How Samsung Pay Works

by Jih Yun

Here’s the complete low down on how Samsung Pay works? Check it out!

Mobile payment options like Google Pay, Apple Pay, and virtual credit cards mean that carrying a physical debit and credit card for purchases may soon be a thing of the past. 

Today, you can pay for goods and services using only your mobile phone. Samsung Pay, the company’s mobile payment app, is one of the top smartphone providers.

How Samsung Pay Works

This article will cover how Samsung Pay works, how to set it up, how it compares to the competition and much more.

How Samsung Pay Works?

What Exactly is Samsung Pay?

You can pay at any retail establishment worldwide using this mobile payment system using your smartphone. As smartphones are almost always in people’s hands these days, Samsung Pay allows them to leave their plastic cards at home and use their phones to pay instead.

How Exactly does Samsung Pay work?

Samsung Pay can be used almost anywhere, thanks to two different technologies. When you tap your card at a contactless terminal to pay, you’re using near-field communication (NFC). 

A second option is secure magnetic transmission (MST) for older terminals that can’t swipe a card. When you place your phone against one of these readers, the phone emits a magnetic signal that mimics the magnetic strip on the back of a credit or debit card.

Samsung acquired a mobile payment company that developed MST technology for Samsung Pay in 2015.

While MST will no longer be supported on the Galaxy S21, new devices released in the United States will not. “Starting with devices released in 2021, Samsung Pay will focus on NFC transactions across the Galaxy product line because of the rapid adoption of NFC technology by consumers and businesses. 

Samsung Pay will continue to work on older Galaxy devices that are compatible with MST, even though future devices will no longer include MST “Samsung Pay will continue to support MST for owners of phones released before 2020, such as the S20 FE, Note 20 Ultra, and Z Fold 2. 

The availability will also vary depending on the mobile network provider. Customers will see the app when they update their operating system. 

A pre-installed version of Samsung Pay will be available on the upcoming Samsung Iconic line of smartphones. Unsupported devices can’t get the app because it’s not built for them.

It’s easy to get started with Samsung Pay. It’s as simple as downloading the app and signing in to your Samsung account—or creating one if you haven’t done so already. The application will then ask you to enter a PIN, an iris scan, or a fingerprint to authenticate your identity.

This is where the phone’s camera comes in handy, and you can also link your PayPal account if you’d like. Once you confirm the card via text, phone call, or email, the app will proceed with the transaction. You can link up to ten cards at a time with this app.

How To Set Up Samsung Pay?

  1. Choose and follow these instructions if you can see the Samsung Pay icon on your device:
  1. Using Samsung Pay is as simple as tapping the Pay icon on your device.
  2. First, click on the Samsung Pay icon.
  3. Install the Samsung Pay app.
  4. Samsung Pay can now be activated by logging into your Samsung account and following the on-screen instructions.
  1. Choose and follow these steps if you don’t see the Samsung Pay icon on your phone:
  1. Navigate to the “Settings” section of your device.
  2. Select ‘About Device’
  3. Install the most recent version of AndroidTM software.

How To Add Credit/Debit Card On Samsung Pay? 

  • Swipe up from your phone’s locked or home screen to access Samsung Pay.
  • Use Samsung Pay by scanning your card or manually entering the information.
  • When you use Samsung Pay, you’ll receive a one-time password (OTP).
  • To complete the registration process, enter your OTP authentication code.
samsung pay app 1

How to pay using Samsung Pay?

Swipe up from the bottom of your screen to access Favorite Cards after you’ve registered your eligible Chase card with Samsung Pay. The card that was most recently used or added is shown. You can scroll through your registered payment cards by swiping left or right. 

  1. Once you’ve selected the card you want, press and hold the Home button until it goes to the home screen. 
  2. Touch PIN to use your Samsung Pay PIN. Put in your PIN (four digits) and press OK.
  3. To make a payment, Samsung Pay will let you know that you’re ready to go.

