How Does Apple Pay Work? 💸 Apple Money Beginners StreetCents [i4fzZTxyJ3k]
Should you be worried when you use Apple Pay? The payment feature everyone is using right now might seem a bit confusing. What is Apple Pay, and how does it work? Well, we're here to explain! Once you set up your credit or debit card on your iPhone, Apple and your bank will create a token called DAN - Device Account Number. It's unique to you and your device. Then when you tap to pay—encrypted DAN goes from your phone, over the air, and to the store's machine. From there the token is sent to your bank to make sure you have the funds. Tech experts say it's safer than using a debit card, because when you tap your debit it's the account number and your personal info going over the air, not an encrypted token. We hope this video helps you spend smarter 🥰