Cell Phone Wallets
Customers have their smartphones loaded for fast, secure payments. Are you ready? A mobile wallet is a type of mobile app that allows the user to store credit card information and more on their smartphone. The user can then use the mobile wallet to transfer money to friends, make online purchases, and even make in-store purchases. Some of the more popular mobile wallets include Apple Pay, Samsung Pay, Android Pay and Google Pay. In order to accept payments via Google Pay or any other mobile wallet, merchants must have machines with the proper functionality.
Tap to Pay
This allows customers to pay without swiping or inserting their card or handing their payment directly to the merchant. Instead, customers hold their smartphone, smartwatch or enabled credit card close to the card reader in order to pay. Tap-to-pay uses near-field communication (NFC), which allows devices to wirelessly communicate with each other and reduces the need for physical interaction with the POS terminal and employees. When using tap to pay, be sure that the contactless POS terminals are in a customer-facing position and are within easy reach of the customer.