In the wake of COVID-19, more and more businesses have found that payment processing NFC as part of credit card processing services is a must.
Typically, you will find that fintech that accepts Apple Pay also accepts other forms of NFC (near field communication), which is a bonus for customers who don’t have an iPhone.
[Editor’s Note: Not sure what NFC (near field communication is)? We have another guide for that: NFC Payments, Everything You Need to Know About Accepting Them Now]
As you do research into accepting Apple Pay and how to use NFC payments as a way to accept credit cards and accept debit cards for your business, giving customers access to near field communication on iPhone should be a priority due to the iPhone’s popularity. Recent findings have shown that Apple has had the top United States smartphone shipments market share percent since Quarter 1 in 2019.
In our guide, our NJ local payment processing company goes into detail on what exactly Apple Pay is, how to use Apple Pay for the processing of credit cards, and more.
What is Apple Pay & How Do I Use it for Business Credit Card Processing?
Wondering what is Apple Pay? It’s a payment acceptance solution that gives merchants a way to accept contactless payments from their customers. This solution is offered by Apple Inc. and was developed by Apple Inc. for credit card processors and consumers as part of mobile payment and digital wallet services. Accepting and paying with Apple Pay is quick and easy for both merchants and customers and is widely used among a variety of businesses including but not limited to:
Apple Pay Acceptance: Merchants
To use Apple Pay as a merchant who wants to offer your customers this payment solution, you’ll just need the right fintech and fintech company that offers reliable payment processing services. A payment terminal is the most popular type of payment processing equipment that payment processing companies such as Priority Payment Systems Local offer. That fintech will then need to be configured by the payment processor/fintech company which is standard to onboarding of any new equipment and credit card processing services. Let your customers know you accept Apple Pay by displaying these symbols around your store such as at check out or on a door.
[Inquire about getting your Apple Pay decals.]
Apple Pay Usage: Customers
Using Apple Pay is just as easy for customers who will likely look for the Apple Pay symbols as a way of knowing whether or not they can pay with Apple Pay (pay with NFC). Then, they can pay with iPhone Face ID or iPhone Touch ID. Apple outlines the process for each:
Watch the demo to see how it works.
Watch the demo to see how it works.
There are a wide range of fintech options available that accept Apple Pay. Our favorite Apple Pay NFC payment solutions include:
More information on these payment terminals >>
In addition to being easy to accept, the benefits of using Apple Pay include:
Secure Payment Acceptance: The Security Behind Apple Pay
Paying with NFC Apple Pay is more secure than accepting traditional credit cards, debit cards, and prepared cards. Apple outlined security for merchants:
Every transaction on your customer’s iPhone or iPad requires Face ID, Touch ID, or a passcode. And each time your customer takes their Apple Watch off their wrist, the passcode must be entered to access it. In addition, you don’t receive your customer’s actual credit or debit card numbers, so you aren’t handling actual credit or debit card numbers in your systems when customers pay with Apple Pay.
For more information on how to use Apple Pay, how to accept Apple Pay, or something else around payment processing and fintech, contact us.
Priority Payments Local is a payment processing company and fintech company that offers Apple Pay for business in the United States. We service merchants in all states and have a heavy presence in New Jersey, New York, and Florida. When you contact us, be sure to ask about our Net Zero Fee processing program – pay $0 on credit card processing. The processing of credit cards is one of our specialties – see what our merchants had to say on our merchant reviews page.