Coming soon: Apple Tap to Pay will let you accept payments on your iPhone
Apple has announced exciting plans to bring Tap to Pay to iPhone, which it will roll out in the US later this year. The new feature will allow small and large businesses to use their iPhone to securely accept Apple Pay, contactless credit and debit cards, and other digital wallets with a single click on their iPhone. The best piece? No additional hardware or payment terminals are required, eliminating the need for merchants to invest in a Square device or SumUp terminal.
Tap to Pay on iPhone will be available for payment platforms and app developers to integrate into their iOS apps and offer as a payment option to their business customers. Stripe will be the first payment platform to offer Tap to Pay on iPhone to its business customers, including the Shopify Point of Sale app this spring. Apple says additional payment platforms and apps will follow later this year.
“As more consumers use to pay with digital wallets and credit cards, Tap to Pay on iPhone will provide businesses with a secure, private and easy way to accept contactless payments and unlock new experiences. using the power, security and convenience of iPhone,” said Jennifer Bailey, vice president of Apple Pay and Apple Wallet.
“Working with payment platforms, app developers and payment networks, we’re making it easier than ever for businesses of all sizes, from sole traders to large retailers, to seamlessly accept contactless payments and continue to grow their business,” Bailey continued.
iOS app support
Once Tap to Pay on iPhone becomes available in the US later this year, merchants will be able to unlock contactless payment acceptance through a compatible iOS app on an iPhone XS or later smartphone. It will be super easy to use – at checkout, the merchant will prompt the customer to hold their iPhone or Apple Watch to pay with Apple Pay, their contactless credit or debit card, or any other digital wallet near the merchant’s iPhone. merchant, and the payment will be made securely using NFC technology.
No additional hardware will be needed to accept contactless payments via Tap to Pay on iPhone, so businesses can accept payments from anywhere they do business – which we can see being incredibly popular. Apple Pay is already accepted by over 90% of US retailers and this new feature will only solidify their position in the market.
Tap to Pay on iPhone will be a US exclusive initially, but we hope to see it rolling out to other markets as well.
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