Apple Pay Cards
Apple is the latest corporate giant to cash in on prepaid cards where this week they launched Apple Pay in the U.S. on Monday. Just like Apple to do it right they from the start have most of the banks working with them in the USA. Compare Prepaid was informed that some banks may not be showing up but they are rolling through the whole list of banks and payment institutions in the country so if your bank does not appear on Apple Pay then check back with Apple soon, as they are working hard to offer increased support.
Here is a list of some of the banks and financial institutions there will be around 500 banks in total supporting Apple Pay
American Express, Capital One, Bank of America, Chase, Citi, J.P. Morgan, Merrill Lynch, U.S. Trust and Wells Fargo.
Apple have stated that setting up an account and using Apple Pay is simple as using paypal. Here is some more information about Apple Pay.
If you are undecided as to whether you should try out Apple pay there are a few things you should know.
Setting up Apple Pay is easy using a simple step guide. Payment gateways and retailers that support the new payment service are currently train employees to answer any questions or concerns.
Using Apple Pay is safer and simple to use rather than contactless cards, although if you need to get a refund through the system, the process may take a little longer as than scheduled but you have the benefit of making in-app purchases are limited at this time.
While Apple Pay is only available in the U.S at the moment it is considered that it may be some time before going international where we suspect the UK will be the next target market as we have heard that some U.S.bank cards have worked outside the States.