SoftPOS (Tap-to-Pay): Turning Devices Into Terminals
Blog post from Basis Theory
SoftPOS, or tap-to-pay, allows consumers to make NFC-based payments with mobile devices while enabling merchants to accept them through standard smartphones or tablets rather than dedicated payment terminals. Building on the adoption of mobile wallets such as Apple Pay and Google Pay, it can reduce hardware costs and simplify payment acceptance for small businesses, charities, payment facilitators, marketplaces, and individual sellers. However, its flexibility introduces potential challenges involving data security on personal devices, technical support, battery life and connectivity, and some remaining consumer hesitation. As more payment service providers add SoftPOS capabilities, merchants are encouraged to regularly reassess accepted payment methods and maintain adaptable processor relationships. Programmable payment vaults can help organizations securely store payment data and route transactions among multiple providers, supporting greater flexibility, customer convenience, and margin management.
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