PayPal and Venmo today announced the rollout of Tap to Pay for small businesses in the U.S., a new feature that allows businesses to accept contactless payments directly on their Android mobile devices with no additional hardware or upfront cost.
Tap to Pay is a secure and convenient way for customers to pay for goods and services. With Tap to Pay, customers simply tap their credit or debit card or digital wallet on the back of a merchant's mobile device to complete a payment.
The rollout of Tap to Pay is a major win for small businesses, which have been increasingly reliant on contactless payments in recent years. According to a global consumer study by Mastercard, nearly 80% of buyers have used contactless payments to complete a purchase.
With Tap to Pay, small businesses can now accept contactless payments without having to purchase and manage additional hardware. This can save businesses time and money, and it can also help them streamline their operations.
In addition, Tap to Pay allows businesses to manage both their Venmo and card payment transactions directly within the Venmo app. This can help businesses to track their sales and cash flow more easily.
"Tap to Pay is the last milestone in the democratization of in-person card payments," said Ed Hallett, Head of Product, Microbusiness, PayPal. "We're unlocking access to this capability for the millions of businesses using Venmo and PayPal Zettle, helping them drive sales with frictionless payment options."
Small business owners can start accepting contactless payments with Tap to Pay today. To learn more and about either payment solution, visit the Venmo or PayPal.
Benefits of Tap to Pay for Small Businesses
- Accept contactless payments without additional hardware or upfront cost
- Manage both Venmo and card payment transactions in one place
- Track sales and cash flow more easily
- Streamline operations
- Provide customers with a convenient and secure way to pay
How to Get Started with Tap to Pay
- If you have a Venmo business profile, you can request early access to Tap to Pay.
- If you use PayPal Zettle, Tap to Pay is already available to you.
- Alternatively, create a new account with either payment provider.
