What you need to know about Square and Apple Pay partnership
Square has announced that it will be integrating Apple Pay into its Square Reader, providing small business owners with a seamless payment solution. In an interview with CNN Money, Square CEO Jack Dorsey explained that they are building a cash register that accepts all forms of payment, including Apple Pay.
This partnership between Square and Apple is a win-win situation for both companies. Square has just made its Square Register iOS app available worldwide and is now offering Square-branded gift cards. Additionally, Square recently partnered with Snapchat to launch Snapcash, a service that allows users to send and receive money.
On the Apple side, more companies are coming on board with Apple Pay. Tickets.com announced support for the mobile payment service, while Sephora and the Disney Store iOS app now accept Apple Pay. Chase customers also get perks – they can access David Guetta’s new album for free by adding their Chase card to Apple Pay.
For small business owners, the integration of Apple Pay into Square Reader means that they can accept payments seamlessly from mobile devices. This is a game-changer for their operations and will undoubtedly contribute to revenue growth.
With 30% of US smartphone owners planning to use Apple Pay or Google Wallet this holiday season, according to a Stratos survey, it’s clear that mobile payment solutions are becoming the preferred choice for consumers. Small businesses that embrace these technologies will be able to cater to the growing demand and stay ahead of the competition.
FAQs
1. What is the benefit of Square adding Apple Pay support?
With Apple Pay support, Square provides small business owners with a seamless payment solution, enabling them to accept payments from mobile devices. This expands their reach and allows them to cater to customers who prefer mobile payment options.
2. How will the partnership between Square and Apple impact revenue?
The partnership will benefit both Square and Apple, leading to revenue growth for both companies. This integration allows Square to offer a more extensive payment solution to its customers, while Apple expands its user base by aligning with a popular payment platform.
