Samsung Phones Can Be Used as Payment Terminals Soon

Samsung has partnered with Mobeewave to let merchants accept payments from supported cards and wallets right from their Samsung smartphones with its Samsung Point of Sale (POS). The highlight of this new system is that the merchant doesn't take to go through a physical sign-up procedure since everything is processed through Samsung'southward POS app.

All the merchant has to practice is install the app from Milky way Shop or Google Play Store, register for a new account and that'south it. The merchant volition be able to accept debit and credit payments with contactless cards, Samsung Pay, Apple Pay, and Google Pay wallets.

"Mobeewave has passed numerous certification and security processes, to deliver a highly secure payment credence solution to merchants in a variety of verticals. Their proprietary applied science allows united states of america to launch this new solution on a global scale," said Sunny Park, VP, and Caput of Service Performance Group, Mobile Communications Business at Samsung Electronics.

The app supports upward to $100 per transaction. Receipts for each transaction are sent via electronic mail. Merchants tin access real-time sales data and complete sales history from the app. Multiple staff accounts can also be created in the app to track sales individually.

In terms of security, Samsung POS is PCI-DSS certified and makes use of Samsung KNOX. For every credit carte transaction, 2.65% is levied while $0.ten is charged per transaction for debit payments.

The new Samsung POS app supports the Galaxy S8 serial and above, according to the app's PlayStore description. The system has already gone live in Canada and will exist expanding globally by adjacent yr.

And then, if you're a merchant, will you consider switching to Samsung POS if you accept a supported Samsung smartphone once it becomes bachelor in your region? Let us know in the comments.