Amazon Pay vs Apple Pay
Last updated: June 14, 2016
Millions of Amazon customers can login and pay on your website with their stored account information on Amazon.com. Login and Pay with Amazon can help you add new customers, increase sales and turn casual browsers into buyers. It’s fast, easy and trusted — leverage the Amazon brand to grow your business.
Apple Pay will change how you pay with breakthrough contactless payment technology and unique security features built right into the devices you have with you every day. So you can use your iPhone to pay in a simple, secure, and private way.
Amazon Pay vs Apple Pay in our news:
2016 - Apple takes on PayPal with Apple Pay on the web to keep up with PayPal
Apple announced that Apple Pay is coming to the web this fall. Mac users will be able to pay online in Safari using a “Pay with Apple Pay” button, and authenticate their purchase using Touch ID on their phone or watch. Previously, Apple Pay could only be used in select iOS apps, as well as at physical retail stores. While retail partners will need to integrate Apple Pay into their checkout flow, Apple said it has already signed up tons of merchants to the payment platform. These include companies like Target, Expedia, United Airlines, and more. Apple also announced Apple Pay will launch in Switzerland, France, and Hong Kong this summer.
2015 - Apple rebrands Passbook to Wallet extends Apple Pay to UK
Apple decided to rename the Passbook app to Apple Wallet to make it relevant with updated Apple Pay service. Alongside adding your usual debit and credit cards, Apple Pay now lets you add store cards as well as loyalty and rewards cards. Kohl’s, JC Penney and BJ’s will be the first retailers on the platform to offer Apple Pay compatibility with their own store credit cards. Beyond that, Kohl’s, Walgreens and Dunkin Donuts will be bringing rewards cards to the Apple Pay platform. This comes alongside a major expansion to Apple Pay, which is headed to the UK and will soon be compatible with 70 percent of the UK’s debit and credit cards. Plus, Apple has just announced a new partnership with Square, which will release a new card reader that will let small businesses take Apple Pay payments and credit card chip payments (no card swipes, however).
2014 - Apple launched own payment system Apple Pay. Beware Square
Apple has added a wallet to its iPhones - Apple Pay, which will let iPhone 6 and iPhone 6 Plus users tap their devices at retail checkout terminals to pay for items. The wallet service requires Apple's Touch ID fingerprint authentication and an iPhone with near field communication (NFC) technology, which is only featured on the iPhone 6 and iPhone 6 Plus. Apple Pay just needs the card info - you can either scan the card or input the information manually. For now, Apple’s new payment service will enable shoppers to buy items at more than 220,000 stores in US. Participants in the Apple Pay service include Macy’s, Bloomingdales, Wallgreens, Duane Reade, Subway, McDonalds. But many retailers - including the nation’s largest, Wal-Mart Stores Inc. - aren’t part of Apple’s network. Only a minority have machines capable of reading the near-field communication radio signal that makes Apple Pay work.
2014 - Amazon launches mobile card reader to compete with PayPal and Square
Amazon entries into the mobile payments market with Local Register - a card reader and mobile app for small businesses. The new product competes directly with companies like Square and PayPal in the fast-growing market for payment transactions. Local Register requires users to register, purchase a $10 card reader and download the free app, which is available through Amazon, Apple or Google. Once signed up, users receive the first $10 in transaction fees back, canceling out the initial cost of the reader. Amazon is launching the product with a limited time offer aimed at enticing businesses to sign up. Any company that signs up before October 31 will be charged 1.75% per swipe until January 1, 2016, below the 2.75% charged by Square and 2.7% charged by PayPal 's card reader program Here. Amazon's standard rate will be 2.5%.