PayPal stated in its most recent earnings report (PDF) that merchants in the United States will soon be able to accept payments using their iPhones without the usage of dongles or card readers.
Apple’s Tap to Pay technology will be integrated into the payment service “soon.” This implies that companies and sellers will be able to accept payments made using contactless debit or credit cards.
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It will also include mobile wallets such as Apple Pay, via the PayPal or Venmo app. They only need to make sure they’re utilizing an iPhone XS or 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 center in Cupertino were observed testing the feature a few months later.
It appeared to be a threat to payment businesses like Square because it makes payments as simple as bumping phones together.
Square, on the other hand, jumped on board fast and debuted Tap to Pay integration in September after running an early access program.
In addition to the Tap to Pay announcement, PayPal has revealed 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.
PayPal Chief Executive Officer Dan Schulman said in a statement to Bloomberg that the company is “extremely excited to be collaborating with Apple to expand [its] products for… PayPal and Venmo merchants and customers.”
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It’s also worth noting that in its earnings report, PayPal mentioned briefly making Venmo available as a checkout option for select Amazon consumers in the United States.
The business reiterated that the service will be available to all customers in the country over the upcoming holiday season.
