July 25, 2016

Samsung Pay vs. Apple Pay

It seems like more and more there are people raving about Apple Pay and/or Samsung Pay. Some of you may have been using this feature for the past year, and as for the rest of us…well here’s some information about each that may help you get a better understanding about how they work.

Samsung Pay
• Samsung Pay is accepted anywhere you can swipe a physical card. Unlike its counterpart, retailers do not need an updated card reader to accept this payment method.
• The app does not store or share your card information. There is a unique card number for every purchase that you make. When swiping a physical card, the retailer can see your card number and personal information.
• You can safe your loyalty and reward cards here too! No more digging through your wallet to find rewards cards. Just pull up the app, and select the card you would like to use.
• Samsung Pay is supported on the Galaxy Note 5, and all newer devices.
• Visit Samsung.com/pay to view the list of qualifying banks.

Apple Pay
• In order to use Apple Pay at a retail store. They need to have a newer card reader that supports this feature. You can use the ‘Maps’ app to find out which store near you accept Apple Pay.
• Apple Pay does not store or share your card information. There is a unique card number for every purchase that you make. When swiping a physical card, the retailer can see your card number and personal information.
• You can use Apple Pay to make payments in other apps on your device without having to type in your card information every time you want to make a new purchase.
• It is easy to set up with the ‘Wallet’ app that is already installed on Apple devices, and stores boarding passes, tickets, and more. You can also use Apple Pay to store reward and loyalty cards.
• Every store payment that you make requires a fingerprint or password, which adds an extra level of security.