Security Guide to Accept Apple Pay for Business, Use Apple Pay
Let’s face it, you, me, and the rest of the United States, especially people who are part of the millennial generation have a reputation for being glued to our smartphones. The iPhone has consistently been the smartphone of choice; per Q2 of this year the iPhone held 46 percent US smartphone market share.
If you are located in NJ or NYC like I am or your customers are, we have a reputation for moving quickly and not having much patience (ie. to wait in line for slow payment terminals to process payments). Plus, there are the morning jogs through Central Park or weekends walking the dog around Jersey City that make carrying a physical wallet a hassle. There have been so many times I went for a walk without bringing a physical wallet only to end up wanting something to drink or seeing a store that I liked that I could not make a purchase from at that time. I bet some of your customers can relate to this. But, location does not matter – consumers as a whole want convenience.
Cue the digital wallet. With the digital wallet on iPhone, as consumers we all can use Apple Pay and as a merchant you can accept Apple Pay as a form of payment for your products and services. When it comes to digital wallets and near field communication on iPhone or NFC payments in general, security sometimes comes in question. You may be wondering how secure is it to accept Apple Pay and deliver Apple Pay? In this guide, we review Apple Pay security.
Apple Pay is more secure than traditional credit cards, debit cards, and prepared cards. The following highlights from Apple speak to Apple Pay’s security.
Apple Pay transaction approved, image by Apple
Accepting Apple Pay for business is a seamless and simple process to get started with when you work with a payment processing company such as Priority Payments Local. To help you get more familiar with the solution and process, we’ve put together some frequently asked questions.
The short answer: You’ll need to work with a payment processing company that offers this service along with fintech that is compatible with Apple Pay. From there, a good credit card processing company payment processor will take the lead to get you set up so that you can accept Apple Pay quickly and easily.
Details of what you need to accept Apple Pay include:
That depends. United States based merchants: if you accept Visa, MasterCard, American Express, Discover, and contactless payments today, it’s likely you are able to accept Apple Pay for those networks without any changes. If you’re not already accepting contactless payments, contact your payment provider to make sure that your point-of-sale setup can accept Apple Pay, then ask them to enable it.
Let your customers know that a form of payment you accept is Apple Pay by showing Apple Pay’s symbols online and/or in your store. The following resources are available.
They will need to set it up on their phone – a process that is quick and easy. What they need to know about setting up Apple Pay:
Priority Payments Local is proud to offer Apple Pay fintech and payment processing services to companies that are located within the United States. Contact us for additional information or to get started with accepting Apple Pay for your business.