Samsung Pay is available on all carriers in the United States and on recent Samsung smartphones. Like the Galaxy S7 and Galaxy S7 Edge. Now that it’s available nearly everywhere, here we’ll be sharing four great reasons why owners should use Samsung Pay. Like triple reward and other incentives.
Released in late 2015 users will need a Galaxy S6, Galaxy S6 Edge, Galaxy Note 5, Galaxy S6 Edge Plus, or a Galaxy S7 to enjoy all it has to offer. Not to mention the latest Samsung Gear S3 smartwatch and a supported bank.
Between Google Wallet, Apple Pay, Samsung Pay and now Android Pay, not to mention LG working on its own version, wireless mobile payments are here to stay. For those who’ve yet to try it, here are a few reasons why I use Samsung Pay. Furthermore, why it’s worth recommending to those with a Samsung smartphone.
Samsung Pay was first announced during the Galaxy S6 announcement in early 2015, but wasn’t released until September after a short beta. Apple Pay had a one-year lead on Samsung, but it doesn’t work nearly as well. In addition to only being supported at select retail stores or update payment terminals.
In fact, we recently wrote an article on why we don’t use Apple Pay, and stated some good reasons to avoid it. That said, Samsung Pay works almost everywhere and has none of those limitations. As a result it’s absolutely worth using. Here’s a list of supported devices, carriers, banks and credit cards.
Update: In late 2015 Samsung added support for Chase and Mastercard, two huge partners that will allow millions to enjoy Samsung Pay. Then in December added gift cards, additional features and improved the user interface. Throughout 2016 Samsung has added loyalty cards and support for over 500 banks or Credit Unions.
If you have a device, bank and card that works with Samsung Pay, take advantage of all it has to offer.
Safe & Secure
All Samsung smartphones that work with Samsung Pay feature the latest cutting edge technology in terms of security on a smartphone. From fingerprint scanners to the latest monthly security patches.
Between users needing a fingerprint to actually use Samsung Pay to make wireless payments with their phone, and all the security measures in place are why it’s safe to use. Here is Samsung’s thoughts on security:
“your purchases remain yours alone. Samsung Pay uses several layers of security. It keeps your payment information separate and doesn’t store or share it, so you can pay without worry.”
Samsung Pay doesn’t store or share payment or credit card information, making it safe to use. Not to mention multiple layers of security are in place to keep it safe from hackers trying to steal information. Yes part of the technology behind it was hacked last year, but it didn’t compromise S-Pay in any way. In fact, it’s believed the reason behind it was to try and steal the technology used. That brings us to our next point, why this service is so great.
Samsung Pay Works Almost Everywhere
Unlike Apple Pay or Android Pay, Samsung’s method works almost everywhere. It’s accepted everywhere that works with Apple Pay, in addition to any payment terminal that accepts a credit card. Samsung claims nearly 95% of all retail stores in the United States will work. So yes, almost everywhere.
The service uses both NFC and MST (magnetic secure transmission) to make wireless payments. All a user needs to do is tap their phone to the payment terminal, touch the fingerprint scanner for authentication, and you’re all done. This is done with NFC, but it’s also backwards compatible with all swipe-based magnetic payment terminals. Meaning anywhere you can swipe a credit card, you can use Samsung Pay. If NFC (Apple Pay style) isn’t accepted, it uses the magnetic signal. Which is sent when swiping a debit/credit card. It’s fast, easy, and secure.
Apple and Google both use NFC, which is Near Field Communications. Meaning that select locations around the US like Starbucks, vending machines, retail stores and others need to have updated payment terminals inside their stores for it to actually work. Devices with the “Paypass” or “Apple Pay Accepted Here” signs you’ve probably seen like the one above are required.
As a result many places don’t accept Apple or Android Pay, making it useless for those with an iPhone or recent Android devices.
This is key. Samsung Pay works at all of those locations, as well as the others. Making it extremely convenient unlike any other mobile payment service on the market. I’ve made payments at stores that don’t accept Apple Pay, like Walmart, and the cashiers constantly tell me, “Hey, that doesn’t work here”. Then are shocked to see it works. The responses I’ve received are everything from confusion, amazement, to curious and full of questions.
New to our list is Samsung Pay Rewards, which debuted on November 14th 2016. This reason alone is enough to suggest owners try it. The goal is to get more people to try the service, and to thank the millions that already have.
Samsung Rewards works just like a points-based credit card reward program. Every mobile purchase made will earn points. Users can double-dip by earning points from the card and Samsung, not to mention earn rewards on a debit card. Something that typically doesn’t happen from banks.
These points can be redeemed for Samsung products, vouchers, gift cards, visa cards and more. The company also has double or triple bonus programs planned. Imagine getting 4x points, points from the card issuer, then getting a gift card. Impressive, right?
The more you use Samsung Pay each month, the higher tier users will be. From Silver, Gold and Platinum for better rewards and more double-ups. Additionally, there will be instant winners for random giveaways simply for earning points and making payments with your wireless device. More information can be found here.
Easy to Use
And finally, Samsung Pay is extremely simple to use. So much in fact that once it’s setup users don’t even have to turn on their phone to make payments. Which is one of the many reasons I use it daily.
Setup takes less than a minute and consists of installing the Samsung Pay app if it isn’t already installed. Then using the camera to capture and save your credit or debit card. Users can also enter the information manually. Once done, you’ll never need to use the Samsung Pay app again. Although there are free gift cards and other incentives in the “announcements” part of the Samsung Pay app. Check it to earn free $25 gift cards, Dunkin’ Donut freebies and more.
Once done simply swiping up from the bottom of the screen (even while the phone is turned off) will initiate Samsung Pay. Users will be instructed to pay with their fingerprint. Now just hold your phone up near the terminal or NFC reader. It takes less than two seconds, and you’re all done. The transmission is secure, and doesn’t go very far so hackers can’t collect the information.
Users can swipe up while the phone is off, or turned on, right from the homescreen or even the lockscreen. There’s a persistent little tab on the bottom (shown above) making it quick and easy. This can be removed if users would like, but then you’ll need to open the app before making payments.
Samsung’s phones can tell which signal is required, and there’s no difference in the process or timing whether it’s NFC or MST. It just works, and works well. Users can also swipe through a list of cards if more than one has been added, which is also a swipe and fingerprint tap away.
There’s no finding a card in your wallet, digging through a full purse, or hoping the location works with Apple Pay. Just pull out your phone, swipe, tap and pay.
Samsung plans to add additional banks, cards and more features in the near future. We’ve seen a lot added in 2016 and expect that trend to continue next year. We’re also hearing they could have some big deals and rewards during Black Friday.
Hands down Samsung Pay is the best wireless mobile payment method on the market. It’s fast, secure, safe, and more importantly easy to use everywhere. As a reminder, Samsung Pay doesn’t work at gas pumps or ATMs, but that’s about the only limit users will run into. If you have a capable device and a supported bank or card, give it a try today. You’ll be glad you did. It works amazingly well on my Galaxy S7 Edge.