You may need to enter the security code thats printed on your credit or debit card. With these new changes you will need to take a few extra steps in order to manage your payments.
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Scroll to the fourth group of options and select iCloud.

How to update payment information on iphone. If you see Apple Pay after the last 4 digits of the card number go to the Wallet app to edit the card information. Open the App Store on your iPhone or iPad Tap your profile image in the top right-hand corner. Touch the View Apple ID button.
Open your iPhones Settings. Verify your billing address then tap Next. Tap on your Apple ID then tap View Apple ID and enter your password.
If you see Apple Pay after the last four digits of the card number go to the Wallet app to edit the card information. You can update your billing information or add a payment method in Settings on your iPhone iPad or iPod touch or in iTunes on your Mac or PC. If youve saved another payment method select it from the Payment Method section.
Click Update next to Payment Method to see your current form of payment change your form of payment or add a new form of payment. But once youve gotten there you will be able to add change re-order or remove payment information with ease. To add a payment method tap Add Payment Method.
Now click on the Edit option and then update the info. If you have any unpaid purchases tap on them to update your information and make the payment. If theres an issue with the billing address or expiration date tap or click the payment method then update the payment information.
Scroll down and select the iTunes App Store option. To update a payment method tap the payment method then edit your information. Touch the Payment Information button.
Enter your card information. On your iPhone iPad or iPod Touch. To update a payment method tap the payment method then edit your information.
Click Add Payment and fill in the necessary details to add a new payment method to your account. Here you can enter the payment information of the new credit card you want to use. To update a payment method tap the payment method then edit your information.
Once all the information is entered including the billing address associated with your credit card tap Done at the top. Tap your Apple ID. Select a payment method.
Then click Manage Payments. Tap Purchase History to see if there are any unpaid purchases on your iPhone. Update your payment information to reflect your current financial institution.
You might need to enter the security code thats printed on your credit or debit card. Click View Information and enter your Apple ID details to sign in. Open Settings and tap on Your Name - iTunes App Store.
Select your Apple ID then select View Apple IDYou might be asked to sign in. After that sign in to your account and then head over to the Payments Shipping section. Select your current primary payment method.
Click Edit next to an existing payment method to update the details for it or Remove it. You have several options. If you see Apple Pay after the last four digits of the card number go to the Wallet app to edit the card information.
To add a new credit card select CreditDebit Card and enter the requested information. Type in your Apple ID password. To remove a payment method tap Edit then tap the Delete button.
You may need to enter the security code thats printed on your credit or debit card. Go to Settings select your name then select iTunes. Select your Apple ID at the top of the screen.
And tap Done again to exit Apple ID Account Settings. Enter your Apple ID password then touch the OK button. View your order history.
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