Which card brands support Tap2Phone payments in the US
Tap2Phone technology has revolutionized the way small businesses can accept card payments. It allows businesses to accept payments using only a smartphone or tablet, without the need for additional hardware or equipment. However, not all card brands support Tap2Phone payments in the US. In this blog post, we will explore the card brands that currently support Tap2Phone payments in the US and the benefits of using this technology.
Card brands that support Tap2Phone payments in the US:
1. Visa:
Visa is one of the largest card networks in the world, and it currently supports Tap2Phone payments in the US. This means that businesses can accept payments from customers who have Visa contactless cards or mobile wallets, such as Google Pay and Apple Pay.
Visa has strict security standards in place to ensure that all transactions are safe and secure. Tap2Phone payments made with Visa cards are protected by Visa's Zero Liability policy, which means that businesses are not liable for any fraudulent transactions.
2. Mastercard:
Mastercard is another card network that currently supports Tap2Phone payments in the US. Businesses can accept payments from customers who have Mastercard contactless cards or mobile wallets, such as Google Pay and Apple Pay.
Mastercard has also implemented strict security measures to protect Tap2Phone payments. Mastercard's Identity Check program uses biometric authentication, such as fingerprint or facial recognition, to verify the identity of the cardholder.
3. American Express:
American Express is a global card network that supports Tap2Phone payments in the US. Businesses can accept payments from customers who have American Express contactless cards or mobile wallets, such as Google Pay and Apple Pay.
American Express has also implemented security measures to protect Tap2Phone payments. American Express SafeKey uses 3D Secure authentication to ensure that all transactions are secure and protected from fraud.
4. Discover:
Discover is a US-based card network that supports Tap2Phone payments in the US. Businesses can accept payments from customers who have Discover contactless cards or mobile wallets, such as Google Pay and Apple Pay.
Discover has also implemented security measures to protect Tap2Phone payments. Discover's Fraud Detection System uses advanced analytics and machine learning to identify and prevent fraudulent transactions.
Benefits of using Tap2Phone payments:
1. Convenience:
Tap2Phone payments offer a convenient payment option for customers. They can pay for their purchases by simply tapping their contactless card or mobile device on the payment terminal. This saves time and eliminates the need for customers to carry cash or a physical card.
2. Cost-effective:
Tap2Phone payments are a cost-effective payment solution for small businesses. They eliminate the need for expensive hardware or equipment, such as a traditional POS system or mobile card reader. This reduces the upfront costs of accepting card payments and lowers transaction fees.
3. Secure:
Tap2Phone payments are secure and protected from fraud. Card networks, such as Visa and Mastercard, have implemented strict security measures to ensure that all transactions are safe and secure. This provides peace of mind for businesses and their customers.
4. Fast:
Tap2Phone payments are fast and efficient. They can be processed quickly, which reduces wait times for customers and improves the overall customer experience. This is especially important for businesses that have high transaction volumes.
Getting started with Tap2Phone payments:
Getting started with Tap2Phone payments is easy. Businesses can choose from a variety of Tap2Phone providers, such as Square and SumUp, and sign up for an account. Once the account is set up, businesses can download the Tap2Phone app to their smartphone or tablet.
The Tap2Phone app will guide businesses through the setup process, which includes connecting to a payment gateway and configuring the app settings. Once the app is set up, businesses can start accepting Tap2Phone payments.