Samsung Pay Touch Lets You Use Your Smartphone as a PoS Terminal
Samsung Pay was already one of the best contactless payment solutions on the market, and as of today, it just got a whole lot better. Samsung just announced the release of the Samsung Pay Touch app in Canada (via Samobile). The app lets users of compatible smartphones as PoS terminals to collect payments from supported credit/debit cards. Samsung Pay Touch doesn’t require any additional hardware to set up and will work on the Galaxy S8/S8+, Note8, S9/S9+, Note9, and S10e/S10/S10+. Here are Samsung Pay Touchsome of its features according to the Play Store listing:
- Accept payments up to $100 per transaction right on your Samsung device
- Send receipts via email
- Customize your products with photos, names and prices
- Access real-time sales data and complete sales history
- Create multiple staff accounts to track sales individually
- Support multiple devices linked to your account
- Accept credit and debit contactless cards (Mastercard, Visa and Interac Flash) and digital wallets (Samsung Pay, Google Pay and Apple Pay)
For now, the upper limit is set to $100 per transaction. The limit may be a dealbreaker for many, but wen can expect to see that limit rise as the service is adopted by more businesses. Like all conventional PoS terminals, Samsung Pay Touch will also levy a charge on every transaction. Credit card purchases are charged at 2.6% per transaction, while debit cards incur a flat $0.10 fee. Payments are automatically deposited into your bank account within 48 hours.
Samsung Pay Touch accepts payments from most popular card providers and digital wallets. Setup is easy too, all you need to do is install the app, fill in your information and you're good to go. The service is available only in Canada, but we can expect it to make its way to other countries in the near future. We can also expect to see more about Samsung Pay Touch at the Galaxy Note 10 launch. Samsung Pay Touch has the potential to revolutionise the PoS terminal market and I sincerely hope that it gets the traction it deserves.
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