Best iPhone Payment Apps to Receive / Process Payments in 2023

Mobile payment applications has successfully changed the way many people make payments. Many customers prefer making payments using mobile payment applications by virtue of their ease of use, security and their speed. Moreover, it is very comfortable to track all transactions. The difficulties that are associated with the processes of mankind has been eased, thanks to the advancements in technology. Have you even been in a situation whereby you go to dinner with your friends and the restaurant would not split the bills? You might get stuck with the entire bill if you don't have the cash to pay your own part of the bill. Your friends might promise that they will pay you back but most times, not everyone will pay you back, and even if they pay, the payments will definitely not add up. fortunately, everyone now has a smartphone and can comfortably download a payment application to solve this problem.

List of Best Payment Apps for iPhone and Their Features in 2023

Here is a list of the best iPhone payment applications and what you need to know about the applications.

Apple Pay - Payment App Link

Apple pay was released by Apple in October 2014 as a mobile payment app. This application allows it's users pay online on the web, pay in-app, and in mortar and brick stores. This Apple payment application is a very good fit for Apple devices like Apple watch, iPhone (iPhone 6, iPhone 7, iPhone 8, iPhone 11) and Macs. However, when it comes to their payment capabilities, they are very wide. So far, users can make use of Apple pay in several European economic Area such as Canada, Hong Kong, Russia, China, George, Singapore, United Arab Emirates, Saudi Arabia and other countries. Users can also keep their international credit cards in a digital wallet. The list fills with MasterCard and visa cards, Discover and AmEx. Many international and local banks fall for this rule as well: UnionPay, ETFPOS, Cartes Bancaires and so on.

Apple payment application allows payments with iOS native applications. Their number is very broad. To pay for clothing, online delivery, applications, beauty purchase and so on, the user will tap the" Buy with Apple Pay". You can also take advantage of the the technology driven MacBook Pro payment process or MacBook Air. A shopper uses the Touch ID on"Apple Pay" to pay for goods and services. The application uses a top security means to protect the user's transactions. Apple Pay make use of a special device number and transaction code. This implies that it does not store the card numbers of shoppers and does not share them with a third party. Apple encourages many merchants to include Apple Pay in their payment methods. To adopt this method of payment, download the Apple Pay app on the official website of Apple. Or contact your payment service provider.

PayPal - Payment App Link

Although PayPal started in 1998, the opportunity to make use of its payment application appeared in 2010. The new and updated version was available for iOS and Android users in 2013. The PayPal applications are available in various platforms; web and mobile are among them. Customers can make payments at local offline restaurants and shops (If they support PayPal). Almost every smartphone model is fit for downloading this payment application. The very first availability depends majorly on the country. So, it operates in over 200 countries. So far you live in the serviceable country, you can make use of the PayPal application. The stores should also be within the countries. For instance, PayPal is available in China, United States, South Korea, and most European countries. To begin using this application, you have to download it from Google Play or Apple store. For you to benefit from this Apple payment application, you must have a valid PayPal account. And as soon as the application is up and running, customers can begin to pay in the e-stores and you can track the balance in real time.

PayPal helps protect payments with a security token, the user must enter a login username and password to be able to access the account. This is followed by a six digits code that will be sent by the credit card network. This two step authentication offers more security, and thus protect the account from malicious attacks. Most times, users usually authenticate with bank cards that are connected to the PayPal account. This security method makes in-app and online purchases faster. To offer this payment method to your clients, check if your payment processor has PayPal among the methods of payment.

Alipay - Payment App Link

Alipay is part of Alibaba, a giant Chinese e-commerce company. This online and mobile payment system began working in 2004. Several customers from China mainland frequently make use of this payment application for physical stores shopping, in-app and online shopping. This application is available for many mobile devices and works well with Android and iOS. Although, Alipay is majorly a China oriented mobile application for payments, the impressive population of this country cannot be ignored. In recent years, Alipay has greatly enlarged it's influence across many countries like Norway, Australia, United States, United Kingdom, Italy and many other countries. Alipay supports MasterCard and visa as well as 64 more financial institutions. Users can actually make payments with Alipay app in over 450,000 stores in China. This payment method is also among the primary methods of payment on AliExpress. However, the technology remains the same. Just like the other payment methods, the users need to select Alipay as the payment option and then choose the associated bank card.

To begin paying with Alipay, you need to download it from Google Play or Apple store. Because Alipay operates under Alibaba group, the account of the users are linked with an AliExpress account (AliExpress is also a part of Alibaba). Users account security is the primary focus of Alipay. And to achieve this, the payment application makes use of a high integrity framework of risk management and an advanced encryption system. Moreover, clients may receive a 90 days payment security from unauthorized use. Also, Alipay does not share private informations with a third party. Although Alipay is an Asian app, you can embrace it's payment method if you are going to Asia.

Venmo - Payment App Link

Venmo was initially released in 2009. But currently, it is a subsidiary of PayPal. It is basically a mobile payment application. Unlike many other payment applications, the primary aim of Venmo is sending money between it's users. The application can be used to split payments and it can work on different mobile devices. The venmo payment application is available only for citizens of the United States. The users can find transactions' recipient through venmo username, phone or email. This payment application is linked to bank accounts, credit and debit cards. Customers can make a payment using the venmo funds, or the funds that the customer has on debit card or bank account. As earlier said, this application is a PayPal subsidiary, and users can pay during web purchases or in-app purchases. The payment is authorized through PayPal. Customers can actually make payment for different categories of items such as clothing, food and tickets. A real time analytics is also provided by Venmo for every transactions the customer makes.

Venmo makes use of encryption to safeguard transaction and personal data. Users that have lost a smartphone, or suspects an unauthorized use may need to access the"Security-Settings" of the website, and clear all the sessions that are associated with the lost phone. This action is important and it logs out the personal account. In addition, users can personalize the extra security later using a PIN. for merchants in the United States, adopting venmo as a method of payment is a worthy solution.

Zelle - Payment App Link

This company was a proprietary of Fargo, JPMorgan Chase and Bank of America. It was originated in 2017. After various additional features, improvements, and participation of Citibank, PNC bank, Chase One, US bank, Zelle appeared. Zelle is a mobile payment application that is available for Android and iOS users. To use this application, the users will be required to fill in the credit or debit card of the financial institution. The network should either be MasterCard or visa card. Just like Venmo, Zelle is a great application to split payments or send money to family and friends. Customers need to have a valid Zelle account to receive or send money.

This application does not require financial informations that are sensitive. U.S number or an Email is enough to send money.