After a waiting period that lasted the entire beta program and into the public release, Verizon has announced it's ready to support Samsung Pay. Though we don't have a final word on when phones will get the necessary software update to bring Samsung Pay, if you have a Verizon Galaxy S6, S6 edge, S6 edge+ or Note 5 you can know that at some point you'll have proper Samsung Pay support now.
Samsung Pay will be supported on compatible Verizon smartphones (Galaxy S 6, S 6 edge, Note5, S6 edge +) through a future software update.— Verizon News (@VerizonNews) October 6, 2015
Once the software update does arrive you'll have no different of an experience on Verizon than other supported carriers, meaning you'll be able to use both NFC and MST (Magnetic Secure Transmission) to make payments in stores. Remember that you'll also need a supported card and bank, which at the time of writing means one from American Express, Bank of America, Citi or U.S. Bank.
If you meet those requirements, keep an eye out for a standard OTA update on your phone soon to get the new functionality.