Is Apple Pay accepted as a saved card for EFT billing?

When considering whether Apple Pay can be used as a saved card for EFT (Electronic Funds Transfer) billing, it's crucial to understand the nature of EFT systems. Typically, EFT billing relies on traditional banking infrastructure that directly connects to physical debit or credit card accounts. These systems often require a standard card number, expiration date, and security code, all of which are associated with conventional bank-issued cards.

Apple Pay is primarily a mobile payment service that requires the integration of a physical debit or credit card to function. While it can facilitate transactions with merchants who accept Apple Pay, it doesn't store card information directly for EFT billing, which is why it must be a physical debit or credit card for this purpose. This means that users must link their Apple Pay account to a physical payment method, confirming that the core of EFT compliance relies on traditional cards rather than mobile wallet solutions like Apple Pay alone.

Understanding this distinction clarifies why the correct answer emphasizes the necessity for a physical card in the context of EFT billing.