Payment limit:
1. The Apple Pay payment card applied by the customer and the existing credit card bound by it use a unified account and share the credit line of the account. The single payment limit of Apple Pay payment card is RMB 20,000, and the daily cumulative payment limit is RMB 50,000. Customers can apply for adjusting the credit limit of the card through ICBC outlets, e-banking and other channels. If the customer adjusts the credit limit of the physical card, the Apple Pay payment card will not be adjusted synchronously.
2. Except for some cases, such as using the "password-free visa-free" function of UnionPay chip credit card within the password-free limit, or overseas password-free online transactions, Apple Pay requires the password to be the same as the physical card and cannot be modified separately. If the password of the physical card is adjusted, the password of Apple Pay should also be updated synchronously.
Extended data:
Features of this product:
1. In order to ensure security, the card number will not be stored or sent to the merchant, but a one-time "dynamic security code". And if the user loses the iPhone, there is no need to cancel the credit card, and all payment behaviors can be stopped through the "Find My iPhone" service.
2. At the same time, Apple also said that iTunes users can directly use the credit card information already stored in iTunes. Apple Pay is much safer than putting all kinds of cards in your wallet. All payment information stored by Apple Pay is encrypted.
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