What Is Apple Pay?
Apple Pay, which debuted in 2014, has evolved into a full-fledged online and offline mechanism for transferring cash and making payments. Apple Pay’s user interface acts as a bridge between customers’ credit cards and online and offline payments at physical stores. Its popularity has soared thanks to its impressive features, including the two-factor authentication system, Touch ID, and Face ID.
For online payments, the system requires an Apple device that satisfies the system requirements for iOS or an Apple computer that supports Apple Pay and a compatible credit or debit card from participating card issuers such as Visa, Maestro, and MasterCard. When making online payments, simplicity, security, and speed should all be priorities. Apple Pay fulfils all of these requirements. Apple Pay, unlike bank transfers and eChecks, does not require you to wait long.
Credit and debit cards have always been popular with punters for fast payments because they are simple to use; however, you must enter your bank account or card information to complete your transaction. Your financial information is then stored on a betting site raises several questions around security, which is why Apple Pay is an instant hit; your financial information is never stored on the betting site.
Using Apple Pay for Online Gambling
Using Apple Pay for online gambling is straightforward and easy to do, which is one of the reasons it has taken off so well. The first step is to sync your Apple Wallet with your card (it goes without saying that this is only available for iPhone users). After that, simply log into your bookmaker using your phone or Apple Laptop where you can deposit as much money as the limit permits.
The funds should appear in your account nearly immediately, ready to be wagered on any sport you choose.
Why Is Apple Pay So Popular With Punters?
Like many other Apple goods, Apple Pay is becoming increasingly popular and having your card linked to your mobile device means if you forget your card, you can still pay for things contactless. You may use it to finance your online betting account as well as at stores, petrol stations, take-out restaurants, and a variety of other physical locations.
Aside from that, there are several advantages to utilising Apple Pay to finance your online sportsbook or casino account. The biggest reason is the convenience of paying with Apple Pay. Most bets are placed these days on a mobile device, so having your payment method and betting account on the same device makes it easier than ever.
You may make a payment in a matter of seconds if you deposit with your Apple iPhone. All you have to do is scan your fingerprint or use face recognition to authenticate your online purchase. Your Apple Pay deposit is immediate, allowing you to gamble immediately after loading up your online betting account.
There are no costs to pay, which is always a plus, and one of the reasons so many people are beginning to use Apple Pay. You won’t have to pay any further fees if you use Apple Pay to fund your bookmaker account.
Is It Secure?
When it comes to betting, two factors must be kept in mind. The first consideration is legality, and the second is security. If you are using the Apple Pay service, you may take comfort in the fact that everything is completely within the bounds of the law, and Apple takes extra care to ensure the protection of its users.
Many factors protect Apple Pay transactions. Your credit card information is never shared with third parties, such as online casinos or sportsbooks. Even if your Apple device is stolen or misplaced, the system uses two-factor authentication to limit the risk of fraud.
This also means that none of your credit card information will be stored on the betting site you are gambling with, providing you total peace of mind in whatever you do.
As Apple Pay is a financial payment service, it is governed by the Financial Conduct Authority, which ensures that everything is done correctly. Second, everything you do with Apple Pay is encrypted, which means that only you have access to what you’re doing.
Apple Pay also has a Touch ID and Face ID feature that makes it completely secure. You may authenticate a payment using your fingerprint or your face, and you’ll be able to block your phone if it is ever stolen.
Advantages of Gambling With Apple Pay
Easy and uncomplicated payments delivered quickly are among the primary advantages and benefits of utilising Apple Pay at online betting sites. As a result, Apple Pay is currently accepted in more countries and by more merchants than ever, and the list is growing.
Quick To Use
When it comes to depositing money into a number of different betting accounts, one of the most crucial factors to consider is the speed with which you can do it. Apple Pay is one of the fastest payment methods available, thanks to its unique platform, which incorporates the usage of the amazing Touch ID and Face ID technology. Now you’ll never need to remember your password or card details again.
Using Apple Pay is far faster than using a credit or debit card. It’s also why playing online bingo with Apple Pay is also becoming popular.
Linked To Your Phone
People who wish to place a few bets while doing other things will benefit from betting on the move. This job is now easier than ever before due to Apple Pay. You can quickly access your betting app and deposit with your one-touch ID with only a few taps.
When you use Apple Pay to make a deposit or to fund your gambling account on a website using a browser like Safari on your iPhone, iPad, or Mac, you won’t have to remember your login details because many betting sites us Touch ID and Face ID to permit you to login.
Low Cost
Apple Pay accepting online casinos and sportsbooks do not charge fees for making deposits using this payment method, and the Apple Pay system is free to use for mobile payments. Betting sites that accept Apple Pay do not charge fees for deposits; however, it is important to remember that Apple Pay acts as a bridge between your card and an online betting site; as a result, users are still subject to underlying banking fees imposed by credit card companies such as Visa and MasterCard.
Bonus Friendly
If you enjoy claiming a free bet from a bookie or a sports betting site that has casino games you can play, then you will be aware that some online casino sites and online sports betting sites exclude certain payment methods from their bonuses.
Because Apple Pay uses your debit card then there are no bonus exclusions for using this payment method.
Disadvantages of Gambling With Apple Pay
There are of course some downsides to using Apple Pay to make deposits on sportsbook websites.
Not Widely Accepted
When you first start betting, you realise how important it is to have numerous accounts. In contrast to other payment systems, here is where Apple Pay truly falls short. It just isn’t as widely accepted as other payment options so you are still going to have to use another payment method regularly.
No Withdrawals
Usually, while depositing is an important element of the betting process, it is useless if you cannot withdraw your winnings. Unfortunately, Apple Pay isn’t allowed for withdrawals as of right now. As a result, to get the complete betting experience, you’ll need to link it to another payment method.
Alternatives To Apple Pay
We tried to demonstrate the benefits of Apple Pay in this guide, but it doesn’t matter if they don’t meet your expectations. The wonderful thing about online betting is that you may utilise various payment methods, including other digital wallet services.
If you use Apple Pay to make a deposit, you’ll need to pair it with another payment method, such as PayPal or Skrill, because you can’t withdraw via Apple Pay.
Frequently Asked Questions
Are Apple Pay Betting Sites Legal?
Yes, as long as the Apple Pay betting site holds a Gambling Commission license.
Are There Any Alternatives to Apple Pay Betting Sites?
There are several alternatives to Apple Pay betting sites to choose from, including Skrill, PayPal & Neteller which, are some of the most popular ones.
Can I Withdraw My Winnings to My Apple Pay Account?
You can’t transfer money from an online bookmaker to Apple Pay. You will need another payment method that supports withdrawals.
Are There Any Fees Depositing With Apple Pay?
Adding or reloading funds to your Apple Pay card has no related costs. Some betting sites impose a modest fee for using any form of deposit; the fees with be displayed in the Cashier section of the site. Therefore, it’s important to double-check the website’s terms and conditions. There are no costs for using your credit or debit card to add cash or for using prepaid cards.