Softwr

Personal Finance · head to head

Apple Pay vs E*TRADE

Apple Pay logo

Apple Pay

Personal Finance

The easier way to pay and send money

From
Free
Rated
-
Full reviewWebsite
E*TRADE logo

E*TRADE

Personal Finance

Express your investing style

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Apple Pay has a free tier, so it costs nothing to try first.
  • Each has a real cost: Apple Pay apple Pay works only in countries and regions that support contactless payments and is not available in all markets; E*TRADE stock and ETF trades were $0 commission but options carried a $0.65 per-contract fee, broker-assisted trades added a $25 surcharge, and margin interest rates ranged from 12.70% to 13.20% depending on balance tier (Internet Archive capture, 3 January 2023)
  • They diverge on capability: Apple Pay covers Digital wallet, E*TRADE covers Advanced trading tools.

Where they differ

Only the attributes on which Apple Pay and E*TRADE actually diverge.

Attributes where Apple Pay and E*TRADE differ
AttributeApple PayE*TRADE
Starting priceFreeOn request
Pricing modelfreetransaction
Free tierYesNo
PlatformsIOS, WatchOS, MacOSWeb, IOS, Android
Founded20141956

Identical on both: user rating (Not yet rated), category (Personal Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Apple Pay

  • Digital wallet
  • Secure payments
  • Contactless transactions
  • P2P money transfers
  • Credit cards
  • Debit cards
  • WatchOS support
  • MacOS support

Only in E*TRADE

  • Advanced trading tools
  • Options and futures
  • Research tools
  • Mobile trading
  • Wire transfers
  • Web support
  • Android support

Both cover

  • Bank accounts
  • IOS support

What people use each for

The jobs each tool is most often brought in to do.

Apple Pay

  • Contactless in store payment from iPhone and Apple Watchnot E*TRADE
  • Paying in apps and on the web without entering card detailsnot E*TRADE
  • Sending money between Apple users with Apple Cash and Tap to Cashnot E*TRADE

E*TRADE

  • Budget Managementnot Apple Pay
  • Expense Trackingnot Apple Pay
  • Investment Trackingnot Apple Pay

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Apple Pay

  • Apple Pay works only in countries and regions that support contactless payments and is not available in all markets
  • Apple Cash is available only in the 50 United States, the District of Columbia and Puerto Rico
  • Apple Cash Family accounts and Tap to Cash transactions are each capped at 2000 USD within a rolling seven day period
  • Mac support requires a Touch ID equipped model
  • A card works only if the issuing bank supports Apple Pay, and banks may charge their own overseas usage fees

E*TRADE

  • Stock and ETF trades were $0 commission but options carried a $0.65 per-contract fee, broker-assisted trades added a $25 surcharge, and margin interest rates ranged from 12.70% to 13.20% depending on balance tier (Internet Archive capture, 3 January 2023)

Pricing, plan by plan

Apple Pay

Free
  • FreeFree
    • Secure payments
    • P2P transfers
    • Transit passes

E*TRADE

On request
  • Stock & ETF TradingFree
    • Commission-free trades
    • Real-time quotes
  • Advanced Trading$undefined/month
    • All Stock & ETF features
    • Options, futures
    • Advanced tools

Which should you pick?

Choose Apple Pay if

  • You need digital wallet.
  • You want to start without paying.
  • You work on IOS, WatchOS, MacOS.
  • You also want secure payments.
Apple Pay review

Choose E*TRADE if

  • You need advanced trading tools.
  • You work on Web, IOS, Android.
  • You also want options and futures.
E*TRADE review

Questions people ask

Is Apple Pay or E*TRADE better?
Neither clearly leads. Apple Pay starts at Free and E*TRADE at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Apple Pay or E*TRADE?
Apple Pay has a free tier; the other does not. Paid plans start at Free for Apple Pay and On request for E*TRADE.
Does Apple Pay or E*TRADE run on more platforms?
Apple Pay runs on IOS, WatchOS, MacOS. E*TRADE runs on Web, IOS, Android.
Can I use Apple Pay for free?
Yes. Apple Pay has a free tier, so you can try it without paying. E*TRADE starts at On request.
What is Apple Pay best used for?
Apple Pay is most often used for contactless in store payment from iphone and apple watch, paying in apps and on the web without entering card details, sending money between apple users with apple cash and tap to cash. Of those, contactless in store payment from iphone and apple watch and paying in apps and on the web without entering card details are not what E*TRADE is typically brought in for.
What can Apple Pay do that E*TRADE cannot?
Apple Pay covers Digital wallet, Secure payments, Contactless transactions, P2P money transfers. E*TRADE covers Advanced trading tools, Options and futures, Research tools, Mobile trading. Both handle Bank accounts, IOS support.
ShareXLinkedInRedditWhatsAppEmail

Related pages

More on Apple Pay

More on E*TRADE

Keep looking

Other head to heads