Intuit Rolls Out Tap to Pay on iPhone for QuickBooks Users, Enhancing Contactless Payments

Intuit introduced Tap to Pay on iPhone to QuickBooks Online customers in the United States. This allows small and mid-market businesses to receive in-person contactless payments right on an iPhone without requiring separate card readers or point-of-sale (POS) hardware. The service is backed by QuickBooks mobile and GoPayment iOS apps, where businesses can take payments from contactless credit and debit cards, Apple Pay, and other mobile wallets.
Tap to Pay with iPhone is meant to make on-the-spot payments easier by mirroring transactions from the device right into QuickBooks Online accounts. The feature syncs transactions instantly, automatically grouping and reconciling payments, as well as maintaining business books in sync on a single platform. Tap to Pay with iPhone comes exclusively for the U.S.-based customers using QuickBooks Online with an ongoing QuickBooks Payments plan.
The introduction of Tap to Pay on iPhone aims to address day-to-day problems small businesses face, such as managing cash flow. According to Intuit’s Quarterly Small Business Insights, nearly half of U.S. small businesses struggle with cash flow. By providing a seamless payment experience, Intuit aims to accelerate cash flow, fuel business growth, and increase customer loyalty.
The primary benefits of Tap to Pay on iPhone are:
Seamless Payments: Merchants can get paid in store or on-the-go without extra hardware through QuickBooks mobile or GoPayment applications. Transactions get auto-categorized and auto-reconciled, so business money is always in sync.
Flexible Checkout Options: The feature supports various contactless payment methods, including contactless credit and debit cards, Apple Pay, and other digital wallets. The flexibility allows customers to choose their preferred payment method while maintaining business and customer data privacy and security.
Enhanced Invoicing Capability: Businesses can take payments immediately against open invoices or issue new invoices during the sale. This enhances payment processing and reduces payment delays.
Reduced Fees: Tap to Pay on iPhone is a cost-effective way of accepting payments face-to-face with reduced processing fees compared to keyed entries. This reduction in fees will cost businesses less on payment processing.
Enhanced Security: Apple’s Tap to Pay technology uses the iPhone’s native capabilities to make customer and business information personal and secure. Apple never stores card numbers and transaction information to the device or its servers when someone makes a payment.
Tap to Pay on iPhone goes live today, with additional availability in the coming weeks. Tap to Pay is part of Intuit’s broader strategy to empower small businesses by providing integrated financial solutions that simplify cash flow management and business expansion. By adding Tap to Pay to its service offerings, Intuit aims to provide a comprehensive platform for managing business finances, making it easier for businesses to succeed in a competitive economy.