PayPal and Venmo will soon support Tap to Pay on iPhone

PayPal has revealed in its latest earnings report (PDF) that merchant users in the US will be able to accept payments using their iPhones in the near future without the need for dongles and card readers. The payment solution will be integrating Apple's Tay to Pay technology "soon." That means businesses and sellers will easily be able to receive payments made via contactless debit or credit cards, as well as via mobile wallets including Apple Pay, through the PayPal or Venmo app. They simply have to make sure that they're using an iPhone XS or a newer model.