Tap to Pay on iPhone is now live for all Venmo business
profile and PayPal Zettle users in the U.S.
SAN JOSE, Calif., March 7, 2024 /PRNewswire/ -- PayPal
Holdings, Inc. (NASDAQ: PYPL) today announced that Tap to Pay on
iPhone is now available for all Venmo business profile and PayPal
Zettle users in the U.S., enabling them to accept contactless card
and digital wallet payments directly on their iPhones with no
additional cost or hardware. This is the latest development in
PayPal's ongoing efforts to help small businesses sell more, grow
their business, and manage their finances more efficiently.
Consumers are increasingly going cashless. More than 40 percent
of Americans surveyed say that none of their purchases are
made with cash in a typical week, and that trend is expected to
continue. As a result, accepting card and digital wallet payments
in person is increasingly table stakes for small businesses, but
until recently, businesses have had to purchase and manage card
readers to do so. With Tap to Pay on iPhone, PayPal is helping
millions of small businesses adapt to this shift in consumer
behavior in a fast, easy, and more affordable way.
"As consumers increasingly turn to non-cash options to pay,
small businesses are looking for affordable and flexible ways to
offer their customers more payment choice without being tied down
to a fixed location," said Nitin
Prabhu, VP, Small Business & Financial Services, PayPal.
"With Tap to Pay on iPhone, millions of small businesses that use
Venmo and PayPal Zettle can now start accepting contactless card
and digital wallet payments nearly anywhere, directly on their
iPhones, which can expand their customer base and drive incremental
sales."
With Tap to Pay on iPhone, Venmo business profile and PayPal
Zettle users in the U.S. can get set up in minutes and begin
securely accepting contactless cards and digital wallets directly
on their iPhones. They can also add taxes, accept tips, send
receipts, and issue refunds. In addition, funds from sales will
settle quickly into a business's Venmo or PayPal Zettle account,
helping to streamline operations and manage cash flow.
Tap to Pay on iPhone will also enable Venmo business profile
users to dramatically expand their customer base and accept
payments from buyers even if the buyer doesn't have a Venmo
account. They can also manage both their Venmo and card payment
transactions directly within the Venmo app.
Venmo business profile and PayPal Zettle users like Saint Paul
Spice Company and The Cheesecake Queen are already seeing
success with Tap to Pay on iPhone.
"Enabling Tap to Pay on iPhone with our Venmo business profile
was really easy, and my customers really love it because it's a
quick and convenient way for them to pay," said Elaine Bailey, founder of The Cheesecake
Queen based in Houston,
Texas. "It's especially handy when I have a long line of
customers and need to get payments processed quickly. The solution
has made it so fast and simple to accept payments when I'm selling
at popups and festivals, especially because a lot of my customers
don't want to carry cash, and prefer to pay with a digital wallet
like Venmo or with cards. My customers are actually amazed at the
Tap to Pay on iPhone option provided through Venmo, it's by far the
smoothest, easiest transaction method I've ever
used!"
Small business owners can get set up in just a few simple
steps and start accepting contactless cards and digital wallets
through their Venmo business profile or through PayPal
Zettle.*
Learn more about Tap to Pay on iPhone for Venmo business
profile users and Tap to Pay on iPhone for PayPal
Zettle users.
*Standard transaction fees apply.
About PayPal
PayPal has been revolutionizing commerce
globally for more than 25 years. Creating innovative experiences
that make moving money, selling, and shopping simple, personalized,
and secure, PayPal empowers consumers and businesses in
approximately 200 markets to join and thrive in the global economy.
For more information, visit https://www.paypal.com,
https://about.pypl.com/ and
https://investor.pypl.com/.
Media Contacts
PayPal
Grace
Nasri
GNasri@PayPal.com
Nicole
Andreas
NAndreas@PayPal.com
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SOURCE PayPal Holdings, Inc.