Square could bring Apple’s mobile payments service to small businesses
|Square plans to expand its support of Apple Pay
Small businesses may soon get access to Apple Pay, thanks to payments firm Square. Launched last month, Apple Pay has become somewhat popular among retailers. The service enables companies to accept payments made by mobile devices, specifically the iPhone 6. Currently, some large retail organizations are among the few that actually support Apple Pay, but smaller retailers will soon be able to accept mobile transactions through the service.
Square offers a variety of services to organizations that are interested in mobile commerce
Square is often seen as a strong competitor in the mobile payments field. The company, however, provides services to a multitude of other organizations that are interested in mobile payments. Square offers physical point-of-sale terminals that are able to accept and process mobile transactions from a variety of different payment services. The company plans to integrate Apple Pay support into these terminals in the near future, allowing retailers using these point-of-sale systems to work with Apple’s new payment service.
Updates to Square’s module card reader are in the works
Demand for mobile payment services among small businesses is on the rise
Square’s support of Apple Pay may make the payment service more attractive to small businesses. These businesses have an interest in mobile commerce, but have relatively few options available to them when it comes to engaging mobile shoppers. Many services are designed with large retailers in mind, ignoring smaller organizations that also want to use them.