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NFC Payment Guide: All You Need To Know About Using NFC Technology & NFC Mobile Payments

Our guide on NFC payments explains what they are, how they work, how safe they are, and why your business should accept them.

    Chris Motola
  • 3 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Chris Motola

Chris Motola

Expert Analyst & Reviewer at Merchant Maverick
An expert in personal and business loans and financial health, Chris Motola has been writing about small business finance and payments for over 5 years. He has been cited in various industry publications, including Forbes Advisor, GoBankingRates, and Medium. Chris is a graduate of the University of Central Florida.
Chris Motola
View Chris Motola's professional experience on LinkedIn.

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3 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Les Proud

    Just thinking on the cryptocurrency angle. Is it possible to turn a mobile phone into a NFC cryptocurrency merchant terminal? Thus allowing customers to pay via NFC from their cryptocurrency wallet on their phone.

      This comment refers to an earlier version of this post and may be outdated.

      Jessica Dinsmore

      Hi Les,

      As far as we know, no mainstream payment processor offer the ability to accept cryptocurrency via NFC or any sort of card-present transaction.
      There’s certainly been rumors and discussions about NFC cards that could be loaded with cryptocurrency & the infrastructure exists to facilitate the payments, but it’s simply not something that processors seem to be interested in at the moment.

        This comment refers to an earlier version of this post and may be outdated.

        Jeffrey

        Comment – Does this technology give the not so savy person on opportunity to steal your information right off of your phone or Android Wearable Device without you knowing it? Yes I saw the comment that the device needs to be two inches away but with Blue Tooth it is a bit further. I would think that a good tech would come up with a reader in the future that would read someone’s device or wearable with a bump or a shove and no one would be the wiser. Is there any type of prevention?

          This comment refers to an earlier version of this post and may be outdated.

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