With Samsung Pay, in addition to Google Pay and Apple Pay, there is now a third, major service in Germany 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. The restriction: So far, it is only compatible with certain Samsung smartphones.
In order for smartphone owners to be able to use the new Samsung Pay payment service, they need a compatible Samsung mobile phone. Samsung Pay is thus very similar to Apple Pay, which can also only be used with the manufacturer’s own iPhones. Of the three payment services available in Germany, only Google Pay is open to a large number of NFC-enabled cell phones from various 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. TECHNOLOGYBUTTON reveals which smartphones and banks can be used to use the mobile payment service.
Samsung Pay can be used with these smartphones
The Samsung Pay app runs on most, but not all, Samsung phones. The South Koreans name devices of 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.
As Samsung announced, the payment service should also be available via a Galaxy Watch in the coming year. In Switzerland, owners of a Samsung smartwatch can already pay via their watch.
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 the bank with which you are the customer. Samsung Pay, on the other hand, claims that with the help of its partners Solarisbank and Visa, every user with a German current account can use the service. You don’t have to have a credit card.
This is how Samsung Pay works
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 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 mobile phone to the payment terminal. The principle behind it is the same as with credit or giro cards that have an NFC chip. At least in Germany, there are generally no fees for contactless payments.
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.
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 option “Splitpay” for this. When paying in installments, you can choose between three and 24 months, with the installments automatically debited from your 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.
Action to launch Samsung Pay
At the start of Samsung Pay in Germany, the company is offering a start-up bonus for buyers of the current Galaxy device. These are the following models:
- Galaxy Z Fold 2 5G or Z Flip (5G) – 200 euros credit
- Note 20 Ultra 5G or Galaxy S20 Ultra 5G – 150 euros credit
- Galaxy Note 20 (5G), S20 (5G), S20 + (5G) or S20 FE (5G) – 100 euros credit
Also read: Samsung Galaxy S20, S20 + and S20 Ultra – the big comparison
When purchasing one of these smartphones between October 28 and November 18, users aged 18 and over can secure a Samsung Pay credit of up to 200 euros. The registration of the promotional device must then take place by December 13th. According to Samsung, the credit will be credited within 45 days of registering the promotional device in the Samsung Pay account. The manufacturer has published more information on the Samsung Pay campaign on its website.