Friday , December 13, 2024

Eye on ISVs: Booksy Adds Tap to Pay on iPhone; Usio Could See $20 Million in Revenue From a Single ISV

With an eye to making it easier for consumers to pay how they want, Booksy Inc., a booking platform for beauty-service appointments, is adding Tap to Pay on iPhone as an option.

The contactless payment method enables consumers to use their contactless credit or debit cards, or an iPhone with a card loaded into Apple Wallet, to make a payment by tapping another iPhone, without requiring specialized hardware. The software enabling this is part of the Booksy Biz app. Apple Inc. introduced the technology in 2022, and it has been proliferating among payments companies, software developers, and retailers. The Booksy Biz app will track the payments, too.

To use Tap to Pay on iPhone, Booksy users enable it in their device settings, then complete a verification step with Stripe Inc. and allow NFC access and location settings. Booksy Tap to Pay on iPhone transactions are priced at 2.49% plus 20 cents.

San Francisco-based Booksy says the service is suitable for merchants of all sizes. Founded in 2015, Booksy says its clients include hairstylists, barbers, nail artists, massage therapists, salons, and spas. More than 1.3 million appointments are booked weekly on its platform across the United States and Canada, it says.

In related news, payments provider Usio Inc. said its payments technology will be integrated into an independent software vendor’s enterprise-resource solutions software. The unnamed ISV has customers that process more than $1 billion annually in electronic payments, Usio said. That equates to more than $20 million in annual recurring revenues for its card business.

San Antonio, Texas-based Usio says the first group of merchants from this ISV, which counts franchisees in the janitorial and sanitation, home-improvement, and domestic-service industries among its customers, is expected to board in the second quarter. The client’s enterprise resource planning (ERP) software serves thousands of merchants, Usio says, that generate approximately $6 billion in annual revenue, of which $1 billion stems from electronic payments.

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