Introducing Apple Pay Card Payouts: Enhancing your customer’s money transfer experience

We're excited to announce the launch of our latest feature, Apple Pay card payouts, designed to revolutionize the way you send and receive funds. 

Checkout.com is one of the first companies to offer this experience for both payins and payouts, enabling you to gain a competitive edge by providing your customers with a seamless and innovative experience that ultimately drives better conversion.

Did you know? 52.1% of people have been permanently put off from shopping on a site/app because of the complexity of the payment process (Blackboxes and Paradoxes report, Checkout.com).

Why does this matter?

In today's fast-paced digital world, mobile payments are ubiquitous thanks to their convenience, security, and speed. Thanks to its seamless integration into Apple devices and robust security features, Apple Pay is now a popular and trusted mobile payment solution. Its primary use cases are ecommerce purchases and tap-to-pay.

Now, Apple Pay offers these same benefits for fund transfers and your business can leverage this today.

What are the key benefits of offering payouts via Apple Pay?

• Better Conversion:
  ‍With Apple Pay card payouts, there's no need to manually type in card details, reducing friction in the payout process and ensuring smoother and faster transactions.
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• Consistency of User Experience:
  If you enable users to use Apple Pay to add funds to your app, offering the same method for payouts will enhance the user’s affinity with your brand as you will be perceived as offering a consistent experience. For example, a customer using Apple Pay to add funds to an investment trading platform would expect a payout back onto Apple Pay.
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• Enhanced Security:
  Apple Pay's authentication methods, such as Face ID, provide an added layer of security, ensuring that payout requests are legitimate and secure.
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• Market Differentiation:
  Be one of the first merchants to offer this cutting-edge payment experience to your users, setting yourself apart in the market and enhancing your brand reputation.

How does it work?

1. Your customer, Andrew, wishes to withdraw money from their account on their Apple device.
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2. Andrew starts a payout request on your app outlining the amount to be transferred.
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3. Andrew is presented with the Apple Pay popup detailing the transfer, allowing him to select the card he wishes to fund.
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4. After Andrew securely authenticates the transfer using Face ID/passcode/fingerprint scan, an encrypted payload is generated and returned to your app, ready for processing with your payment provider, Checkout.com.
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5. Once the transfer has been processed, your app returns the result to Andrew. If successful, that's it. If an error occurs, Andrew will be informed and may be able to take corrective action.

Conclusion

At Checkout.com, we're dedicated to enabling businesses to thrive in the digital economy. And with Apple Pay card payouts, we're not just offering a new feature—we're delivering a transformational payment experience that aligns with the expectations of modern consumers. 

Join us in embracing the future of payments and unlock seamless fund transfers with Apple Pay card payouts.