Security Guide to Accept Apple Pay for Business, Use Apple Pay

Let’s face it, you, me, and the rest of the United States, especially people who are part of the millennial generation have a reputation for being glued to our smartphones. The iPhone has consistently been the smartphone of choice; per Q2 of this year the iPhone held 46 percent US smartphone market share.

If you are located in NJ or NYC like I am or your customers are, we have a reputation for moving quickly and not having much patience (ie. to wait in line for slow payment terminals to process payments). Plus, there are the morning jogs through Central Park or weekends walking the dog around Jersey City that make carrying a physical wallet a hassle. There have been so many times I went for a walk without bringing a physical wallet only to end up wanting something to drink or seeing a store that I liked that I could not make a purchase from at that time. I bet some of your customers can relate to this. But, location does not matter – consumers as a whole want convenience.

Cue the digital wallet. With the digital wallet on iPhone, as consumers we all can use Apple Pay and as a merchant you can accept Apple Pay as a form of payment for your products and services. When it comes to digital wallets and near field communication on iPhone or NFC payments in general, security sometimes comes in question. You may be wondering how secure is it to accept Apple Pay and deliver Apple Pay? In this guide, we review Apple Pay security.

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Accept Apple Pay: Security for Merchants and Consumers

Apple Pay is more secure than traditional credit cards, debit cards, and prepared cards. The following highlights from Apple speak to Apple Pay’s security.

  • Every transaction on your customer’s iPhone or iPad requires Face ID, Touch ID, or a passcode.
  • Each time your customer takes their Apple Watch off their wrist, the passcode must be entered to access it.
  • You don’t receive your customers’ actual credit or debit card numbers, so you aren’t handling actual credit or debit card numbers in your systems when customers pay with Apple Pay.
  • Credit card processing and other types of card numbers are never shared by Apple with merchants.
  • Purchases are private.
  • When consumers add a card to Apple Pay using a third-party app such as a banking app, the app sends an account or card identifier to their device.
apple pay transaction approved

Apple Pay transaction approved, image by Apple

Accept Apple Pay: Frequently Questions and Answers

Accepting Apple Pay for business is a seamless and simple process to get started with when you work with a payment processing company such as Priority Payments Local. To help you get more familiar with the solution and process, we’ve put together some frequently asked questions.

How can I accept Apple Pay for my business?

The short answer: You’ll need to work with a payment processing company that offers this service along with fintech that is compatible with Apple Pay. From there, a good credit card processing company payment processor will take the lead to get you set up so that you can accept Apple Pay quickly and easily.

Details of what you need to accept Apple Pay include:

  • A merchant account provider or Independent Sales Organizations (called an ISO for short)
  • A payment processor. Your payment processor and merchant account provider may be one in the same. For example, large volume or multi-location merchants are usually served by direct sales forces of the payment processor.
  • A merchant account number or merchant ID also known as a MID that your payment processor provides.

Not Accepting Cards? Go Here

Accepting Cards? Go Here

Can I accept Apple Pay with my existing fintech?

That depends. United States based merchants: if you accept Visa, MasterCard, American Express, Discover, and contactless payments today, it’s likely you are able to accept Apple Pay for those networks without any changes. If you’re not already accepting contactless payments, contact your payment provider to make sure that your point-of-sale setup can accept Apple Pay, then ask them to enable it.

How will my customers know that I accept Apple Pay?

Let your customers know that a form of payment you accept is Apple Pay by showing Apple Pay’s symbols online and/or in your store. The following resources are available.

  • Apple Pay symbols for your region and the Apple Pay mark that you display on your point of sale system or payment terminal machine.
  • The Apple Pay mark that you can use within your email marketing, your fintech screen, and on your company website.
  • Apple Pay decals that you can apply to your storefront window and register.
  • Apple Maps Connect to notify your customers who are traveling.
  • Apple Pay for developers to let your customers know they can order with Apple Pay within your app or on your website.
apple pay symbols

How can my customers get started using Apple Pay?

They will need to set it up on their phone – a process that is quick and easy. What they need to know about setting up Apple Pay:

  • They need to have an eligible device such as:
    • An iPhone model that has Face ID or Touch ID (except for iPhone 5s).
    • iPad Pro, iPad Air, and iPad mini models that have Touch ID or Face ID.
    • Apple Watch Series 1, 2, and later or Apple Watch 1st generation.
    • A Mac model that has Touch ID or a Mac model that was introduced in 2012 or later with an Apple Pay-enabled iPhone or Apple Watch.
  • They need to have an eligible card such as a credit card or debit card that was issued by participating card brands.
  • Having the latest version of iOS, watchOS, or macOS is a must.
  • An Apple ID that’s signed into iCloud also applies.
  • Apple Pay needs to be manually added through the wallet as shown in the video below.

Priority Payments Local is proud to offer Apple Pay fintech and payment processing services to companies that are located within the United States. Contact us for additional information or to get started with accepting Apple Pay for your business.

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