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- PayPal has launched “Tap to Pay” on iPhone for U.S. businesses using Venmo and Zettle.
- This feature allows businesses to accept contactless card and digital wallet payments directly on their iPhones with no additional cost or hardware.
- Merchants can accept payments from cards or digital wallets like Apple Pay or Google Pay, add taxes, accept tips, send receipts and issue refunds.
- Funds from sales are quickly put into a business’s Venmo or PayPal Zettle account.
- PayPal charges 2.29% + 9¢ for every sale through the tap-to-pay method across Zettle and Venmo.
- Tap to Pay on iPhone allows merchants to reach more customers, even if they don’t have a Venmo account.
