Apple Pay vs Payz
A side-by-side look at how these two wallets stack up — and which one wins for which job.
| Feature | Apple Pay | Payz |
|---|---|---|
| Score | 4.4 / 5 | 3.5 / 5 |
| Best for | Contactless payments on Apple devices | Established multi-currency wallet for gaming |
| Monthly fee | Free | No standard monthly fee |
| Exchange rate | Uses your card's FX terms | ~2.99% standard tier |
| Send / receive | Apple Cash P2P free; instant 1.7% | Free P2P from Gold VIP up |
| Withdrawals | Standard Apple Cash free; instant 1.7% | Varies by method & VIP tier |
| Card | No standalone card; tokenises existing cards | Yes — Mastercard (Silver VIP tier and above) |
| Availability | Apple Pay 80+ countries; Apple Cash US-only | 180+ countries |
| Currencies | Local card currency; Apple Cash USD | 45+ currencies |
| Regulation | Apple Cash via Green Dot Bank (US); rides card networks | UK FCA (PSI-Pay Ltd) |
| Founded | 2014 | 2000 |
Apple Pay
Apple Pay is the default contactless wallet for iPhone and Apple Watch users, offering fast, private, tokenized tap-to-pay accepted in 80+ countries with no usage fee. Apple Cash adds US-only peer-to-peer payments inside iMessage. Excellent for everyday spending within the Apple ecosystem but offers no standalone account or Android support.
Pros
- Seamless, secure contactless on iPhone/Watch
- Tokenization keeps real card numbers private
- Accepted in 80+ countries
Cons
- Apple Cash P2P is US-only
- Locked to the Apple ecosystem
- Instant Apple Cash transfers cost 1.7%
Payz
Payz is the rebrand of ecoPayz, one of the oldest e-wallets (since 2000), run by FCA-regulated PSI-Pay and offering 45+ currencies worldwide with a Mastercard and a tiered VIP programme. Its standout is a ~2.99% FX rate, undercutting Skrill and Neteller, though the best perks and the card are gated behind VIP tiers. A dependable, slightly cheaper alternative for everyday multi-currency use.
Pros
- Long track record (ecoPayz since 2000)
- Lower ~2.99% FX than Skrill/Neteller
- Supports 45+ currencies worldwide
Cons
- Best rates & card gated behind VIP tiers
- Card requires Silver VIP+ status
- Rebrand from ecoPayz still confuses users
The bottom line
Overall, Apple Pay edges ahead with a score of 4.4 versus 3.5 — but the right choice depends on your priorities. Check both against your own country and use case before deciding.