Square will integrate Apples Tap to Pay app into the platform

Date:
Fri, 03 Jun 2022 22:00:24 +0000

Description:
Square will integrate Apples Tap to Pay app into the platform

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Small businesses will soon be able to accept payments from Apples Tap to Pay app thanks to a new collaboration.

Digital payment platform Square is teaming up with Apple to roll out new support for Tap to Pay on iPhones. The feature will go onto Squares Point of Sale app to allow in-person contactless payments. Business owners wont have
to rely on Squares add-on devices to accept payments.

You may be more familiar with Square if youve ever gone to a small business and seen that the store owners iPhone or iPad is connected to a dongle. Those dongles are often Squares own card reader and they have proven to be pretty popular with business owners.

Back in February 2022, Apple launched its Tap to Pay app as a way for more businesses to accept Apple Pay and other types of contactless payments. Some were concerned this spelled doom for Square and other similar companies that rely on hardware, but that wasnt the case.

Apple stated that it would work with payment platforms so everyone could use its new app. Stripe was the first platform to get that support, then Shopify.Now, Square is joining the mix, integrating Apple's contactless payment support with its transaction system

The new Tap to Pay support doesnt have an official launch date other than it will roll out later this year. We asked Block Inc. if there are any hardware limitations for the service and a representative was able to confirm that you will need an iPhone XS or later device to use the app.

Square is starting with an Early Access Program for merchants that wanted to try out the new Tap to Pay support. All you have to do is enter your contact information and the kind of business you run. Analysis: Moving past hardware

Apple adding software support for payments poses an interesting question on the future state of transaction hardware. This isnt to say that Square and other similar payment platforms are going to go bankrupt or those card
readers will be going away anytime soon.

Squares card readers are still widely used and probably will be for a while. But the long-term future is less certain. A study from Juniper Research
states that contactless payments via app will reach $49 billion transactions next year.

An ever-increasing reliance on software to manage transactions could change how people do business. Cash registers may go extinct at some point. If youd like to know what the best contactless payment apps are, TechRadar has a list of the best ones .



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Link to news story: https://www.techradar.com/news/square-will-integrate-apples-tap-to-pay-app-int o-the-platform/


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