this post was submitted on 14 Nov 2023
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Apple Launches Tap to Pay on iPhone in France (www.macrumors.com)
submitted 10 months ago by Drtysouth205@alien.top to c/apple@hardware.watch
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[–] NefCanuck@alien.top 0 points 10 months ago (1 children)

Except now Apple is saying you don’t need the Square device to accept payments.

So Square loses out from the processing fees from each transaction if Apple does it itself on the iPhone directly

[–] Tasty-Rope-3405@alien.top 0 points 10 months ago (1 children)

That’s not true though. The payment processing still runs through square. The hardware is Apple.

[–] NefCanuck@alien.top 1 points 10 months ago (1 children)

Really? Then this is sloppy writing:

“No additional hardware or credit card machine is required‌ to use Tap to Pay on iPhone. The feature uses NFC technology to securely authenticate the contactless payments, plus the feature also supports PIN entry, which includes accessibility options.”

That says to me Square is out of the circle 🤷‍♂️