Apple Tap To Pay Feature: It will become even more accessible for iPhone users to make payments. Apple has announced a tap-to-pay feature for iPhones. This new feature brings ease to business by turning iPhones into payment terminals. The company said users could pay for their business using the iPhone and Apple Pay, contactless credit and debit cards and other digital wallets with a simple tap on their device without any additional hardware.
Apple’s tap-to-pay feature will be available on the iPhone XS and later models. It will also be available for payment platforms and app developers to integrate into their iOS apps and offer them a payment option.
The company said that Stripe would be the first payment platform to offer its customers the tap-to-pay feature on the iPhone. It will come on the Shopify Point of Sale app. Later this year, the company said that this feature would be available on the Xtra payment platform, app and Apple stores in the US.
In addition, the company says that tap-to-pay on iPhone will work with contactless credit and debit card payments from payment networks including American Express, Discover, MasterCard and Visa.
How Apple’s Tap-to-Pay Feature Works
Apple’s newly launched tap-to-pay feature uses NFC technology to enable payments. The company said that merchants would offer their customers contactless payments through the supporting iOS app once the tap-to-pay feature is available on the iPhone.
At the time of checkout, the merchant will ask the customer to make the payment using their iPhone or Apple Watch with Apple Pay, their contactless credit or debit card or any other digital wallet near the merchant’s iPhone, after which the payment will be completed securely.
How much better will the feature be in terms of safety
On the privacy front, Apple says that with Tap-to-Pay on the iPhone, customers’ payment data is secured using the same technology it uses to secure Apple Pay. Also, the company will not know what is being bought or who is buying it.
Apple said it is rolling out its tap-to-pay feature for business people in the US. There is currently no information on when it will come to other parts of the world.