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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Global ecommerce payments are set to soar in the next few years

The value of global ecommerce payment transactions is on track to exceed $ 7.5 trillion by 2026, according to a new report from Juniper Research.

This represents a growth rate increasing by 55% over the next five years, with the sector previously valued at $ 4.9 trillion in 2021.

Retailers offering omnichannel retail experiences are highlighted as the main driver of this growth, which over time, will increase user ecommerce spend, the analyst firm claimed, as omnichannel retail provides end users with the ability to access retail services, including sales and customer support, via multiple channels. 

Ecommerce spend rises

The report also predicts that ecommerce payments, including online, mobile and physical retail locations will all contribute to the sector’s growth, as users expect the same services to be available irrespective of the channel.

Juniper Research states that there is an increase in appetite for new payment methods within eCommerce checkouts, including Open Banking-facilitated payments and digital wallet one-click checkout buttons. 

“Merchants should ensure payment options match changing user expectations, or they will be rapidly left behind”, it added.

Amongst other insights, the study additionally found that by 2026, China will account for over 37% of global ecommerce payments by transaction value, which will provide ecommerce website users easier access to alternative payment methods.

Physical goods sold on ecommerce platforms will account for 82% of the global ecommerce payments transaction value in the next five years, with Juniper Research highlighting that the COVID-19 pandemic will continue to aid the growth of online shopping globally.

With that in mind, Juniper Research highlights that alternative payment methods that integrate fixed installment plans and flexible credit in ecommerce check out options will continue to capitalize on this growth.

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