Small businesses can now use Samsung phones to accept contactless payments
What you need to know
- Samsung POS turns your NFC-capable Samsung device into a mobile payment terminal.
- It will enable small businesses and merchants to accept contactless payments on their Samsung device without any additional hardware.
- Samsung POS has support for Apple Pay, Google Pay, Samsung Pay, and contactless credit cards.
On October 15, Samsung announced a partnership with Mobeewave that would enable NFC-capable Samsung devices to accept contactless payments worldwide. The new mobile point of sale system will be known as Samsung Point of Sale (or Samsung POS for short), and will allow for small business owners and merchants to turn their Samsung device into a mPOS terminal "without the need for dongles, cables or additional hardware."
In order to begin using Samsung's POS system, you will need to download the Samsung POS (opens in new tab) app from the Galaxy Store or Play Store and register as a merchant. After you've completed the registration, you'll be able to start accepting contactless payments using Apple Pay, Google Pay, Samsung Pay, or contactless cards from Visa and Mastercard.
Some of the features of the Samsung POS app include being "able to accept payments up to $100 per transaction right on your Samsung device." It will also send receipts via email, allow you to access real-time sales data and complete sales history, create multiple staff accounts, and supports multiple devices linked to your account.
The announcement comes after Samsung and Mobeewave completed a successful pilot of the system in Canada over the past few months. During the trial, the Samsung POS app racked up over 10,000 downloads. Now, Samsung is ready to start rolling it out to more regions.
However, despite it being touted as a worldwide, the app is currently not available in all regions, meaning it will most likely be rolling out in stages.
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Awesome, now small businesses just need to go buy $1,000 phones and hope their customers don't try to rip them off whatever cheap stand they're attached to :D
If you would purchase a $1000 phone just to attach it to a stand to process payments, then you have other issues.
Yeah, this is a counter to Square mobile dongles and such. Although that $100 transaction limit is going to severely limit adoption. Think craft fairs, hair salons, anything boutique.
$1000 phone?Not true. The Galaxy Note 4 had NFC....back in 2014.
The limit makes this app useless for me.