The difference between Tap to Pay on iPhone and the Tide Card Reader device is that with Tap to Pay on iPhone you can collect contactless payments with your phone, whereas the Tide Card Reader is an extra device you’ll need to have with you to receive payments. here.
Your choice may depend on your business model and preferences. If your business is more mobile (for example, food trucks, pop-up shops, etc.), or your customers are comfortable with technology, then Tap to Pay on iPhone will be the better choice for you. If you run a physical shop, the Tide Card Reader might be just as convenient for you.
To see your EUR SEPA details, go to the 'Payments' tab > tap 'Details' next to your main
account > 'EUR SEPA'. Then, tap 'Share' to share them with your payors from SEPA countries and receive payments from them.
We’ll convert any euros you receive into pounds and credit them to your primary GBP Tide bank account, minus a 0.50% FX markup.
To learn more about SEPA, and how to use it to send or receive international payments, visit the dedicated FAQ page.
You can receive international payments in GBP via SWIFT (Society for Worldwide Interbank Financial Telecommunication) too.
To do this, you’ll need your SWIFT account details. You can find these in your app by tapping the ‘Payments’ tab > ‘Details’ next to your main account > ‘SWIFT’. Then tap ‘Share’ to send your details to your payors.
We will charge you 20p per payment. If you’re using one of our paid plans, we’ll start charging the 20p fee after you’ve gone over your monthly free transactions limit.
You can’t send payments via SWIFT but we will let you know if we make this possible in the future.