In the case of NFC Payment 

  1. When using a payment terminal, place your phone in front of the NFC reader to use
  2. Set the camera to the NFC symbol.
  3. The proximity between the two devices is ideal

In the case of MST payment 

  1. Keep your phone close to your computer.
  2. Face the magnetic stripe reader with the camera.
  3. The proximity between the two devices is ideal.

Securing your Gear S3 with Samsung Pay

  1. The Gear S3’s back key can be used to launch Samsung Pay on your smartphone.
  2. To pick a card, turn the bezel.
  3. Tap to pay at any NFC or MST terminals

If necessary, use the payment terminal to complete the transaction. Whether using a debit card or a credit card, you’ll still need to enter your PIN (PIN). A signature may be required by some merchants/terminals, while others may ask you to verify the total charges.

samsung oay mini

Is Samsung pay a security concern? 

Using Samsung’s Knox real-time hacking and rooting prevention, Samsung Pay details are protected, and no card information is stored on either a Samsung server or the device itself.

Tokenisation is used in both Samsung Pay and Apple Pay. 

You can make secure card payments by creating a number or token to replace your card number; you can make secure card payments. It is stored in a particular element on your device, and when a payment is made, the token will be sent to the merchant or retailer. 

As a result, the retailer does not have access to your credit card information. In addition, ARM TrustZone is available with Samsung Pay as an extra layer of security to guard against hacking attempts.

Samsung Pay Vs Apple Pay and Google Pay

Only merchants using NFC tap-to-pay terminals can use Samsung Pay, which can be used almost anywhere that accepts credit or debit cards (as long as you own a Galaxy phone released before 2021 in the US). 

With Samsung Pay, you’ll be able to get discounts and rewards from a variety of retailers, as well as earn bonus Samsung account points and redeem vouchers. Samsung Pay can be linked to Chase Pay users’ digital wallets.

You can send money to friends and family using Apple Cash or Google Pay via iMessage or Google Assistant with either Apple Pay or Google Pay. Using Samsung Pay, you can send money to friends or family members using peer-to-peer payments. 

As a result, Samsung Pay Cash requires that both you and your friends or family members have a prepaid debit card called a Samsung Pay Cash account before you can transfer money.

For purchases made at Samsung.com, the Galaxy Store, and other Samsung locations, users will still be rewarded with Samsung Rewards points as of January 2021.

how does samsung ay work 1

What if you misplace your phone or credit card 

If you don’t have your fingerprint, PIN, or IRIS scan, you can’t make a payment from your phone. Furthermore, registering with Samsung’s find my mobile service allows you to remotely wipe the phone’s contents, including any cards stored in Samsung Pay form, from any location in the world. 

Using Samsung pay will be impossible for a while after you have notified your bank that you have lost your physical debit/credit card and have contacted your bank to cancel it. 

However, if your bank issues a credit card, the app should also generate a new account number for you. Additionally, your digital card information will be automatically updated when you receive a new card, such as when your card expiration date approaches.

To sum up 

Using Samsung Pay, you can store your debit, credit, gift, and loyalty cards on your phone so you can use them anywhere in the world. NFC and MST technology were available on Galaxy devices until 2021. 

There is no charge; there is even a reward programme with some retailers. In general, it’s a safe and reliable method of making a payment.

Samsung Pay: FAQs

Does Samsung Pay work outside the US?

Samsung Pay will work outside of the United States as long as you’re shopping at a participating retailer. In some cases, your wireless plan and mobile carrier may impose additional charges for message data and foreign transaction fees.

What is the maximum amount that can be purchased using Samsung Pay?

All of your transactions with Samsung Pay will be saved in the app so that you can keep track of how much you’ve spent. The total amount you can pay with Samsung Pay is unlimited.

I don’t have access to a data network. Can I still use Samsung Pay?

Although the device must be connected to Wi-Fi or mobile data in order to process more than ten payments, this is possible. To add a card and view transaction history, you’ll need a working internet connection.

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