PayPal enables Tap to Pay for Venmo and Zettle businesses in the US
By Delisha Fernandes
PayPal announced that Tap to Pay on Android is rolling out for Venmo business profile users in the US, enabling them to accept contactless payments directly on their Android mobile devices with no additional hardware or upfront cost.
Nearly 80 % of buyers have used contactless payments to complete a purchase, but until now, small businesses have needed to pay for and manage card readers to meet this consumer expectation. That is all set to change with the advent of Tap to Pay technology.
With Tap to Pay through Venmo, small businesses in the US can start accepting contactless cards and digital wallets within minutes, directly on their mobile devices, with no upfront cost or additional hardware. Business profile users will also be able to manage their Venmo and card payment transactions directly within the Venmo app and have all their funds settle into their account, helping streamline operations and manage cash flow.
“Tap to Pay is the last milestone in the democratisation of in-person card payments, where users can start taking card payments with no setup cost in a matter of minutes,” said Ed Hallett, Head of Product, Microbusiness, PayPal. “We are unlocking access to this capability for the millions of businesses using Venmo and PayPal Zettle, helping them drive sales with frictionless payment options.”
In addition, Tap to Pay on iPhone is now available to select Venmo business profile and PayPal Zettle users, with plans to make it available to all Venmo business profile and PayPal Zettle users in the US soon.
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September 29, 2023