Contactless Payments
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Contactless Payments: The Future is Tap to Pay

Published in FiatFlex Knowledge Hub

Contactless Payments: The Future is Tap to Pay

The world has rapidly shifted toward contactless payments, and FiatFlex's Tap to Pay solution puts your business at the forefront of this revolution.

The Contactless Payment Revolution

Since 2020, contactless payment adoption has skyrocketed by over 150% globally. Customers now expect fast, hygienic, and convenient payment options. FiatFlex's Tap to Pay technology delivers exactly that.

What is NFC Tap to Pay?

Near Field Communication (NFC) technology allows customers to pay by simply tapping their card or mobile device near your payment terminal. No insertion, no PIN entry for small amounts, and no physical contact required.

Supported Payment Methods

Credit and Debit Cards

Accept all major card networks including Visa, Mastercard, and American Express. Customers simply tap their contactless-enabled cards for instant payment.

Mobile Wallets

Apple Pay: iPhone and Apple Watch users can pay with Touch ID, Face ID, or passcode authentication.

Google Pay: Android users enjoy seamless payments through Google's secure payment platform.

Samsung Pay: Compatible with Samsung devices using both NFC and MST technology.

How FiatFlex Tap to Pay Works

1. Customer Initiates Payment

The customer taps their card or mobile device on your FiatFlex-enabled terminal.

2. Instant Authentication

The payment is authenticated in under 2 seconds using advanced security protocols.

3. Transaction Confirmation

Both you and your customer receive immediate confirmation of the successful payment.

4. Manual Withdrawal Control

Unlike other processors, FiatFlex lets you decide when to withdraw funds to your bank account.

Security Features

Tokenization: Card details are never stored; instead, unique tokens represent each transaction.

Encryption: All payment data is encrypted using bank-level security standards.

Fraud Detection: Advanced algorithms monitor transactions for suspicious activity.

PCI Compliance: FiatFlex maintains the highest security standards required by payment card industry regulations.

Business Benefits

Faster Transactions

Contactless payments are 53% faster than traditional card transactions, reducing queue times and improving customer satisfaction.

Improved Hygiene

No physical contact required, meeting modern health and safety expectations.

Higher Transaction Values

Studies show contactless payment users spend 20-30% more per transaction on average.

Reduced Cash Handling

Minimize cash-related risks and costs while streamlining your accounting processes.

Fee Structure

FiatFlex's transparent pricing for fiat payments:

• Processing fees: 1.5% - 1.6% on withdrawal

• No monthly fees or hidden charges

• Competitive rates for high-volume merchants

Implementation

Getting started with FiatFlex Tap to Pay is simple:

1. Request your FiatFlex terminal

2. Complete quick setup and training

3. Start accepting contactless payments immediately

4. Withdraw funds to your bank when convenient

Embrace the future of payments with FiatFlex Tap to Pay - where convenience meets control.