In a discipline of requital methods, we found that people who use mobile payments like Apple Pay are actually into it. Most citation it as their ideal requital method acting above credit cards and say they are probably to seek businesses that are set up to accept mobile payments .
There ’ second wider adoption among younger groups like Millennials, but as that groups is immediately the largest generation ( and one with big buying baron ) you should get comfortable with mobile payments now sooner rather than late .
To help you do that ( or to refresh your memory ), here ’ s a fuse on how to accept Apple Pay for small businesses :
Apple Pay for Business
Why accept Apple Pay
How does Apple Pay work ?
Is Apple Pay barren for merchants ?
Is Apple Pay secure ?
What hardware do you need to accept Apple Pay ?
How do I accept Apple Pay ?
How do I train my staff to use Apple Pay ?
How do I let customers know I accept apple Pay ?
Do most businesses accept Apple Pay ?
Apple Pay for Business
Before you make a decision about accepting Apple Pay, let ’ s go over how it works. Apple Pay transactions are a type of contactless requital that are enabled through a engineering called near field communication, or NFC. NFC is what enables two devices — like a smartphone and a payments proofreader — to communicate with each other when they ’ re held cheeseparing together .
Apple Pay is available the iPhone, iPad, and Apple Watch. Learn more about how to set up Apple Pay on your device .
Why accept Apple Pay and other mobile payments?
There are two main reasons to accept mobile payments like Apple Pay for your business : speed and security .
mobile payments are processed faster than magnetic-stripe cards and chip calling card payments, which means they can make a serious dent in delay times at the register ( and, as a result, improve customer satisfaction ) .
When it ’ s the lunchtime rush and you ’ ve got a line out the door, you need to ring up customers equally quickly as possible. If the line international relations and security network ’ metric ton moving fast enough, customers might go somewhere else. In other words, the fast you serve customers, the more money your business makes .
We ’ rhenium using burgers to represent an “ item. ” Of course there are a phone number of factors here — how many customers are fumbling for change or how long it takes your staff to give change back, how gawky customers are with their call, how debauched your short order cook can flip burgers — but the graph gives you a good mind of each payment type ’ s speed .
What ’ s the kernel ? Your line moves a bunch faster with Apple Pay and that ’ s better for your business .
even more significant than travel rapidly, Apple Pay transactions are very guarantee. The circuit board data is tokenized, encrypted, and constantly changing, which makes it direction more difficult for fraudsters to do anything with it .
Apple Pay has an added level of security system, requiring fingerprint confirmation or authentication from your earphone password. That means even if thieves are able to unlock your call, they still won ’ t be able to access your Apple Pay account. Accepting Apple Pay means you ’ re good protected against imposter and that ’ s better for everyone .
Is Apple Pay free for merchants?
Apple Pay is free for consumers but comes with a few costs for merchants. Square charges a process fee of 2.6 % + 10 penny tip for contactless payments in addition to any hardware costs the merchant may incur. If you are using a Square Terminal, Square Contactless + Chip Reader, or accepting payments through a Square Online web site, you can accept Apple Pay .
How does Apple Pay work?
Apple Pay is Apple ’ s mobile wallet. In stores, Apple Pay allows you to check out and pay by holding your telephone over a payments reader that can accept Apple Pay. In apps, Apple Pay allows you to trigger a payment from equitable a tap on your phone. On a web site, click the “ Buy with Apple Pay ” push button on the checkout page and then confirm the payment with a tap on your phone or the button on your Apple Watch .
Apple Pay utilizes NFC ( near field communication ), which enables two devices to communicate wirelessly when they ’ re close together. increasingly, NFC is being used to ability contactless payments like Apple Pay .
Apple Pay uses a technology called tokenization to safeguard deposit details. After you take a word picture of your credit rating card and lode it into your iPhone ( you can read our detailed guide about how to set up Apple Pay here ), Apple sends the details to your poster ’ randomness issuing bank or network. During a transaction, NFC transfers a token from your iPhone to the payments processor, securely and quickly. It ’ s deoxyadenosine monophosphate easy as that .
Is Apple Pay secure?
It ’ mho lifelike to question the guard of loading your recognition card and bank information on a device, but rest assured, it ’ second very secure. here ’ second why : In order to authenticate a payment through your phone, you have to hold your finger on the Touch ID button to have your print scanned and verified. You can besides use Face ID to unlock your call and open Apple Pay.The integral transaction is complete in fair a few seconds .
beyond fingerprints, the data associated with your cards is encrypted and constantly switch, therefore tied if your call is stolen, thieves wouldn ’ thymine be able to do anything with the data. That makes the engineering more impregnable than magnetic-stripe cards, or even cash for that matter.
What hardware do I need to accept Apple Pay?
