Wix users can now collect debit card payments on iPhone

Website builder company Wix has extended its partnership with Stripe to enable US-based Wix merchants to use Tap to Pay on iPhone.

Tap to Pay on iPhone is available on compatible devices to Wix Payments merchants using the ecommerce, bookings and events solutions. 

In its latest bid to broaden its POS capabilities, Wix says that the method is a secure and trusted way to make the payment experience more flexible.

Tap to Pay on iPhone displayed on a smartphone

(Image credit: Wix)

Tap to Pay with Wix 

Merchants now have the ability to use an iPhone to accept in-person payments from physical debit and credit cards, Apple Pay and other digital wallets without the need for additional hardware.

A spokesperson from Wix told TechRadar Pro that the fee users will need to pay is 2.6% of the transaction amount plus a 0.20 USD processing fee per transaction.

In a press release, Amit Sagiv and Volodymyr Tsukur, Co-Heads of Wix Payments, said: “We’re constantly evolving our solutions to help users efficiently grow both their online and offline sales.” 

“Tap to Pay on iPhone offers merchants a reliable and secure payment option to increase customer touchpoints and deliver new in-person experiences, ultimately optimizing their multichannel strategy and increasing the monetization of their offline sales.” 

“Our partnership with Stripe gives merchants the ultimate flexibility to sell anytime, anywhere – whether in-store or on the go, at their own convenience to never miss a sale.”

In addition to Wix, Tap to Pay on iPhone is supported by payment platforms Square, Adyen, and Stripe.

“Tap to Pay on iPhone lets merchants accept and process contactless payments in seconds without additional hardware,” said John Affaki, Terminal Business Lead at Stripe. 

“Wix merchants and their customers can use Tap to Pay on iPhone anywhere knowing they’re completing fast and secure payment transactions using iPhone.”

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Zomato, Swiggy to collect 5% GST: Will your online food bill get costlier?

If you are planning to ring in the New Year tomorrow by ordering food through platforms like Swiggy and Zomato, don't be surprised if you are asked to pay more. For, starting tomorrow, the Goods and Services Tax (GST) changes kick in, and food delivery platforms like Swiggy and Zomato are mandated to collect and pay the GST on behalf of all restaurants.

As ever with tax changes in India, there is a bit of confusion in this one too. 

Currently, all cooked food orders sold by restaurants (via food aggregators) invites a 5% GST. That is over and above the 18% GST that all foods get levied at the restaurant.  The onus of paying the the 5% GST  was hitherto with the restaurants. Now that responsibility has changed to the food delivery platforms.

What is the real change? Has a new tax been levied?

The proposal to direct food delivery platforms to collect and pay 5% GST on food orders directly to the government was announced last September at the GST Council Meet. 

The decision was taken to bring online food deliveries on par with cooked food sold by restaurants. The government has made it clear that no new taxes have been introduced, and that it is simply a matter of the GST collection centre being transferred. 

To make things clearer: At present, if any customer orders from a restaurant using platforms like Swiggy or Zomato, the online food app is supposed to collect the 5% tax on the order from the customer and pass it on to the restaurant that will have to pay the government. From now on, the food delivery apps will collect the same tax from customers and deposit it to the government directly.

Why this change?

The decision was taken in order to prevent revenue leakage at unregistered restaurants. Many eateries are unregistered as they are below the threshold of Rs 40 lakh turnover per annum.

Further, restaurants charge GST from their customers on every order placed through the food delivery app but fail to pay the tax to the government. Delegating responsibility to food aggregators is meant to reduce this tax evasion. It is estimated that the government has so far lost revenue of around 2,000 crore due to revenue leakage.  

While Swiggy or Zomato cannot charge you a fee on the GST slab, they can charge a fee that justifies the extra work. And that is where this fear that your online food orders may get costly stems from.

Some clarity is expected to emerge based on the decision that food app companies take.

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