Payment apps can now accept contactless payments from contactless credit or debit cards, Apple Pay, Apple Watch, and smartphones with other digital wallets — right on iPhone and without any extra terminals or hardware.
I’ve always wondered why was it locked only to merchants, anyone knows?
When you pay a merchant, the merchant pays processing fees, which in addition to running the service, help cover fraud and the rewards you earn with credit cards. If someone isn’t a merchant, you don’t want to actually pay them.
When you pay a merchant, the merchant pays processing fees, which in addition to running the service, help cover fraud and the rewards you earn with credit cards. If someone isn’t a merchant, you don’t want to actually pay them.
I would find it pretty handy if e-transfers were possible this way.