Apple iPhone-to-iPhone payments

Apple has unveiled a new feature that lets businesses take iPhone-to-iPhone payments without any additional hardware. This could be a game-changer for small businesses that need to accept credit cards.

“As more and more consumers are tapping to pay with digital wallets and credit cards, Tap to Pay on iPhone will provide businesses with a secure, private, and easy way to accept contactless payments and unlock new checkout experiences using the power, security, and convenience of iPhone,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet in a press release.

The first company to get on board with Apple’s new payment system is Stripe, which will start using it in Spring 2022. Apple said other companies would jump on later in 2022. The system will work with Apple Pay, contactless credit and debit cards, and other digital wallets through a simple tap to an iPhone.

For businesses who use companies like Stripe to process their credit cards, being able to take contactless payments right from an iPhone without any additional card readers could be a game-changer, as it allows them to get out to where their customers are and take payments quickly and safely.

“Whether you’re a salesperson at an internet-first retailer or an individual entrepreneur, you can soon accept contactless payments on a device that’s already in your pocket: your iPhone,” said Billy Alvarado, Stripe’s chief business officer.

As far as privacy and security goes, Apple says that “With Tap to Pay on iPhone, customers’ payment data is protected by the same technology that makes Apple Pay private and secure.” If you trust Apple Pay with your payments now, the same level of security will apply to this new feature.

How popular this is will depend on developers adopting it, as Apple is releasing it for them to use. Only time will tell how many payment processors decide to use Tap to Pay, but seeing as it’s Apple pushing it, we’d expect it to catch on.

Profile Photo for Dave LeClair Dave LeClair
Dave LeClair was the News Editor for How-To Geek. He is now a Mobile Analyst for PCMag. Dave started writing about technology more than 10 years ago. He's written articles for publications like MakeUseOf, Android Authority, Digital Trends, and plenty of others. He's also appeared in and edited videos for various YouTube channels around the web.
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