Apple's iPhone-to-iPhone Payments Feature Now Available to More Businesses

[MacRumors]

Tap to Pay on iPhone is now available to over 700,000 additional businesses across the U.S., marking a major expansion of the feature.

Starting today, businesses with an online store built on the Wix.com platform can accept in-person payments with Tap to Pay on iPhone. Launched in 2022, the feature allows for iPhone-to-iPhone contactless payments, with no additional point-of-sale hardware from companies like Square or Clover required for the transactions.

At checkout, a customer can tap their iPhone or Apple Watch, credit card, or other contactless payment option on the business owner's iPhone, and the payment will be securely completed using the same NFC technology behind Apple Pay.

Businesses can accept payments with Tap to Pay on iPhone using the Wix Owner app on the iPhone XS and newer after setting up the feature.

Wix.com said over 700,000 online stores used its platform as of 2021.

Article Link: Apple's iPhone-to-iPhone Payments Feature Now Available to More Businesses

 

[k1121j]

so what's the merchant fee? more then 2.9% I presume?

 

[bradman83]

so what's the merchant fee? more then 2.9% I presume?

From my understanding the recipient will still need a merchant services account like Square to receive the funds, this just enables the NFC phone-to-phone compatability. The merchant fee would vary depending on whichever company the vendor decides to go with. Apple is not facilitating these transactions themselves.

 

[Sciomar]

This is the way! The more adoption, the better in my opinion! It's easier than remembering a dongle to charge cards with (looking at you square).

 

[sniffies]

Wait, which iPhone model is that one with white background?

None of the iPhones have a thin bezel like that.

 

[TheYayAreaLiving 🎗️]

Nice feature but I like to use Titanium Apple Card.

 

[kuwxman]

Wait, which iPhone model is that one with white background?

None of the iPhones have a thin bezel like that.

🙌 Photoshop 🙌

 

[james smith123456789]

Long-awaited feature

 

[Sciomar]

Wait, which iPhone model is that one with white background?

None of the iPhones have a thin bezel like that.

It is a mock-up, look at the unevenly placed bar at the base.

 

[contacos]

Do you receive a receipt with this?

 

[npmacuser5]

Is Apple assuming every customers has an Apple device? Struggling with what would be the advantage over using the current merchant devices.

 

[TheYayAreaLiving 🎗️]

Wait, which iPhone model is that one with white background?

None of the iPhones have a thin bezel like that.

🙌 Photoshop 🙌

Also, the iconic iPhone is Notch is there too. I wonder what the animation looks like on Dynamic Island.

 

[sw1tcher]

Wait, which iPhone model is that one with white background?

None of the iPhones have a thin bezel like that.

Someone at Apple accidentally leaked the iPhone 15 with ultra-thin bezels

iPhone 15 Pro Front Glass Leak Reveals Ultra-Thin Bezels Around Display

While the iPhone 15 lineup is still around six months away, front glass panels for the devices were allegedly leaked today in a pair of videos shared...

www.macrumors.com

 

[mystery hill]

Is Apple assuming every customers has an Apple device? Struggling with what would be the advantage over using the current merchant devices.

The advantage would be that businesses wouldn’t need to purchase additional card terminals to accept payments. They could repurpose older phones, or use existing iPhones that serve multiple purposes.

It’s also much easier to buy an iPhone as they’re available from so many retailers and online stores than to buy a dedicated card terminal and wait for it to be shipped.

Customers don’t need an Apple device. They can use a contactless debit card, credit card, Google Pay, Samsung Pay…

 

[ignatius345]

This would be handy for person-to-person transfers as well. Smoother than asking someone for their Venmo user name or whatever.

 

[albert421]

so what's the merchant fee? more then 2.9% I presume?

This is the biggest misunderstanding of this feature. Apple is not getting into the payment collection business. Apple is not competing with any payment processor like Square or Stripe.

What Apple did is that they release a new API which enable the NFC hardware in the iPhone to support tap-to-pay of a credit card. This mean iPhone can now be use to replace a dedicate hardware point of sale system Square makes.

Apple added support for iPhone to turn into a point-of-sale system with software. This has nothing to do with payment processing, hence your question about fees are not applicable.

 

[albert421]

This would be handy for person-to-person transfers as well. Smoother than asking someone for their Venmo user name or whatever.

It is not smoother, also you can't just charge your friends credit card without establishing contract with a payment processor. There are legal and tax and fees things to deal with. Apple Cash and Venmo is the way to send money with friends, not this.

 

[mystery hill]

It is not smoother, also you can't just charge your friends credit card without establishing contract with a payment processor. There are legal and tax and fees things to deal with. Apple Cash and Venmo is the way to send money with friends, not this.

You currently need a contract with a payment processor, but they could expand the Tap-to-pay (NFC) functionality to include person-to-person transfers or payments with Apple Cash.

 

[alexandr]

Nice feature but I like to use Titanium Apple Card.

But you get less cash back that way!

 

[zinacef]

Nice feature but I like to use Titanium Apple Card.

Still not as hefty as the Amex Platinum. 😉

 

[ignatius345]

It is not smoother, also you can't just charge your friends credit card without establishing contract with a payment processor. There are legal and tax and fees things to deal with. Apple Cash and Venmo is the way to send money with friends, not this.

Yeah, what I'm saying -- and I guess I wasn't clear -- is that it would be convenient if Apple Cash worked this way. Obviously you aren't going to be processing credit card transactions with your friends and casual acquaintences.

 

[bradman83]

Do you receive a receipt with this?

That will depend on the software you pair this function with. Most payment processing apps have the option to produce receipts via text, email, or by connection to a wireless receipt printer. It’s ultimately up to the receiving party to determine what types of receipts they want to offer.

 

[DailySlow]

It is not smoother, also you can't just charge your friends credit card without establishing contract with a payment processor. There are legal and tax and fees things to deal with. Apple Cash and Venmo is the way to send money with friends, not this.

Also Zelle for transfers between two accounts at same institution/bank.

 

[dontwalkhand]

Do you receive a receipt with this?

It depends how the merchant has it set up. You can receive anything from a regular paper receipt, to an email, to a text message to even a whole 8/12x11" invoice.

 

[genovelle]

Is Apple assuming every customers has an Apple device? Struggling with what would be the advantage over using the current merchant devices.

There are 2 billion apple devices in use. This empowers merchants to not require expensive hardware or undependable Bluetooth readers that connect when they want to. Now they can accept payments directly using their Apple device. It will accept whichever payment types the merchant’s card processor will accept. Most cards are now tap compatible as well, so few will need to be typed in.