Apple Pay vs. Google Pay - Which Mobile Payment System is Best
The world of mobile payments has seen a surge in recent years, with Apple Pay and Google Pay taking the lead in the game. These two mobile payment systems have been competing for market dominance by offering unique features, flexibility, and security to their users. In this article, we will compare the two mobile payment giants head-to-head to help you choose which system is best for you.
Availability
Apple Pay is available in over 60 countries, while Google Pay is available in over 30 countries. The wider reach of Apple Pay makes it more accessible to users worldwide, including a significant presence in Europe and Asia. Google Pay is also available on a wide range of devices, from Android phones to smartwatches and even desktops.
Winner: Apple Pay
Set up
The setup process for both Apple Pay and Google Pay is straightforward. Apple Pay is available on iPhones, iPads, Macs and with watchOS. On iPhone, you open the Wallet app and go to Add Credit or Debit Card. On the other hand, Google Pay is available on Android devices, and you can set it up by downloading the app from the Google Play Store.
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Security
Both Apple Pay and Google Pay have robust security features to protect users’ financial data. Apple Pay uses Face ID or Touch ID to authenticate payments, while Google Pay uses a PIN, pattern, or biometrics. When you use Apple Pay, your card details are not stored on your device or Apple servers, and your card data is not shared with merchants. Google Pay uses a virtual account number to mask your original card number from businesses.
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Device Compatibility
Apple Pay is exclusive to iPhones, iPads, Apple Watches, and Macs. On the other hand, Google Pay is available on Android devices and across all major manufacturers like Samsung, LG, Motorola, and others. In addition, Google Pay is compatible with smartwatches, the Google Home, and any desktop computer that has an internet connection.
Winner: Google Pay
Payment Limits
The payment limits for both Apple Pay and Google Pay are determined by the respective financial institutions or card issuers. However, Apple Pay has a slight advantage in terms of payment limits, which are higher than Google Pay. For example, on a typical day in the US, Apple Pay users have a limit per transaction of $10,000, while Google Pay has a limit of $1,000.
Winner: Apple Pay
Merchant Acceptance
Both Apple Pay and Google Pay have been making strides in expanding their merchant acceptance networks. Apple Pay boasts of over 50% merchant acceptance in the US, meaning more stores, restaurants, and shops that now accept Apple Pay as a payment option. Google Pay also continues to expand its merchant acceptance rate, although it is not as widespread as Apple Pay.
Winner: Apple Pay
Conclusion
In summary, while both Apple Pay and Google Pay have their strengths and weaknesses, the decision between the two ultimately comes down to personal preference and device compatibility. If you are an iPhone, iPad or Mac user, Apple Pay is undoubtedly the better choice. However, if you are an Android user or have a combination of Android and other devices, Google Pay is your best bet.