Yeah, if anything it actually helps Square by lowering its barrier to entry. Merchants can choose to use Square to process payments without needing to buy Square hardware first.
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Apple Announces 'Tap to Pay' Feature Allowing iPhones to Accept Contactless Payments Without Additional Hardware
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This is going to be HUGE for small businesses. I can't wait! Fantastic news that it's coming to the XS. Is this iOS 16 then it sounds like?
Umm, no. As a former SB owner, I can tell you now, Square, Stripe, and similar vendors have nothing to worry about. Not only can you get a much better POS setup for less than the price of an iPhone, but you also need robust software for things like POS, analytics, payroll, etc.
Even Zelle and Venmo aren’t in any danger. Most people I know transfer money via software, not when they’re in person, and they’re cross platform.
I see this as a non-event, even for most iPhone users.
Not so fast. It says in the article that you use a third party payment provider to set it all up. Square could easily be one of them.
No, Tap to Pay is just a feature not a service. You still need a payment processor (e.g. Stripe, Square, etc) or Apple Pay to use it.
In a country where contactless is pretty universal, I really hope whatever needs to happen to get this to the UK gets done… this would be so good for in person payments such as selling my old stuff on Facebook.
The payer will authenticate as they do today, with a double click and FaceID.
I'm not sure I follow why - this feature is a developer API, not a complete app. The idea is that Square and other POS apps can use this as an alternative to the normal NFC payment flow.
Only if they're using Apple Pay. Otherwise Tap to Pay works with contactless debit/credit cards too which do not require authentication from the buyer.
Don’t you think a company of Apple’s scale could launch a feature like this in multiple countries if they really wanted? It’s a question of effort and desire.
I think a lot of people are confusing it for a payment processing service instead of a feature.
Why did they say this now? Afraid of stocks falling more so had to get this out? I feel like this is apart of the newer iOS update this year, or at least should be.
Making pick pocket thieves lives easier. Good for you, Apple.
No longer will they need to risk getting caught by attempting to pick pocket someone on the subway. Now, they just have to hold their iPhone next to someone's
What makes you think they aren't working on expanding it to other countries? They probably announced it for the US first to get it out of the door since it's the quickest to get regulatory approval (Apple being an American company).
Blame your country's banks. Most of the time it's the banks that are holding up Apple Pay not Apple. That's why in some countries Apple Pay only works with certain banks.
It's more than that. Most importantly, amenable countries/regulators/banks along with a business case that makes sense for Apple.
I haven't thought of this before, but I wonder what kind of limitations (besides locations) and how much Apple takes as a cut (has taken). Too lazy to look it up, but maybe someone here knows
Android's had this feature for about a year now through Visa's Tap To Phone.
Wait. Did you think this was an original Apple idea? ?
How so? Apple isn't providing an app for this functionality. It'll still be reliant on app makers to implement it.
Will this idea be extended to allow non-businesses to exchange money? So I could pay, say, my brother half of a bill using just our phones?
When that happens, and is compatible with many phones, cash will truly be dead.
When that happens, and is compatible with many phones, cash will truly be dead.
That Apple Card and cash have been available in the US for years and, as yet, as far as I’m aware, they are yet to expand anywhere else. I’m not even aware of a mention of expanding elsewhere.
Not at all lol. Those vendors will just adopt this API.