Apple Pay has certain limits for person-to-person payments. However, please note that these limits may have changed since then, and it's always best to refer to the official Apple Pay documentation or contact Apple support for the most up-to-date information.
At that time, the person-to-person payment limits for Apple Pay were as follows:
1. For users who have completed identity verification: Up to $10,000 per transaction and $20,000 within a seven-day period.
2. For users who have not completed identity verification: Up to $500 per transaction and $500 within a seven-day period.
1. For users who have completed identity verification: Up to $10,000 per transaction and $20,000 within a seven-day period.
2. For users who have not completed identity verification: Up to $1,000 per transaction and $1,000 within a seven-day period.
Please keep in mind that these limits are subject to change, and Apple may have updated them since my last knowledge update. To get the most accurate and current information, I recommend checking Apple's official documentation or contacting Apple support directly.
Apple Pay does not have a specific daily limit for transactions. The transaction limits are typically based on a per-transaction and per-seven-day period basis, as mentioned earlier.
However, it's important to note that individual banks and financial institutions may impose their own limits on Apple Pay transactions. These limits can vary depending on the bank's policies and the type of account you have with them. It's advisable to check with your specific financial institution or refer to their documentation to determine if they have any daily limits on Apple Pay transactions.
Since Apple Pay's policies and limits are subject to change, it's always a good idea to refer to Apple's official documentation or contact Apple support for the most up-to-date and accurate information regarding transaction limits.
Apple Pay does not have a specific transaction limit. The transaction limits for Apple Pay may vary depending on factors such as your financial institution, local regulations, and any limits set by the merchant or payment terminal.
Apple Pay transactions are subject to the same limits as your physical credit or debit card. These limits are determined by your bank or financial institution. Some common transaction limits for credit or debit cards include daily spending limits or transaction amount limits.
It's important to note that individual banks and financial institutions may have their own specific limits for Apple Pay transactions. These limits can vary, and it's advisable to check with your bank or refer to their documentation to determine the transaction limits that apply to your Apple Pay transactions.
Since Apple Pay's policies and limits are subject to change, it's always a good idea to refer to Apple's official documentation or contact Apple support for the most up-to-date and accurate information regarding transaction limits for Apple Pay.
FAQ
Q: What is Apple Pay?
A: Apple Pay is a digital wallet and mobile payment service developed by Apple. It allows users to make secure, contactless payments using their Apple devices, such as iPhone, Apple Watch, iPad, and Mac.
Q: How does Apple Pay work?
A: Apple Pay uses Near Field Communication (NFC) technology to enable contactless payments. Users can add their credit or debit cards to the Wallet app on their Apple device and make payments by simply holding their device near a compatible payment terminal.
Q: Can I use Apple Pay for online and in-app purchases?
A: Yes, Apple Pay can be used for online and in-app purchases. Many websites and apps have integrated Apple Pay as a payment option, allowing users to make secure transactions without the need to manually enter their payment information.
Q: Are there transaction limits for Apple Pay?
A: Yes, Apple Pay has transaction limits for person-to-person payments. These limits can vary based on factors such as identity verification and the user's financial institution. It's recommended to check with your bank or refer to Apple's documentation for the most up-to-date information on transaction limits.