Small businesses will soon be able to accept payments from Apple’s Tap to Pay app thanks to a new collaboration. The digital payment platform Square partners with Apple to roll out new support for Tap to Pay on iPhones. The feature will be integrated into Square’s point-of-sale app to enable “in-person contactless payments.” Business owners will no longer have to rely on Square’s add-on devices to accept payments.
You might know Square best if you’ve ever been to a small business and seen that the store owner’s iPhone or iPad was connected to a dongle. These dongles are often Square’s own card reader, and have proven to be very popular with business owners.
In February 2022, Apple launched its Tap to Pay app to allow more businesses to accept Apple Pay and other types of contactless payments. Some feared this would spell the end of Square and other hardware-based businesses like it, but it doesn’t.
Apple said it will work with payment platforms so everyone can use its new app. Stripe was the first platform to benefit from this support, then Shopify. Now Square is joining them and integrating Apple’s contactless payment support into its transaction system.
New Tap to Pay support has no official launch dateexcept that it will be rolled out later this year.
An early access program
Square is starting with an early access program for merchants who wanted to try out the new Tap to Pay support. All you have to do is enter your details and the type of business you run.
Apple’s addition of software support for payments raises an interesting question about the future state of transaction hardware. That’s not to say that Square and other similar payment platforms are going to go bankrupt or that card readers are going to go away anytime soon.
Square’s card readers are still widely used and likely will be for some time to come. But the long-term future is less certain. An ever-increasing reliance on software to manage transactions could change the way people do business.