I’ve always wondered why was it locked only to merchants, anyone knows?
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Money laundering
When you pay a merchant, the merchant pays processing fees, which in addition to running the service, help cover fraud and the rewards you earn with credit cards. If someone isn’t a merchant, you don’t want to actually pay them.
I would find it pretty handy if e-transfers were possible this way.
I can tap to pay someone directly on Android, though it’s slightly more complicated to do than simply sending them shit through CashApp or Venmo. Not least of which is the requirement of being in the same location at the same time to tap phones together.
