In its most recent earnings report (PDF), PayPal stated that merchants in the United States would soon be able to take payments using their iPhones without dongles or card readers. Apple’s Tay to Pay technology will be included in the payment service “soon.” This implies that companies and sellers will be able to accept payments made using contactless debit or credit cards, as well as mobile wallets such as Apple Pay, through the PayPal or Venmo app. They just need to make sure they’re utilizing an iPhone XS or a later model.
In February of this year, Apple originally revealed the Tap to Pay function on the iPhone. Staff workers at the Apple Park tourist centre in Cupertino were observed testing the function a few months later. It seemed to be a threat to payment businesses like Square since it made payments as simple as bumping phones together. On the other hand, Square jumped on board fast and debuted Tap to Pay integration in September after conducting an early access programme.
In addition to the Tap to Pay announcement, PayPal has disclosed that Apple Pay will be included as a payment option to its checkout solution for merchant platforms. Customers in the United States will be able to link their PayPal and Venmo credit and debit cards to their Apple Wallets beginning next year. In a statement to Bloomberg, PayPal Chief Executive Officer Dan Schulman stated that the business is “extremely excited to be collaborating with Apple to expand [its] products for… PayPal and Venmo merchants and customers.” It’s also worth noting that in its earnings report, PayPal mentioned briefly making Venmo accessible as a checkout option for select Amazon consumers in the United States. The business underlined that the service would be available to all customers in the nation over the upcoming Christmas season.
