08/09/2022
What is Tap to Pay and how can your iPhone become a contactless card reader?
Accept payments, Apple style
From virtual credit cards to contactless payments, Apple wants the iPhone to replace your wallet. But while buyers might be equipped to ditch their billfold, what’s in store for small business owners? Tap to Pay: a feature which allows merchants to accept contactless payments on an iPhone.
Whether you’re a shopper or a shopkeeper, you’ve probably seen or used a contactless card reader. The key difference with Tap to Pay? You don’t need any additional kit to set up shop. No keypad or terminal: just a compatible iPhone, which you might already own.
Besides making it simple to set up, this could help to keep costs down at a time when bills are soaring. So how will Tap to Pay work? And when and where will it be available? We’ve covered all the details below.
