Samsung Pay is a wireless payment system launched by Samsung in 2016. It is a platform that allows quick and secure payments via mobile phone. With Samsung Pay, you can start accepting credit and debit cards as well as loyalty rewards points from stores like CVS and Amazon.
The main difference between Samsung Pay and other payment systems is the way you touch your phone to accept an payment. You must also have the same card or card type on your device as well as the pay terminal or bank account you want to pay with.
How Does It Work?
When you enter a store or bank account to pay with Samsung Pay, your device uses Near End Conferencing (NEC) to connect with the payment terminal. This means that both devices have to be connected to the same network, has to be running Android 6+ and has to be enabled on the device.
Contents:
Create a profile
After you have connected your Samsung phone to the Samsung Pay system, you will be asked to create a new account called Samsung Pay. This is necessary so that the system can verify your identity and enable Samsung Pay on your account.
You will need this account to confirm purchases in the future.
The first time you use Samsung Pay, you will be prompted to enter your pin. You can do this in one of two ways: By entering it once within minutes of placing an order or by entering it after purchase as an upgrade.
In most cases, you should choose the former. First, it gives you more time to become familiar with the interface and how to place an order. Second, if somebody tries to cash out your order quickly, they may lose money because of insufficient pin protection.
If you want more control over how your orders are protected, then waiting until after they complete can help avoid pin theft.
Add your credit cards
Once you’re logged in, you can add up to five of your most commonly used credit cards.
You can then swipe your card through the app at any merchant that accepts Samsung Pay. This includes stores, online shops, and even some cashiers!
SAMSUNG PAY HAS A MERCHANT DEALER VIABILITY, WHEREIN IT IS EASIER FOR CUSTOMERS TO PROCESS THEIR CARD AND PURCHASE COINSTORE SHOPPING PLACES. THIS IS SIMPLY A MERCHANT DEALER WITH THE CARD APPROVED, WHICH MEANS THAT YOU CAN USE YOUR CLOSE FRIENDLY CARD AS YOUR SECURITY CERTIFICATE.
Pay with Samsung Pay
With Samsung Pay, you can pay for things in a few different ways. You can use your credit or debit card, choose the Samsung Pay option at automated checkout sites, or manually enter the Samsung Pay code into payment apps.
Manually entering the Samsung Pay code is the most common way to use it. This is typically done at checkout when buying something from a store. You will need to have your phone nearby to complete this step.
Once you do that, your bank will verify your account and allow you to make purchases with your card through your device. Purchases can be made quickly and easily due to the integration with most payment apps.
Unlike ApplePay, Samsung Pay does not require you to have an active account with your bank before using it. You will just need to provide your phone number to connect up withSamsung Pay.
Select pay
When you’re ready to use Samsung Pay, you’ll need to select how much money you want to spend when paying with your device. This can be in the form of one, two, or three payments. Then, you can either swipe your card or enter your pin to complete the transaction.
You can also select direct debit if you do not want to add credit card and pin. This allows you to keep more control over how and what you pay for, especially if you are not very familiar with banking apps.
When all of that is set up, then you can go shopping! You can also send a payment by messaging a friend or through an app on your phone.
Hold phone near terminal until accepted
Once you’ve swiped your card on the terminal, you can go back to doing something normal like shopping or drinking a beer!
You can also leave the building and continue your day using cash or credit. Most stores and businesses will accept Samsung Pay as a payment method.
How does Samsung Pay work? The Galaxy S8 and S8+ are required to support Samsung Pay. Both devices have to be connected to a bank account, which is how Samsung Pay knows your account information.
SAMSUNG PAY ADDRESS VERIFICATION When using Samsung Pay on an iOS or Android device, you can set up an account address verification through the Wallet app. This process requires you provide some basic details about yourself such as your phone number and email address, plus a security code created via another app.
Tap card on terminal
After entering pin or password, you will see Samsung Pay logo on the terminal. Then, you can tap card on terminal to complete payment.
You can also make quick payments by just tapping card once and having the payment accepted by the store is another way to go.
To make a more long-term payment, you can put some funds in an account at Samsung Financial Services and purchase something through your Samsung phone app or website.
Enter password or fingerprint scan
After you have authorized your Samsung device to access the Samsung Pay account, you can now go shopping! All you have to do is enter your card or finger print on the screen and you’re good to go.
This app works just like any other payment app. You can swipe left or right to navigate through the various offers, and then when you make a purchase, it processes the payment and puts it in your PayPal orSamsungPay account for you to collect.
You may be asked for some additional information during checkout such as your Samsung Account Email Address, which is used to process payments on behalf of the seller. This helps prevent seller fraud, since they are told that the purchaser has authorized Samsung Pay as their device app.
Benefits of Samsung Pay
While not a must-have feature for today, Samsung Pay will certainly win you over in the future. Having this extra payment system available will make life more convenient for yourself and your loved ones in the future.
The benefits of Samsung Pay include:
Easy and safe to use as a card holder. You do not have to know all the security codes or account info to use it. You can just hold your card up and it will scan!
As simple as entering your card number and exchange, you cannot get caught off-guard by anything. This makes it very safe to use while conducting transactions.
Can be used at many points of sale, including stores that accept only Samsung Pay.