Apple Pay vs. Android Pay – which is better? The two best technology companies are duking it out in every aspect of the market. Now their battle has spilled over to digital and mobile payments with Apple entering the arena in October 2014 and Google following a year after. Noobie leans in on both products to give you a comprehensive comparison.
Android Pay Vs. Apple Pay: Tale of the Tape
What is Apple Pay and Android Pay?
Apple Pay and Android Pay allow you to make payments online and in physical stores with NFC readers through a tap of your phone. Say, for example, you’re in front of a vending machine which allows you to pay with either of the two systems. Just tap the phone on a particular part of the machine, and the amount will be deducted from your Android Pay or Apple Pay account. It’s that easy.
Since we’re talking about your money here, security should be the first thing we consider. Both Apple Pay and Android Pay work off from the same concept of using a virtual card. When you register for either an account for either service, Apple or Google will store your credit card information in a virtual card. This way your real number stays hidden and the transaction occurs between your bank and either Apple or Google.
Regarding in-app security, Apple Pay can utilize fingerprint scanning, aside from passcodes, to initiate transactions while Android Pay is in the planning stages of biometric scanning. Android phones use the Android Pay smart-lock security as of the moment.
If you lose your phone, you can disable or cancel your Apple Pay account through the Find My iPhone service. For Andriod pay, you will have to contact support.
As far as devices are concerned, Apple Pay only works with Apple products while Android Pay can install on any Android. Shopping in physical stores work only with phones equipped with Near Field Communication (NFC) chips, Apple has this built into their iPhones. NFC chips are available on certain Android models as well!
There are almost equal numbers of banks supporting Android Pay and banks supporting Apple Pay in the US. On the credit card department, Apply Pay supports Mastercard, Visa, and American Express while Android Pay only supports Visa and Mastercard so far.
Both apps do not have any limits for contactless transactions. Transaction fees are waived if you use the apps for online transactions.
— Martech|VBProfiles (@MartechProfiles) September 4, 2017
Both apps are neck-to-neck when it comes to partner stores. Apple Pay has around 70,000 partner establishments in the United States and Android Pay is quickly making its way toward the same number.
Apple Pay and Android Pay offer very different reward systems for their users. Android Pay has a Tap 10 reward system which incentivizes each use of the system for payments. Users can get freebies instead of points. Some users report getting offers for 3 free songs.
Apple, on the other hand, has integrated their loyalty programs into Apple Pay. Apple users can just tap their iPhones to get points from their favorite stores.
And there you have it, Google and Apple are playing catch-up with one another in the payments market. Even though Apple Pay launched one year before Google, we the consumers are the real winners.
What’s your preferred mobile payment system of choice? Comment down below.
Up Next: How Does PayPal Work?