Most NFC-enabled terminals ( like Square Reader for contactless and bit ) accept Apple Pay. Customers just hold their Apple device over the terminal and complete the transaction with their touch ID, or fingerprint. Square ’ s NFC reviewer connects with Square Stand, and you can besides use it for transactions outside your storehouse, like at events or outdoor markets. Apple Pay for businesses is becoming increasingly more common .
Apple Pay isn ’ thyroxine equitable accepted in stores — now you can use it within certain apps and websites. There ’ south obviously no NFC lector involved in these transactions. If you ’ re using Apple Pay in an app, precisely place your finger on the Touch ID button .
If you ’ re using it in a web site, click the “ Buy with Apple Pay ” button on the checkout page and then confirm the requital with the Touch ID on your phone. You can use Apple Pay within the apps of businesses such as Caviar, Target, Airbnb, Groupon, Etsy, and Sephora .
How do I accept Apple Pay at my business?
Accepting Apple Pay at your business is easy. here are some best practices for setting up your Square Reader and Apple Pay marketing kit :
- Get a new NFC-enabled payment terminal that accepts contactless payments like Apple Pay. Square Reader for contactless and chip, Square Stand for contactless and check, Square Terminal and Square Register all accept contactless payments. Our newest Square Stand fits iPad ( 2019 ), iPad Air ( 2019 ), and iPad Pro 10.5 ” .
- Set up your new reader. Square Reader for contactless and chip connects to your device wirelessly american samoa long as you have a compatible io device. It besides works with Square Stand — precisely plug it into the hardware hub using the Dock for Square Reader. If you ’ re setting it up with Bluetooth LE, make certain Bluetooth is enabled on your mobile device. then open the Square app and connect the reader. Make sure the proofreader is facing your customers and is within their strive so they can make apple Pay payments easily .
- To accept payments, have customers hold their iPhone, iPad or Apple Watch near the reader until four green lights appear and a chime sounds. When you see the check mark on your riddle, the transaction is complete .
You can besides accept Apple give on your web site. Square Checkout, a hosted check and on-line payment form that developers can implement with a individual integration, supports Web Apple Pay .
In accession, Square e-commerce API supports Web Apple Pay and makes it easy for developers who are building their own checkout flow to include an option for Apple Pay at check .
How do I train my staff to use Apple Pay?
The more knowing your employees are about Apple Pay, the more likely they are to recommend it to your customers. so use the materials provided with your Apple Pay marketing kit out to train your staff .
It includes a trail sheet that explains how to accept Apple Pay payments. It besides explains how to help your customers set up Apple Pay, in case they need a hand .
The kit besides includes stickers that are darnel sheets for your staff — in lawsuit they need a reminder about how to accept Apple Pay or tell a customer how to set it up. Put the stickers near your detail of sale so they ’ ra easy to access during transactions .
How do I let customers know I accept Apple Pay?
once your commercial enterprise is ready to accept Apple Pay, let your customers know about it .
Placing Apple Pay decals throughout your storehouse is an easy direction to let customers know that you accept apple Pay — and they ’ re included free in your Apple Pay market kit. Each kit includes : one window decal, two record decals, and six POS terminal decals, with a maximum regulate of one per business. It ’ s a pretty low-tech means to get the message out, but surprisingly effective. ( Apple offers dislodge Apple Pay decals on its web site besides. )
To make sure you reach people who haven ’ thyroxine been in your shop recently, post on your social media accounts that you ’ re all hardening for mobile payments. possibly post a video of your fresh Square Reader to show your most tech-savvy customers that you ’ re ready for mobile payments .
Or, use Square ’ s e-mail selling software to inform your regular customers of the update ( while you ’ re at it, it ’ s a good opportunity to let them know about new items or services ). We ’ ve created a template that you can send your customers correctly away. You can besides incentivize shoppers who use apple Pay at your business when they buy something in the next week — be certain to mention it in the e-mail .
Using Apple Pay besides makes it easy for you to run your clientele on the run. With Square Debit Card, a personalized commercial enterprise debit card, you can use Apple Pay for the fastest and most secure payments on-line, in-store, and in-app.
Do most businesses accept Apple Pay?
Apple Pay is presently accepted at over 85 % of retailers in the U.S. Millions of stores presently accept Apple Pay as a human body of payment in stores and on-line. Apple Pay is a way for consumers to replace physical cards with cash for an easier, more batten way to transact. Currently, your customers that use apple Pay can store their Visa, American Express, Bank of America, and Chase cards, equally well as many credit and debit cards supported by major banks in their wallet .
Accepting Apple Pay at your commercial enterprise not only gives customers another option for requital, they can pay with any of the cards that would be in their physical wallet, digitally .
Ready to use Apple Pay at your business? Order our Square Reader for contactless and chip for just $49.