The news: Cash App Business sellers now have access to Tap to Pay on iPhone through the Cash App iOS app, per a press release.
- This new feature will be powered through Block’s Square.
- Cash App merchants can now accept payments with customers outside the Cash App ecosystem.
- Accepted contactless payments will include credit and debit cards, Apple Pay, and other digital wallets.
Why this matters: Cash App’s nano- and micro-business can readily benefit from not having to invest in costly point-of-sale (POS) hardware, instead using an iPhone or iPad for sales.
Cash App counts over 1 million sellers, which could help softPOS use scale dramatically.