypted.

Which countries accept Apple Pay on my iPhone?

33 countries worldwide accept Apple Pay including European countries, USA, Canada, UK, Australia, New Zealand, Russia, China and Hong Kong.

Can I send money in a foreign currency using Apple Pay?

Whether you are using your Apple Pay service at home or abroad, Apple will charge no fees for using Apple Pay. Your linked credit card, debit card or bank account may charge fees and many will do when abroad.

Can I use Apple Pay on holiday?

If you plan to use Apple Pay on holiday abroad, you may need to advise your credit card issuer to inform them of your travel plans. Some customers using Apple Pay abroad have found that their card issuer blocks the use of the card when they attempt to use it abroad with Apple Pay.

Is Apple Pay secure and safe to use on my iPhone to make payments?

You will need to make sure your phone has a password, face recognition or fingerprint recognition to access it to stop others from using your payment cards stored on your phone should the phone be stolen. The technology used is called Near Field Communication (NFC) and this technology is safe to use and may be safer than other options such as carrying the actual card with you because NFC cannot be ‘skimmed’ to make payments.

An alternative is moneycorp, which has money transfers available for sending money to over 100 countries. Signing up is free with no obligation to transfer currency with moneycorp.

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