Tap to pay is an increasingly popular method in most retail businesses such as fast-food restaurants, grocery stores, gas stations, and pharmacies because of its safety, security, and ease of use. In this article, we would like to provide information about tap to pay and the convenient features that help your business to apply it.
What is tap to pay technology?
Tap to pay (also called touch to pay) is a technology that allows users to make their payments by simply touching a card, device, or smartphone provided that the devices are enabled for contactless payments without contacting other people.
This payment method is fast, convenient, and secure because when you press proceed to pay, it generates a one-time password (OTP code) that provides anti-fraud security.
How does tap to pay technology work?
Tap to pay technology uses two main technologies, near field communication (NFC) and radio frequency identification (RFID). NFC technology is akin to Bluetooth or AirDrop, which allows communication between two devices within a close physical distance of up to 4 cm. There are many apps that already take advantage of this technology, such as Google Pay, Apple Pay, and Samsung Pay on NFC-enabled devices like iPhones (or Android phones). Meanwhile, RFID technology uses electromagnetic fields to identify and track tags attached to enabled devices. The RFID chip embedded on the customer’s card is recognized by the contactless POS system.
It is important to note that this payment method is only available when the card, phone, or wearable is within inches of the symbol at the payment station. So this payment method is less vulnerable to attack.
Advantages of the tap to pay method
Firstly, the obvious benefit of tap to pay is payment speed. With this payment method, consumers can easily go through the checkout process by just tapping on their card or phone at the counter and walking out with their goods. Additionally, this makes it possible for customers and cashiers to eliminate the hassles of counting cash, storing, and returning change.
A significant benefit of this payment method is that it saves human resources. Tap to pay doesn’t require extra staff during peak hours, customers only need to access the device and process their payments with ease.
Furthermore, touch payments do not require additional processing fees or other hidden fees, even when paying via smartphone. The only possible charges are the processing fee for the debit or credit card loaded on the phone.
Tap to pay is a payment method that is convenient for both consumers and retailers.
ConnectPOS is a great system for retail stores because it also supports contactless payments. ConnectPOS makes paying and managing payment orders for retail stores easier because it keeps up to date with most of the contactless payment methods available.
Tap to pay is one of the trends that are popular during the pandemic and remains today because of the many benefits it brings.
Contact us if you would like to implement this feature in your business.