Apple Pay functions as an intermediary between your credit card (or other approved payment provider) and the recipient. By using Apple Pay, you do not need to share credit card information with the recipient – only with Apple. Another benefit is that you can use your smartphone to verify the transaction, by using the phone´s TouchID or FaceID.
Apple Pay can be used to fund your accounts online, such as your online casino accounts and your CFD broker account, forex broker account, stock investment account, etc. The downside is that you can not use Apple Pay to take money out of these accounts, since Apple Pay is for payments only.
Using Apple Pay in an online casino
There are online casinos that accept Apple Pay, but as stated above, it can only be used for deposits – not for withdrawals. You will need to use an alternative method when you need to make a withdrawal, and this can in turn require additional ID verification since casinos have a tendency to scrutinize withdrawal requests where the withdrawal method does not match the deposit method. (This is to prevent fraud.)
Examples of online casinos where you can use Apple Pay for your deposits:
Making a casino deposit with Apple Pay
1.) Make sure you are logged into your casino account.
2.) Go to the banking section.
3.) Select deposits, and then select Apple Pay as the deposit method.
4.) Follow the on-screen instructions. You will be required to enter the amount.
5.) Verify the transaction, e.g. by using Apple ID and Touch ID on your Apple mobile device.
6.) Once the verification is completed, the transfer will take place quickly.
What does it cost?
Apple Pay does not charge you a transaction fee, which is a big plus. Getting and using the app is free.
Important: You will still need to pay any fees levied by your credit card provider and the online casino. Find out in advance to avoid unpleasant surprises.
Pros and Cons of using Apple Pay in online casinos
If you have a (sufficiently modern) Apple device, using Apple Pay is quick and convenient. Instead of sharing your credit card info with every online casino you wish to try, you will only share this sensitive information with Apple. Each Apple Pay transaction has its own encryption. Also, you benefit from the two-factor authentication solution available through the Apple device. If you mobile device gets stolen, the two-factor authentication requirement greatly reduces the risk of illegal transactions.
A big downside with Apple Pay is that you can only use it for deposits, not for withdrawals.
Apple Pay is not a standalone payment solution – it must be combined with something else, such as a credit card.
Does Apple Pay only work on Apple devices?
Yes, you need a device running iOS 10 or later to use Apple Pay.
How to start using Apple Pay
If you have an Apple device that is modern enough to use Apple Pay, the Apple Pay app was probably installed by the manufacturer. If not, go to Apple App Store and download it.
Open the Apple Pay app and follow the on-screen instructions to add one or several credit cards. You can not use Apple Pay until the card issuer has verified and approved the addition.
The standard Apple Customer Support will help with issues regarding Apple Pay.
About Apple Pay
Apple Pay was founded in 2014.
At the time of writing, participating banks and credit card issuers are found in the following places:
- The Americas: Canada, United States, Brazil
- Asia: China, Hong Kong, Japan, Singapore, Taiwan, United Arab Emirates
- Oceania: Australia, New Zealand
- Europe: Denmark, Finland, France, Guernsey, Ireland, Isle of Man, Italy, Jersey, Monaco, Norway, Poland, Russia, San Marino, Spain, Sweden, Switzerland, Ukraine, United Kingdom, Vatican City