Can I Get Cash Back with Apple Pay?

By November 13, 2018Apple

Apple Pay was used by an estimated 127 million global users by the end of 2017. As the method of payment continues to grow in popularity, many people have the same question regarding cash back options and where, when and how they can receive cash back while using Apple Pay. As with many things Apple, the answer isn’t so straightforward.


Which Banks Support Apple Pay

The number of banks around the world supporting Apple Pay increased by 41% in 2017 alone, bringing up the total to 2707 banks. This means that wherever you are in the world and whoever you choose to bank with, you are likely still eligible to reap the benefits, rewards and safety that Apple Pay provides to its users. However, simply because your bank connects to and works with Apple Pay doesn’t mean you’ll be able to receive cash back if requested.


How to Get Cash Back with Apple Pay

While there’s no real firm answer from Apple officials at the writing of this article, it has been noted that some merchant terminals may offer the option of cash back when paying with Apple Pay and others may not. The decision to offer cash back is largely up to the merchant, but it’s important to keep in mind that if you’re trying to withdraw cash on a credit card, your issuer might charge you interest due to it being a “cash advance” of sorts. It’s important to check with your credit card company to review any fees you might receive when asking for cash back.


Optimize Your Experience with Apple Pay

The great thing about Apple Pay is the safety it provides to consumers. Instead of sending your credit or debit card data to the merchant, Apple uses a method known as “tokenization,” preventing actual credit card numbers from being sent.

To get the most out of these benefits, you’ll want to connect all of your loyalty cards and credit cards to Apple Pay in order to use them in an interconnected manner. Apple recommends that, to experience the best performance from Apply Pay, to always select Credit if prompted, even when using a debit card. However, if you are experiencing problems when using a debit card, you might try selecting Debit as the payment type to facilitate an easier payment process.


Getting Cash Back in Other Ways

If you find that you’re unable to get cash back with Apple Pay, you can sometimes try to pay with your physical card if you’ve got it on hand. As Apple continues to form partnerships with retailers and banks, however, the widespread use of the technology should forge new ways for retailers to provide cash back as an option for customers across the board.

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