PayPal Holdings, Inc. announced that Tap to Pay on iPhone is now available for all Venmo business profile and PayPal Zettle users in the U.S., enabling them to accept contactless card and digital wallet payments directly on their iPhones with no additional cost or hardware. This is the latest development in PayPal's ongoing efforts to help small businesses sell more, grow their business, and manage their finances more efficiently. Consumers are increasingly going cashless.

More than 40% of Americans surveyed say that none of their purchases are made with cash in a typical week, and that trend is expected to continue. As a result, accepting card and digital wallet payments in person is increasingly table stakes for small businesses, but until recently, businesses have had to purchase and manage card readers to do so. With Tap to Pay on iPhone, Venmo business profile and PayPalZettle users in the U. S. can get set up in minutes and begin securely accepting contactless cards and digital wallets directly on their iPhones.

They can also add taxes, accept tips, send receipts, and issue refunds. In addition, funds from sales will settle quickly into a business's Venmo or PayPal Zettle account, helping to streamline operations and manage cash flow. Tap to Pay on iPhone will also enable Venmo business profile users to dramatically expand their customer base and accept payments from buyers even if the buyer doesn't have a Venmo account.

They can also manage both their Venmo and card payment transactions directly within the Venmo app. Venmo business profile and PayPal Pettle users like Saint Paul Spice Company and The Cheesecake Queen are already seeing success with Tap to Pay on iPhone. Small business owners can get set up in just a few simple steps and start accepting contactless cards and digital wallet payments through their Venmo business profile or through PayPal Zettle.