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

[dontwalkhand]

You like only getting 1% cash back?

Nice feature but I like to use Titanium Apple Card.

 

[genovelle]

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

Zelle is for transfers between different people or business that use banks on the Zelle network.

 

[les_is_more]

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

Read first before saying something you think it’s popular. It takes Apple Pay, yes. But it can also take credit cards and other contactless payment methods directly.

 

[npmacuser5]

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…

Read first before saying something you think it’s popular. It takes Apple Pay, yes. But it can also take credit cards and other contactless payment methods directly.

Excuse me! The article was written terribly and used a picture with two Apple iPhones. Open dialog, the purpose of these forums. The only stupid question is one that is not asked. Third grade teacher. Or one is so smart they never need to ask a question. Sounds like you.

 

[ackmondual]

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).

Call me old fashioned, but I still prefer them Square dongles. I always have my credit card with me, my phone isn't necessarily set up for all of this "new age payments" (nm that I don't use iPhones).

 

[Anaron]

Cries in Canadian.

 

[_Spinn_]

This is very cool!

 

[CARIB_APPLE]

From Wix website “The fee you’ll need to account for with Tap to Pay on iPhone is a 2.6% + 20¢ processing fee charged per transaction.” Ouch!

 

[waloshin]

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.

Not true at all… the merchant would be paying whatever Wix charges per transaction…

 

[Singin Hobo]

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

No, it’s a feature for the merchant’s phone. Only the merchant needs the iPhone for this feature to work. Any tap-to-pay payment works, including credit/debit cards that feature tap-to-pay—which is just about all of them.

I use it with Stripe and it works great with all kinds of stuff.

 

[npmacuser5]

No, it’s a feature for the merchant’s phone. Only the merchant needs the iPhone for this feature to work. Any tap-to-pay payment works, including credit/debit cards that feature tap-to-pay—which is just about all of them.

I use it with Stripe and it works great with all kinds of stuff.

Thanks for the clarification.

 

[svish]

Glad to hear that it is available at more locations. Want to see it outside USA too.

 

[DeepIn2U]

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

The fee you’ll need to account for with Tap to Pay on iPhone is a 2.6% + 20¢ processing fee charged per transaction.

Right from the source link to activate/enable this feature in the FAQ’s.