With Samsung Pay, in addition to Google Pay and Apple Pay, there has been a third, major service in Germany since October 2020 that can be used to pay via mobile phone. The advantage of Samsung Pay is that you can use the service without your own credit card. But there are also some restrictions.
In order for smartphone owners to be able to use the new Samsung Pay payment service, they need a compatible Samsung smartphone or smartwatch. The latter can either come from Samsung itself or from another Android manufacturer. In contrast to Apple Pay, Samsung Pay can at least partially be used across manufacturers. However, the payment service is not as flexible as Google Pay. Because only Google Pay is open to a large number of NFC-enabled cell phones from different manufacturers. However, these must run at least with Android 5 and must not be rooted.
Samsung Pay launched in Germany on October 28, 2020. Despite the limitations mentioned, the service sounds promising. TECHNOLOGY BUTTON reveals which smartphones, smartwatches and banks can be used to use the mobile payment service.
Samsung Pay can be used with these devices
Smartphones with Samsung Pay
The Samsung Pay app runs on most, but not all, Samsung phones. The South Koreans name devices from the Galaxy S and Galaxy Note series from the eighth generation and the Galaxy A series from the Galaxy A6 (2018) as compatible. There are also the Xcover Pro model and the Z-series folding display telephones. The manufacturer has published the complete list of smartphones with which Samsung Pay can be used on its website.
However, models from the NFC-free Galaxy J and M series are also excluded from Samsung Pay, as are rooted telephones or the Galaxy S6 or Galaxy S7, although these two models come with NFC. However, owners of these devices can still use Google Pay because they meet the requirements for this service.
Smartwatches with Samsung Pay
Since March 4th, Samsung Pay can also be activated via the Galaxy Wearable app. This means that the payment service can not only be used on Samsung’s own smartwatches such as the Galaxy Watch and Galaxy Watch 3, Galaxy Watch Active and Active 2, but also on watches from other Android manufacturers, provided they support NFC. Additional functions such as the “Splitpay” installment payment function explained in more detail below can also be activated from the Samsung Pay app and are then available via the smartwatch.
Via the “Back” button on the Galaxy Watch, users can activate the payment mode on their watch. As long as the watch is on your wrist, according to the manufacturer, you only need to enter a PIN once to authorize the payment. As with smartphones, all payment information is sent encrypted after authorization.
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A checking account is sufficient
Google and Apple are dependent on cooperation with banks. Whether you can pay using these two services also depends on which bank you are a customer of. Samsung Pay, on the other hand, claims that with the help of its partners Solarisbank and Visa, every user with a current account can use the service. You don’t have to have a credit card.
This is how Samsung Pay works
To be able to use Samsung Pay, smartphone owners must first download the free app from the Play Store or Galaxy Store. After installing the payment app, you register your own data and the bank through which the payment is to be made. For registration, Solarisbank uses a simple identification process that does not require video identification or a visit to a branch. Users * also receive a virtual Visa debit card that they can use wherever Visa contactless is already accepted. Once set up, future payments with Samsung Pay will be debited from the linked house bank account within one to two days.
In the shop, the customer pays by smartphone by holding his unlocked cell phone up to the payment terminal. The principle behind it is the same as with credit or giro cards that have an NFC chip.
The encrypted payment information on the virtual debit card is encrypted via NFC and transmitted contactlessly to the card reader and the outstanding amount is paid. Users receive a confirmation on their mobile phone for each payment process. If you wish, you can also view a complete account statement for payments made in the app.
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Mobile payment with installment function
Customers can make payments of 100 euros or more in installments if they wish and if they have a creditworthiness. Samsung offers the “Splitpay” option for this. When paying in installments, you can choose between three and 24 months, whereby the installments are automatically debited from the bank account. Even after the payment has already been made, users can still choose to pay in installments via Splitpay within 90 days, according to Samsung.