What Is Apple “Tap to Pay” and How Can iPhones Use it to Accept Payments?

Gadgets

Tap to pay on iPhone enables customers to pay for purchases using Apple Pay on their iPhone. “Tap to Pay on iPhone” runs on iPhone XS and above models.

Businesses can accept payments from customers with Apple Pay, a feature of the new iPhone 6 and Apple Watch. The tech giant is entering the burgeoning mobile payment market through an announcement made at its developer conference in San Francisco on Monday.

Apple has announced that its new iOS 11 software will allow iPhones and Apple Watches to work as a payment terminal for contactless payments, such as Apple Pay. It’s not hard to see the appeal of this feature. In most cases, customers need their phones or cards out of their wallets to pay for items because they have reached the limit of what they can spend with a card.

A contactless payment would ensure that customers don’t need to take anything out of their pockets or bags. Contactless payments also eliminate one of the major sources of fraud, which is people stealing credit

Apple Pay on iPhone

Apple explains:
The Tap-to-Pay feature on iPhone will be available to apps and payment processors for integration into iOS apps and provide the option of paying the business clients of their customers. Stripe is the first platform to provide Tap to pay on iPhone to clients in the business sector, as well as Shopify’s Point of Sale app. Shopify Point of Sale app in the spring. Other payment platforms and applications will be added later in the year.

Jim Ducharme, COO at Outseer Explains “Apple’s Tap to Pay is an obvious evolution for payment technology. Although NFC technology is not new but it is still begging the question of how secure these kinds of transactions be? If new payment methods come up it is often not possible to think about important factors like identity authentication as well as fraud prevention. It’s essential that fraud control techniques exist to safeguard both the consumer and the merchant.”

But regardless of these initial concerns, the move will provide businesses with easier payment options, thus improving the checkout experience.

Apple has also issued an assurance to users that their personal information will be safe and secure. She continues, “In collaboration with payment platforms, app developers, and payment networks, we’re making it easier than ever for businesses of all sizes — from solopreneurs to large retailers — to seamlessly accept contactless payments and continue to grow their business.”

Billy Alvarado, Stripe’s chief business officer, adds, “With Tap to Pay on iPhone, millions of businesses using Stripe can enhance their in-person commerce experience by offering their customers a fast and secure checkout.”

Also read what are the different types of technology

What is Apple Tap to Pay and how to use Apple pay to send money?

Apple Tap to Pay is a new service that will allow buyers to pay through their iPhones. Apple Pay is a mobile payment service that allows customers to make purchases at retail stores by tapping their phone on a terminal. The technology is currently being used in the United States, Australia, Canada and the United Kingdom.

iPhone users will be able to use Apple Pay in supermarkets, gas stations, restaurants, and more. Each user has the ability to create a new iPhone based payment system with the touch of a finger. This is done by using a fingerprint as a security measure.

Apple Pay will be coming to iPhones this fall, according to a report from The Wall Street Journal. It’s unclear what the report means by “coming to iPhones” – In-app payments? A mobile app? Notification when a nearby store accepts Apple Pay?

But it’s clear that Apple Pay will launch on iOS devices at some point in the future. The next question is how will this affect the competitors? For example, will Google Wallet or Samsung Pay be cut out of the ecosystem due to their lack of presence on iOS devices? Apple has been rumored to be working on mobile payments.

FAQs

Q1. When Tap to Pay will be available on iPhone be made available?

The feature will debut in the US after 2022. It is believed to be limited to the US when it launches, with no other countries mentioned.

Q2. Which iPhone models can support Tap for Pay?

Devices that can use Apple Pay within iOS apps or online are Apple Pay devices like the iPhone 6 and later, iPad Air 2 and later, iPad mini 3 and later, iPhone 13, iPad Pro models as well as Macs equipped with Touch ID. Feb 8 and 2022

Q3. Which businesses are supported by Apple’s “Tap to Pay”?

Stripe has announced it will be the first payment service to provide “Tap to pay on iPhone” for their business customers, which includes their Shopify Point of Sale app to be available in the spring of 2022. Additional payment apps and platforms will be added in the coming months as per Apple. Apple Stores in the US will also be rolling out the feature by 2022.

Q4. How to pay with Apple pay on iPhone?

  1. Tap the Buy using the Apple Pay button or Apple Pay button.
  2. Check your payment details and contact information. Input any additional delivery, billing, and contact details if needed.
  3. Touch ID with your finger Touch ID or enter your password to complete the transaction.

Q5. Does Apple Pay charge a fee?

No. Apple doesn’t charge charges when you use Tap to Pay on iPhone — in stores, on the internet, or in apps.

By Andrea Crook

I am Marketing Manager at Digitalize Trends. My role is to research & ideate on trending topics & need to write the niche content as per industry norms. To help & provide relevant information to the community on trending technologies.

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