Is Apple Pay Safe?

Revolut Contributor

 · February 27, 2020  · 02/27/2020

It supports most of the world’s major debit and credit cards, it’s accepted by most major retailers both online and offline, and it’s designed to declutter your pockets and streamline your spending. But is Apple Pay safe to use?

The short answer is: Yes!

But don’t take our word for it. Let’s find out just how secure Apple Pay really is.

What is Apple Pay?

Launched in October 2014, Apple Pay is Apple’s mobile contactless payment service. It’s compatible with a whole host of Apple devices, including iPhones, iPads, Macs and the Apple Watch.

When it was first announced, Apple CEO Tim Cook suggested that the traditional card payment process was broken. The reliance on a plastic card’s vulnerable magnetic interface, exposed numbers, and insecure security codes had to change – and Apple had the answer.

The introduction of Apple Pay meant you could ditch your chunky physical wallet in favour of a nifty digital alternative, giving you access to major card issuers — such as American Express, Visa, and Mastercard — direct from your smartphone, smartwatch, or tablet.

Fast-forward six years and Apple Pay is now supported by multiple banks in almost 60 countries worldwide and used by over 400 million consumers.

So, Is Apple Pay Safe? How Secure is Apple Pay?

Very secure! Apple has left no stone unturned when it comes to protecting your money and your details.

Here’s what makes Apple Pay safe to use straight off the bat:

  • You need to set up a passcode on your Apple device to use Apple Pay. You can also employ two-factor identification, using facial recognition or a fingerprint to authorise transactions.
  • If you scan your card with the device’s camera to import the details into Apple Pay, the image of the card is not saved to your device, and nor is it saved in the iCloud.
  • If your card is approved on Apple Pay, your card issuer will create a unique and device-specific Device Account Number, encrypt it, and send it to Apple.
  • Apple cannot decrypt your Device Account Number, nor is it saved on Apple’s servers or backed up in the iCloud.
  • When you make a purchase using Apple Pay, the merchant does not receive your original card number. Instead, a unique encrypted code is created and sent to authorize a transaction.
  • Apple Pay does not store any purchase information that can be traced back to you.
  • If you suspect that your account has been compromised, you can disable Apple Pay via the iCloud. And if you lose your device, you can cancel Apple Pay by putting your device in Lost Mode in Find My iPhone.

Where is Apple Pay Safe to Use?

You can safely use Apple Pay wherever contactless payment is accepted. Bars, restaurants, cafes, retail stores, you name it. Many businesses have even stopped placing a limit on Apple Pay spending, meaning less time fumbling for cards and remembering PINs at the checkout.

You can also use Apple Pay to make purchases in the Safari browser, to buy apps in the App Store, and to securely transfer funds to your friends in the Messages app.

Just remember, to truly keep your money safe with Apple Pay, NEVER share your device’s passcode or your Apple ID password. And don’t allow anyone else to store their fingerprint within Apple Pay – even if you trust them.

Use Apple Pay with Revolut

Apple Pay is fully supported by Revolut, and it couldn’t be easier to get started.

  • To use Apple Pay with Revolut, simply open our app, tap the Cards tab, and tap “Add to Apple Wallet”.
  • To add your card to your Apple Watch, open the Apple Watch app on your iPhone and select “Wallet & Apple Pay”, then tap “Add Credit or Debit Card”.

Try Apple Pay today, and get in touch if you have any further questions.