YouCanLearnThis.com

Useful Tech Tips for Non-Techies

  • Home
  • Useful Tech Tips
  • Tech News
  • iPhone Photography
  • Facebook
  • Twitter

New iPhone Contactless Payment Method: Tap-to-Pay

By iPad Pete Leave a Comment

Apple has recently announced a new feature for iPhones (series XS or later) that could make a lot of business owners happy. They will be introducing Tap to Pay on iPhone later this year. A new service that will allow a transfer of funds just by holding iPhones near each other. Amazing!

With no additional hardware required to accept credit transactions, businesses will have one less cost liability to manage, and they will be able to quickly adopt this new service into their existing payment processing platforms. Another benefit that might not have been an available option previously, is being able to use a single service provider for online and in-person sales. Cost-saving and one less account to remember a password for!

Right now, Apple is not offering an app of their own for this service but is allowing third-party payment providers to integrate the feature into their systems, but according to Apple’s press release, 

“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, the default payment processor for millions of small businesses, will be the first adopter of the new feature and is working with Apple on creating an app on the iOS platform. Considering Stripe processed about $350 billion in 2020, they will be a good, large-scale platform to look for bugs or glitches.

Similar to using Apple Pay where you hold your iPhone up to an enabled card reader, all a customer will need to do is hold their iPhone near the business’s iPhone and double-click the side button to pay. This also means that the transactions will be securely encrypted, and Apple won’t know what you’re buying.

While Tap to Pay on iPhone eliminates the need for a card reader or any type of separate payment terminal, it does require customers to have a digital payment method in their Wallet. 

Payment processors that use a card reader, like Square, will likely change to integrate Tap to Pay on iPhone into the services they are already providing. How quickly consumers adapt to the new method remains to be seen. 

Change is the only constant and Apple is again leading the way to a better way. We would have headlined this “Millennials Kill the Printed Check,” but that payment method has been on the decline for far too long. With encrypted, digital transactions your payments are safer than ever so maybe the plastic credit card is also now on the way out.

Share this interesting post about Tap to Pay on iPhone with your Friends and Family by using the Share Buttons below… I really appreciate you helping to spread the word about my Free Daily iPhone Tips! 🙂

Related Posts:

  1. iPhone’s Privacy vs Facebook Apple takes privacy seriously, and while its drive for increased user protection gives users control of their data, it may have unforeseen consequences on a wide range of businesses. Beginning...
  2. Recover Deleted Text Messages on iPhone Texting is a way of life. With messages coming in from friends and family, information sharing with business associates, appointment reminders, and shopping confirmations… It’s easy to lose track of...
  3. Quickly Open Your iPhone Camera With This Simple Trick! Have you ever seen the perfect opportunity for a photo, but it took you too long to open your iPhone Camera, and you missed the shot? Now, with this simple...
  4. Apple’s New iPhone Update: Five New Features Coming on Monday I’m excited for Apple’s new iPhone update coming on Monday! There are some great new features that I’m looking forward to, like being able to access Fitness+ without an Apple...

Filed Under: Features, Tech News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Top Tech Tips

Block Pop-Ups on Your iPhone Safari Browser

How to Block Pop-Ups on Your iPhone Safari Browser

Useful Siri Commands

7 Most Useful Siri Commands Everyone Should Know

iPhone iOS 16.3 Update Features

New iPhone Features and Fixes Released in iOS 16.3

PayPal Hit By Credential Stuffing Attack – Find Out What You Should Do Now!

How to Remove Your Personal Information from Google Searches

AirTag Saves Dog from Floodwaters

Netflix Cracking Down on Password Sharing

Is the Cloud Safe for Personal Information?

Scam Alert: Amazon Delivers Dog Food Instead of iPhone

Save Money on Streaming with This Simple Trick

Elon Musk Sets New World Record (And It’s Not a Good Thing)

Can Anyone Access Your iPhone While You Sleep? (Check This Hidden Setting!)

About · Contact Us · Get Free Daily Tech Tips
Copyright © 2023 · YouCanLearnThis.com