Apple users can now use tapeeno with Tap to Pay on iPhone

87% of us prefer to pay by contactless card. Whether it be our physical credit or debit card, or our digital wallets on our smartphones, the ease of contactless payments is undeniable. If you’re an iPhone user looking to take contactless payments in your business, you can now reap the benefits of tapeeno’s low transaction rates and fast payments. Tapeeno is UTP’s contactless payment app, designed for micro-businesses. You can use Tap to Pay on iPhone to take payments with the tapeeno app. Here’s what you need to know:

What is Tap to Pay on iPhone with tapeeno?

This is a convenient and cost-effective solution for small and microbusinesses that wish to accept credit and debit card payments. You don't need any additional hardware to use tapeeno. Simply register for an account, download the app and start accepting contactless payments. Your customers can pay with any contactless debit or credit card, Apple Pay, or any other digital wallet.

How does Tap to Pay on iPhone work?

At the point of sale, you will enter the amount of money you wish to charge into the tapeeno app. Your customer will then hold their contactless card, iPhone, or Apple Watch on the top of your iPhone. In a couple of seconds, the payment will be completed using Near-Field Communication (NFC) technology. Tap to Pay on iPhone also supports PIN entry, including accessibility options.

Is Tap to Pay on iPhone safe?

Tap to Pay on iPhone and tapeeno use built-in features to keep both your business and your customers' data safe. Apple doesn't store card numbers on your device or on Apple servers. Paying by Apple Pay or any other digital wallet is a safe payment method because customers need to unlock their phone with facial recognition, fingerprint, or passcode. There is also a limit to how much can be spent on a contactless card in one day to help protect against fraud.

Why should I use tapeeno?

If you’re a micro-business, taking under £2,500 a month, tapeeno is ideal for you. It enables you to take speedy contactless payments without having to carry around a card machine. Before the partnership between Apple and tapeeno, tapeeno was only available on Android. Getting accredited by Apple is not easily obtained, and having a payment app on both operating systems means that even more users can experience tapeeno. It is free to download from the App Store, there are no contracts, and it's easy to use. You will be able to use Tap to Pay on iPhone with tapeeno if you have an iPhone XS or later, running the latest iOS. On the tapeeno app, you can see all your sales, refunds, and even analytics to help you keep track of your business. On the app, you can also send your customers email and SMS receipts.

How much does it cost to use tapeeno?

On every transaction you make, you will be charged a small fee of 1.5%. For example, if you take a £100 transaction, you will be charged £1.50. Your business will be charged 20p for every refund. These are the only charges associated with tapeeno; there is no setup fee or monthly charges.

How do I get paid with tapeeno?

Low cash flow can be an issue for a business of any size, but micro-businesses are especially impacted. Tapeeno will fund your business bank account within one hour of your transaction. Your payments will be made between 9 am to 5 pm, Monday to Friday. If your business makes a transaction after 5 pm, or on the weekend, you will get funded the next working day. This eliminates the low cash flow issues many businesses face. Many merchant service providers can take up to three working days to process your payments.

Want to apply or learn more about tapeeno? Head to the website.