Apple Pay Review - why 4.7 stars?

Apple Pay Review
ITQlick Score: 90/100
ITQlick Rating: (4.7/5)
Pricing: 2.2/10 - low cost
Category: Retail & POS -> Apple Pay
Ranking:Ranked 18 out of 430 Retail & POS systems
Company: Apple
Pricing: starts at $300 per license
Typical customers: Small, medium and large size businesses
Platforms: Cloud
Links: Apple Pay pricing, Apple Pay alternatives

Shlomi LaviShlomi Lavi / updated: Mar 22, 2022

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What is Apple Pay?

Apple Pay is a cloud-based Retail and POS software designed to offer a secure and private way to pay for goods and services through iOS apps. The software comes with features such as:
  • Setup In Seconds: Apple Pay is a breeze to set up. End-users can simply connect their credit or debit card to their iPhone Wallet app.
  • Use Apple Cash with Apple Pay: Apple Pay powers Apple Cash, which functions similarly to a debit card and allows users to send and receive money directly from messages. Users can simply add their Apple Cash card to the Wallet app and transfer money to their brunch buddies.
  • Protected Personal Data: When sellers make a purchase, Apple Pay employs a device-specific number and a one-of-a-kind transaction code. As a result, the credit card information is never kept on users devices or Apple servers. When payment is made, Apple never shares credit card information with retailers.
  • Tap more, Touch less: Apple Pay operates directly from the iPhone of end-users, eliminating the need to touch buttons and terminals, handle cards, and exchange currency. As a result, their hands are cleaner and less likely to take up and transmit germs.
  • Your Purchases Stay Private: When users make payments with a debit or credit card, Apple Pay does not save transaction information that can be used to identify them. The information is solely saved for troubleshooting, fraud prevention, and regulatory purposes when Apple Cash is used.
Apple Pay by Apple is a retail and POS software that started in 1976. The company is headquartered in Cupertino, California, United States. The company has a workforce of more than 10,000 employees.


What is Apple Pay rating?

The rating of Apple Pay is 4.7 stars out of 5 and the total score is 90 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who uses Apple Pay?

The typical customers include the following business size: Small, medium and large size businesses.

Is Apple Pay the best Retail & POS system?

Apple Pay is ranked 18 out of 430 software in their category (Retail & POS systems).

What are Apple Pay's pros? (4 Pros)

  • Apple Pay enables users to pay in-app and in the browser
  • Users will experience a seamless experience when using Touch ID or Face ID
  • Users can do not have to input any of their business bank information into Apple Pay
  • The Card registration process requires a few steps

What are Apple Pay's cons? (3 cons)

  • Apple pay does not work very well in all countries
  • The software is exclusive to iOS and MacOS enabled hardware
  • Not all retail outlets support the software yet

Who are their main alternatives?

Apple Pay competes with other retail and POS systems like Stripe Connect, Payoneer, and GoCardless. We will compare these retail and POS systems in some specific aspects below.
  • Functionality: Apple Pay offers features like App Store, Payment, Security, In apps and online, Cards, Health, Reminders, Siri, iCloud, Custom Email Domain, Accessibility, Maps, etc. Stripe Connect offers features like Update User Information, Send Funds, Issue Refunds, Handle Chargebacks, Build Custom Reports, Dashboard Account Management, Integration, Payouts, Reports & Analytics, Custom Reports & Insights, Partner Program, Subscriptions & Invoicing, Payment Cards Business Financing, Online & Mobile Payments, Point-of-sale Payments (available in Apple Pay), etc. Payoneer offers features like Local Receiving Accounts, Clients Billing, Marketplaces & Networks, Bank Withdrawal, Manage Currencies, Make Purchases (available in Apple Pay and Stripe Connect), Stores Management, Data Security, Payment Processing, Reporting/Analytics, etc. GoCardless offers features like Payments (available in all alternatives), Recurring Payment Collection, International Payouts & FX, Accounting Integrations, Alerts/Notifications, Billing & Invoicing (available in Payoneer), Customizable Branding, Electronic Payments, Multi-Currency, Online Payments, Recurring/Subscription Billing, Reporting/Analytics, Search/Filter, Status Tracking, Transaction History, etc.
  • Customers/Industries: Stripe Connect has customers like Slack, Google, Kickstarter, Twilio, Atlassian, Lightspeed, Classy Pay, Substack, Goodtill, Instacart, Skip TheDishes, Postmates, Meetup, Lyft, etc. Payoneer targets Freelancers & Service Providers, Online Sellers, Digital Marketers, Wholesale, Vacation Rental Hosts, IT Outsourcing Services, Business Process Outsourcing, Marketing Agencies, etc. Payoneer has customers like Tronsmart China, Drive Asset, Softogix, State Cashmere, ACM Inc, Connected Pakistan, Jayed Corp, Something Crafty Ltd, ErgodE Inc, Host4Geeks LLC, Concerto Apps, Langrey Inc, Ease Technology Solutions, GrudgeWeb LLC, etc. GoCardless has customers like Bulb, DocuSign, ReceiptBank, Deloitte, Smart Pension, Comic Relief, EPSON, Funding Circle, etc.
  • Cost: Stripe Connect starts at $0.30 based on usage. Stripe Connect offers a free version. Stripe does not offer a free trial. The license cost information for Payoneer is unavailable. GoCardless starts at £0.01 per month. GoCardless offers a free trial and version.
  • Popularity: Apple is publicly traded on the Nasdaq under the AAPL symbol. Payoneer is publicly traded on the Nasdaq under the PAYO symbol with 5 million customers and counting. GoCardless is privately held and trusted by over 70,000 businesses.
  • Scalability: Stripe, Payoneer, and GoCardless can accommodate companies of all sizes.
  • Support: Apple Pay offers support channels like Email/Help Desk, Phone Support, and Chat. Payoneer offers FAQs/forums. Stripe Connect offers Email/Help Desk, FAQs/Forum, Knowledge Base, 24/7 (Live Rep), and Chat. GoCardless offers Knowledge Base, Chat, 24/7 (Live rep), FAQs/Forum, Email/Help Desk, and Phone Support.

What is the cost of Apple Pay?

The cost of license starts at $300 per license. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 2.2 out of 10 (10 is most expensive). You can find here the REAL total cost breakdown for Apple Pay. You can also find here pricing information from Apple Pay's website.

What should you ask Apple during a demo session? (65 questions)

Schedule a demo with Apple Pay and access 65 must ask questions for the vendor while watching Apple Pay in action.

Where Apple Pay is used?

Apple Pay allows consumers to make secure purchases by holding their iPhones over near field communication (NFC) terminals Instead of using cash or cards at the checkout. Touch ID allows users to give all payment and shipping details with a single touch.

List of categories

Retail & POS
Bakery POS
Grocery POS

Apple Pay Vs. Alternatives

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NetSuite
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Rezku
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4.7/5
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Revel
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3.8/5
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95/100
Pricing
3.2/10
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60
Review
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.