Tap to Pay is new way small businesses can accept card payments using their Apple iPhone or Android Smartphone without the need of a card machine.
Below we compare the cost of the most popular companies in the UK offering this payment method.
Sections
Apple Tap To Pay On iPhone
Apple officially lists the following companies as offering Tap to Pay solutions for the iPhone.
| Company | Set-Up Cost | Monthly Cost | Transaction Fees | Requirements To Use It |
|---|---|---|---|---|
| Revolut | £0 | £0 | 0.8% + £0.02 or 2.6% + £0.02 | Sign-up to Revolt Business |
| Dojo | £0 | £20 | 1.40% + 5p | Be an existing Dojo customer |
| SumUp | £0 | £0 | 1.69% | Create your free SumUp profile and download the App |
| myPOS | £0 | £0 | 1.60% + 7p | Download the myPOS Glass App |
| Tyl by NatWest | £0 | £0 | 1.50% | Signed-up to signed up to Tyl by NatWest (do not need to be a NatWest customer) |
| Viva Wallet | Unknown | Unknown | Unknown | Download Viva Terminal App |
| Adyen | Unknown | Unknown | Unknown | Need to talk to their sales team |
| Zettle by PayPal | £0 | £0 | 1.75% | Download the Zettle by PayPal |
| Stripe | Unknown | Unknown | Variable | Contact Sales |
Additionally, Monzo has partnered with Stripe to offer Tap to Pay on both iPhone and Android phones.
Android Tap To Pay
Currently does not have an official list of payment processors for Android Tap to Pay, but the following companies all offer it.
| Company | Set-Up Cost | Monthly Cost | Transaction Fees | Requirements To Use It |
|---|---|---|---|---|
| Square | £0 | £0 | 1.75% | Download the free Square Point of Sale app |
| SumUp | £0 | £0 | 1.69% | Create your free SumUp profile and download the App |
| myPOS | £0 | £0 | 1.60% + 7p | Download the myPOS Glass App |
| Stripe | Unknown | Unknown | Variable | Contact Sales |
Which is the best Tap to Pay Provider?
There is no single best tap to pay provider in the UK. However, you can learn more about each company’s offering by reading the in-depth guides below:
FAQ
What iPhone do you need for Tap to Pay on iPhone?
Tap to Pay on iPhone is supported on iPhone XS and newer devices, including iPhone SE 2nd & 3rd generations. Please note that an active merchant account is required to access Tap to Pay on iPhone.
What Android phones are compatible with Tap to Pay?
Most Android devices that run on Android 9 or a greater OS and have NFC capabilities will be compatible with Tap to Pay on Android.
Which cards and payment methods can I accept via Tap to Pay on iPhone and Android?
With Tap to Pay on iPhone you can accept payments from contactless enabled MasterCard, Visa & Amex debit and credit cards, as well as Apple Pay, Google Pay and other digital wallets.
However, not all providers will support all payment types so it’s a good idea to read the fine print if you have a particular card type you want to accept.
Is Tap to Pay Secure?
Tap to Pay uses the built-in features of your phone to keep your business and your customer data private and secure. Payment card data isn’t stored on your device or on any servers.